Deloitte: Global A&D Revenues Reached $674B in 2016; Robin Lineberger Comments

Robin Lineberger

TYSONS CORNER, VA, June 21, 2017 — Deloitte has said in a new report that revenue in the global aerospace and defense sector grew 2.4 percent to reach $674.4 billion in 2016 led by the European commercial and U.S. defense subsectors, ExecutiveBiz reported Friday.

The company said Thursday revenue for the global defense subsector in 2016 climbed by 2.1 percent to $351.3 billion.

“Across the globe, and especially in the U.S., we have seen an increase in military spending which has led to another strong year for the defense sector,” said Robin Lineberger, global A&D leader at Deloitte.

“Contributing to this strong year is the 3.1-percent growth in U.S. defense revenues resulting from the 3.6-percent increase in funding from the U.S. Department of Defense, the subsector’s largest customer.”

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

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