Deloitte Report Finds U.S. Aerospace and Defense Industry Sluggish: Big4.com Reports On Findings

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Operating margins were flat at 10.9 percent last year

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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.
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  •     Kristy Short

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(734) 481-0186
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Kristy Short
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