Global Defense Sales Slip 3.3%; Aerospace Rises

PARIS — Worldwide defense sales fell 3.3 percent in 2011 from a year ago, driven by governments’ spending priorities, weak Western economies, and withdrawal from Iraq and Afghanistan, a report from consultancy Deloitte said.
The decline in defense contrasted with an overall 2.3 percent rise in global aerospace and defense revenues, helped by higher production rates of airliners, the 2011 Global Aerospace & Defense Industry performance wrap-up report showed.

Read More..............