profits


WASHINGTON: While anxiety over sequestration dominated yesterday’s annual meeting dominated of the Aerospace Industries Association, its member companies actually did pretty well in 2012.

Civil aircraft sales, up 14 percent since 2011, and arms exports, up 12 percent, grew faster than Pentagon spending declined, which was just 3.4 percent. Overall, aerospace and defense profits are up slightly even though manufacturing sector profits in general are down. Keep reading →