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.
The general feeling among many of China’s naval neighbors and in U.S. military circles is that China has been turning into a bit of a bully in (re)staking territorial claims in the seas off its coasts....More
Former Editor-in-Chief Dave North wrote pilot reports on more than 120 aircraft during his career at Aviation Week. His visits to Embraer began in 1978, long before the Brazilian company’s privatization and emergence as a powerhouse in regional jets. Here, he recalls his Embraer experiences, culminating in a test flight of the E170....More