Global A&D sector revenue up by 2.7% in 2017 - Deloitte

Global revenue of aerospace and defense (A&D) sector increased in 2017 by $18.3 billion or 2.7 percent y/y. The A&D sector owes this increase mainly to the development of civil aviation and increasing expenditures on defense in Europe - according to a report by the consulting company Deloitte. "This is mainly due to the defense industry, whose revenues grew by 3.9 percent. In the case of civil aviation, a record number of 1481 new aircraft hit the market in the discussed period," said Piotr Świętochowski from Deloitte. The report also stated that last year European companies from the A&D sector recorded a revenue growth of 3.2 percent, and the US by 3.4 percent, while the sales profitability in the industry, on a global scale, increased by 10.8 percent. According to Świętochowski, this year and in the following years one should expect further growth in the global defense sector because countries constantly increase military expenses in order to counteract potential threats. "The portfolio of orders for airplanes with more than 14,000 items will also make the airline industry achieve stable financial results," he said.