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5% revenue rise seen for aerospace, defence sector

Deloitte report also projects increase in M&As in commercial aerospace industry

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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 - PHOTO: REUTERS

[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

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