SOFX ALERT
Deloitte: Defence sector to grow 2.7% in 2016, ending decline

Deloitte: Defence sector to grow 2.7% in 2016, ending decline

A two-year budget deal in the USA coupled with growing global instability could see defence revenues jump by 2.7% in 2016, breaking a five-year decline, according to forecasters at Deloitte.The sombre security outlook is driving governments worldwide to beef up their militaries, with forecasters noting an increase in demand for munitions and light attack and surveillance aircraft from aerospace manufacturers.

Source: Deloitte: Defence sector to grow 2.7% in 2016, ending decline