2017GlobalaerospaceanddefensesectorfinancialperformancestudyDefensesubsectorexpands,whilecommercialaerospacegrowthslowsdownContentsForeword1Executivesummary2Whatdo‘LetterstoShareholders’reveal?4Scopeofthestudy7GlobalA&Dsectorperformance:Anoverview9GlobalA&Dsectorperformance:Adetailedanalysis13Globaldefensesubsectorcomparedwithcommercial31aerospacesubsectorComparisonofUSandEuropeanA&D32sectorperformanceComparisonofUSandEuropeandefense34subsectorperformanceIndividualsegmentperformance35Studymethodology38Endnotes41Authors42Contacts43AsthenewlyappointedDeloitteGlobalAerospace&Defenseleader,itismyprivilegetosharewithyouthe2017Globalaerospaceanddefensesectorfinancialperformancestudy.Eachyear,Deloitteproducesacomprehensivefinancialanalysisoftheglobalaerospaceanddefenseindustry.The2017studylooksatthetop100companies(or