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Defense contractors in the top global aerospace and defense companies experienced a 1.0 percent
decrease in global revenues in first half of 2012, on top of the 3.3 percent decline
in revenues in 2011. Overall, the global A&D industry posted increased operating earnings
of 8.8 percent to $20.0 billion in 1H 2012, largely due to the positive impact caused
by delivery of commercial aircraft, company cost cutting and efficiency initiatives in
advance of expected continued declines in defense budgets, and the virtual absence of
one time charges. This according to a new financial report from Deloitte, Mid-year 2012
Top 20 Global Aerospace and Defense Company Financial Performance Analysis.
For the complete article, please go to Big4.com