Civil Aerospace Rising As Defense Industry Falters: Study

Law360, New York (January 2, 2014, 5:20 PM EST) -- Deloitte LLP expects 2014 to bring more of the same for the aerospace and defense industries, with significant gains in civil aerospace edging out losses caused by declining spending on U.S. military contracts, according its annual outlook report published Thursday.

The continued decline of defense spending into 2014 will likely force defense contractors to adapt if they want to remain profitable, with renewed focus affordability and increased investment in emerging technology in areas like intelligence and cyber security, according to the report. And while the recently...
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