(PRWEB) April 14, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC, has picked up on a new Deloitte report that shows financial performance among the top 20 U.S. aerospace and defense (A&D) firms remained sluggish last year.
Titled “2011 Top 20 U.S. Aerospace and Defense Company Financial Performance Analysis” the report speaks to ongoing uncertainty over budget cuts by the Department of Defense (DoD). Big4.com noted there were other cost cutting and efficiency initiatives highlighted as key factors leading to the sluggish performance as well. For example, recent industry announcements call for a shifting strategic focus that will bring new challenges and increased competition to defense contractors, while expanding markets and M&A transactions offer new opportunities for firms.
On the bright side, the industry continued to benefit from rising commercial aircraft production. Last year saw a record production of commercial jets. There were sales orders of more than 2,200 across the globe as well.
The Deloitte report that was highlighted by Big4.com also sees more cautionary times ahead as the DoD enacts $487 billion in budget cuts over the next decade.
Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.
Big4.com has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.
- Kristy Short