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Western Defense Companies Face Grim Future -- Zachary Keck, The Diplomat
Global defense spending shrank last year for the first time since 1998, according to a new report by the UK-based advisory firm, AlixPartners. This is consistent with other recent reports by organizations like Stockholm International Peace Research Institute’s (SIPRI).
In its 2013 Aerospace & Defense Industry Outlook, AlixPartners estimates that the aerospace and defense (A&D) industry as a whole grew by 6.8 percent in 2012, a sizeable increase from the 5.5 percent growth rate the industry experienced in 2011.
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My Comment: Tough times now .... maybe. But if there is one thing that I have learned about covering conflicts and defense spending over the years it is the following .... quiet times are always followed by a major war somewhere.
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