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Tuesday, Oct 2
2012, 10:55 AM
Tighter military budgets in the U.S. and Europe have reduced revenues for the top weapons makers...
Tighter military budgets in the U.S. and Europe have reduced revenues for the top weapons makers by nearly 1% in H1, and are likely to continue to depress sales for the remainder of the year. The top 20 global aerospace and defense companies reported a $1.3B drop in revenues in the first half, following a 3.3% decline in 2011. The decline however, was offset by record-setting production of commercial aircraft, driving commercial revenues 14.9% higher and helping to increase overall revenues in the combined A&D sector by $7.2B, or 5.5%, over the same period.