The aerospace and defense (A&D) industry achieved record revenue and profits in 2012 on the strength of a surging commercial aviation market. Industry revenue and operating profit increased 2% and 4%, respectively. Median Top-Performing Companies (TPC) scores for the largest A&D companies improved to their highest levels since 2007, the year before the Great Recession. Mid-size company scores were flat, but remained at historic highs, and smaller company scores dropped considerably, after a brief peak last year.
No matter how you gauge the success of Boeing’s 777, whether in terms of sales, profitability, safety, versatility, longevity or derivatives, few can argue the remarkable impact the twinjet has made on the industry since entering service almost 20 years ago....More
During its nearly 100 years of coverage, Aviation Week & Space Technology has covered many controversial programs. Perhaps none has been as big in terms of sheer value and global reach as the nine-nation, stealthy F-35 fighter project....More
It was not a long weekend like it was in the States, but I felt the presence of the Belgian army on the streets of Brussels Jan. 17 when I saw a Light Multirole Vehicle bristling with antennas turn the corner on Rue Royale and drive past the parliament....More