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.
Redhawk Federal Solutions has acquired Twenty8 Technology to expand its data interoperability and artificial intelligence and machine learning engineering capabilities.…
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
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.
