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02 Feb 12. Sustainability Budgets of Defense Organizations Are Expected to Rise by 7% Over the Next 12 Months. Respondents expect to allocate 34% of their procurement budgets to sustainability initiatives. From new survey results, it is clear that, for most respondents, sustainability is an important priority in the defense industry, necessary to attract environmentally conscious customers, compete for major contracts and comply with governmental and international legislation. This is reflected by the fact that, on average, respondents expect to allocate 34% of their procurement budgets to sustainability initiatives over the next 12 months and anticipate an average cost saving of 7% of organizational expenditure as a result of these initiatives. In terms of supplier selection, the most important factors identified by respondents were effective health and safety (EHS) management systems, reduction of green house gas (GHG) emissions and use of recyclable or reusable product components. Survey respondents also identified USA, Germany and India to be the most promising markets for defense sustainability. The industry survey revealed that, on average, buyer sustainability management budgets are expected to rise over the next 12 months by 7%, compared to an average expected increase of 6.8% in 2010. Defense contractors, on average, expect to witness a 6% increase in their sustainability budgets over the next 12 months. Other service providers also expect to see a similar increase in sustainability budgets. This is higher than the 2010 survey, when respondents from supplier companies expected an average increase of 4.9%.(Source: ASD Network)
02 Feb 12. Aerospace Buyers Expect Increased Levels of Consolidation Over the Next 12 Months. This is attributed to a number of trends within the industry, such as strong growth in air travel around the world for both civilian and military purposes, decreased global economic uncertainty and demand from emerging markets such as India, China, Mexico and Brazil. Respondents from aerospace industry supplier companies expect increased levels of consolidation in their industry over the next 12 months, with 55% of respondents predicting either a ‘significant increase’ or an ‘increase’ in M&A activities. According to a research, across the aerospace industry, respondents have become more optimistic about revenue growth in the next 12 months than they were in the previous 12 months. This is attributed to a number of trends within the industry, such as strong growth in air travel around the world for both civilian and military purposes, decreased global economic uncertainty and demand from emerging markets such as India, China, Mexico and Brazil. Demand for new,fuel-efficient aircraft also follows rising jet fuel prices. Between 2011 and 2012, demand for aircraft is expected to increase considerably, with stronger rates of global economic recovery encouraging overall business growth. (Source: ASD Network)
02 Feb 12. Research and Markets
(http://www.researchandmarkets.com/research/25180b/defense_spending) announced the addition of the “Defense Spending – Global Group of Eight (G8) Industry Guide” report to their offering. Defense Spending -Global Group of Eight (G8) Industry Guide is an essential resource for top-level data and analysis covering the Defense Spending industry in each of the G8 (United States, Canada, Germany, France, United Kingdom, Italy, Russia and Japan) countries. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market. (Source: Yahoo!/BUSINESS WIRE)
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