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PwC: US Aerospace & Defense Firms Spend More in R&D for 2017

TYSONS CORNER, VA, Nov. 20, 2017 — PwC‘s global consulting unit has found a nearly $12 billion increase in the research and development budgets of U.S. aerospace and defense companies in 2017, led by Boeing (NYSE: BA), United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Friday.

Defense News reported Wednesday the Global Innovation 1000 study by PwC’s Strategy& indicates U.S. A&D companies are bigger R&D spenders than foreign companies, with the top five American firms investing $9.43 billion in R&D compared to $7.64 billion internationally.

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