5% revenue rise seen for aerospace, defence sector

[SINGAPORE] The global aerospace and defence industry is expected to post revenue growth of 5 per cent this year, a pace similar to the last two years, on the back of the commercial aerospace sector.

However, the defence sector continues to face declining revenues - estimated at 2.5 per cent lower in 2013 - as US and European governments scale back defence budgets. This follows decreases of 1.3 per cent in 2012 and 1.9 per cent…