TYSONS CORNER, VA, May 15, 2017 â A DeloitteÂ study reports that U.S. aerospace and defense exports continue to grow but at a slower pace in 2016 compared to previous years due to a number of factors in the international market, ExecutiveBiz reported Friday.
The company said Thursday A&D accounted for 10 percent of total U.S. exports in 2016 with a $2.5 billion or 1.7-percent growth, compared to four percent in 2015 or the five-year, 60-percent surge from 2010.
“The slower pace of growth is due to a decline in export financing, the strengthening of the U.S. dollar and global competition,” said Robin Lineberger, a principal at Deloitte’s consulting practice and leader of theÂ global and U.S. aerospace and defense sector at the company.
He cited the cost of U.S. exports in the international market, updates to manufacturing processes abroad, as well as competitive currencies and lower labor costs as other factors that contribute to the slowdown in growth.
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