Infographic: Make planes, not war: How aerospace and defence is changing

Make planes, not war: How aerospace and defence is changing

MILITARY budget cuts have sent global defence revenues down 1.3 per cent in the last year, and civil aerospace could soon overtake the sector, according to figures out yesterday. A boom in air travel led by emerging economies has sent spending on planes to fresh highs, creating record sales for manufacturers like Boeing and Airbus, Deloitte’s research into more than 100 aerospace and defence firms revealed.