The global aerospace and defense sectors recorded revenue of $699 billion in 2015 compared with $713 billion in 2014, a decline of 2 percent primarily due to the strengthening of the US dollar, according to the "Aerospace & Defense 2015 year in review and 2016 forecast" report published by PricewaterhouseCoopers in January. The two sectors' operating profits were $65 billion, a decrease of 9 percent from $71 billion in 2014. In constant US dollars, global aerospace and defense sector growth was 3.8 percent in 2015, outperforming global gross domestic product growth of 2.4 percent, according to Deloitte's "2016 Global aerospace and defense sector performance study," published in June.
Profits dip in aerospace, defense sectors
Aerospace America ; 54 , 11
2016
Article (Journal)
English
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