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2013 Year-End Review and Forecast

December 30, 2013

The U.S. aerospace and defense industry is facing some of its greatest challenges in decades. While weathering numerous trials during 2013, our industry produced relatively flat results compared with 2012. An overall slight decrease in sales is forecast, reaching $220.1 billion for 2013 – down from $222 billion last year – with only civil aircraft sales showing growth. Sequestration effects on the industry and Defense Department have forced industry layoffs and divestitures and will continue to put pressure on the fragile industrial base.

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2013 Year-End Review and Forecast