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Report: Military Electronics to Slow

Published: 02 March 2007
 by Staff
LOS ALTOS, CA – The change in the Congressional majority will likely result in slower growth rates for U.S. military electronics production, according to a leading industry analyst.

In his February newsletter, Ed Henderson predicts military electronics will grow 2.3% next year, down from 9.5% this year.

Military electronics sales grew between 11.4% and 13.3% from 2004-06, Henderson said.

Global defense budgets were worth some $950 billion 2006, with more than half – $522 billion – spent by the U.S. National defense contracts are typically closed to foreign suppliers, which makes the U.S. a lucrative and virtually protected market for U.S. companies.

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