in , , ,

Deloitte: Global Aerospace & Defense Sector's 2016 Revenue Hit $674B; Robin Lineberger Comments

Deloitte: Global Aerospace & Defense Sector's 2016 Revenue Hit $674B; Robin Lineberger Comments - top government contractors - best government contracting event
Robin Lineberger
Deloitte: Global Aerospace & Defense Sector's 2016 Revenue Hit $674B; Robin Lineberger Comments - top government contractors - best government contracting event
Robin Lineberger

A new report from Deloitte says that global aerospace and defense revenue increased by 2.4 percent to $674.4 billion during 2016.

The 2017 Global A&D Sector Financial Performance Study is based on an analysis of top 100 A&D companies worldwide that recorded more than $500 million in revenues last year, the company said Thursday.

The report found that A&D companies contributed $15.7 billion in 2016 revenues with U.S. defense and European commercial subsectors as the driving factors behind the revenue growth, while electronics segment and original equipment manufacturers added approximately $3.7 billion and $3.4 billion in revenues.

The global defense subsector's revenues rose by 2.1 percent or $7.2 billion driven by an increase in defense spending.

“Across the globe, and especially in the U.S., we have seen an increase in military spending which has led to another strong year for the defense sector,“ said Robin Lineberger, global A&D leader at Deloitte.

“Contributing to this strong year is the 3.1 percent growth in U.S. defense revenues resulting from the 3.6 percent increase in funding from the U.S. Department of Defense, the subsector's largest customer.“

Lineberger noted that the defense sector is expected to experience continued growth as countries make technological investments to fight terrorist threats.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Featured

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

Teledyne's Earth Imaging Platform Installed on Space Station - top government contractors - best government contracting event
Teledyne’s Earth Imaging Platform Installed on Space Station
Rockwell Collins Delivers 770th GPS Receiver to Air Force Space and Missile Systems Center - top government contractors - best government contracting event
Rockwell Collins Delivers 770th GPS Receiver to Air Force Space and Missile Systems Center