Arab Today, arab today deloitte analyzes defence sector revenues
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

Deloitte analyzes defence sector revenues

Arab Today, arab today

Arab Today, arab today Deloitte analyzes defence sector revenues

Washington - UPI

Consulting firm Deloitte LLP reports that revenue for the U.S. aerospace and defense sector dipped 1.5 percent in 2012 while commercial aerospace increased. The increase in revenue for the commercial sector was 18.3 percent, Deloitte said in an industry analysis. Earnings last year for the defense sector fell 7.4 percent and increased 13.2 percent in the commercial sector. Deloitte said its analysis is based on the financial performance of 20 major U.S. aerospace and defense companies. The information came from company filings, company media releases of fiscal year-end, unaudited financial performance. In assessing the possible impact of $46 billion in annual defense budget cuts under \"sequestration\" that took effect this year, the company said that -- assuming the cuts are proportional and the entire amount remains in subsequent congressional actions – as much as another \"12 percent, or $25 billion, of defense and government contractor budgets are likely to be impacted for a combined total of approximately 24 percent in reductions.\" \"With U.S. defense budgets being cut, defense contractors are likely to experience continued revenue declines, and in some cases accelerated revenue declines,\" said Tom Captain, vice chairman, Deloitte LLP and aerospace and defense sector leader. \"It\'s expected that U.S. defense contractors will aggressively address this revenue shortfall with foreign military sales, acquisitions, new product introductions and growth in adjacent markets.\" The Deloitte analysis states that overall revenues of the top 20 U.S. aerospace and defense companies rose 5.5 percent to $354.7 billion, \"primarily driven by record-setting commercial aircraft production,\" which offset revenue decline within the defense subsector. Overall operating earnings fell 2.2 percent to $36 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deloitte analyzes defence sector revenues Arab Today, arab today deloitte analyzes defence sector revenues

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today deloitte analyzes defence sector revenues Arab Today, arab today deloitte analyzes defence sector revenues

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday