Report sees 3.4% growth

Global commercial aerospace subsector revenues are projected to increase by 3.4 percent this year. That's according to a new report released by Deloitte. Continued demand for new commercial aircraft, new technologies, strong passenger traffic, and military spending prompted by activity in the Middle East, will drive the growth. Deloitte's projection for the commercial sector is based on forecasts from airframe manufacturers and several investment analyst reports. (Source: Avionics Today, 01/05/16)