Expect defense to shrink while commercial aerospace sets new records.
Deloitte Touche Tohmatsu Limited (DTTL) Global Manufacturing Industry group has released a report on the 2013 outlook for the global aerospace and defense (A&D) industry. The report provides observations about the challenges, issues, and opportunities in the sector.
According to the report, the global defense segment is expected to see continued declines in revenue for the third consecutive year, due to decreased military spending, principally in the United States (US) and Europe. On the other hand, the commercial aircraft segment is expected to reach record levels of revenues in 2013, just coming off its best year ever for production in 2012. Read the full report here