Author: Jane Edwards|| Date Published: June 1, 2018
A new PwCreport says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year.
PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in 2016.
The professional services firm predicts the defense industry will continue to experience accelerated growth in revenue and profit this year driven by defense spending increases as reflected in the omnibus spending measure that President Donald Trump signed in March.
PwC said the top six defense contractors in the U.S. posted a 3 percent rise in profit and revenue in 2017.
The report cited several mergers and acquisitions in 2017 and early 2018 that sought to consolidate government services businesses and realign portfolios.
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CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year.
