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Business/Financial

PwC Expects Huge Gains Ahead For Global Defense Industry

By Cal Biesecker

Tuesday, June 6th, 2023

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PwC Expects Huge Gains Ahead For Global Defense Industry

F-35 Producton Line (Lockheed Martin File Photo)

Increasing defense spending worldwide will drive “tremendous growth” in the global defense industry over the next decade, says a report by the international professional services firm PricewaterhouseCoopers (PwC). Sales at the top 100 defense companies worldwide have climbed for six straight years and 2023 should be a “year of significant growth,” the firm says in the 2023 edition of its report, PwC’s global aerospace and defense: Annual Performance and outlook, which was released last week. The U.S., China and Russia…

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