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Business/Financial

Defense Sales Rose Modestly Last Year, AIA Says

By Marc Selinger

Tuesday, December 6th, 2016

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Defense Sales Rose Modestly Last Year, AIA Says

AIA President and CEO Dave Melcher

The U.S. defense and national security sector generated $204.3 billion in sales last year, a 2.5 percent increase from the previous year, the Aerospace Industries Association (AIA) said Dec. 6.Defense and national security accounted for 34 percent of all aerospace and defense industry sales, which totaled $604.7 billion in 2015, a 2.6 percent uptick, AIA said at its annual year-end luncheon in Washington, D.C. Commercial aerospace sales rose 2.8 percent to $276.2 billion, while services, including engineering services, program consulting…

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