Halfway through 2012, the global defense industry is reporting fewer revenues than it did a year ago with European-based firms feeling the worst of defense spending cutbacks while companies based in the United States are holding level, according to a new study by the accounting firm Deloitte. Despite weakness in defense spending worldwide, the commercial aerospace business continues to trend upward, driven by increased aircraft deliveries by Boeing [BA] and Airbus, a division of the European Aeronautic Defence and Space…
At Mid-Term, Global Defense Industry Continues To Shrink, Study Says
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