Worldwide defense sales fell 3.3 percent in 2011; U.S. military fighter jet crashed into the sea off northern Japan
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  • Reports noted that worldwide defense sales fell 3.3 percent in 2011 from a year ago, driven by governments’ spending priorities, weak Western economies, and withdrawal from Iraq and Afghanistan, a report from consultancy Deloitte said. The decline in defense contrasted with an overall 2.3 percent rise in global aerospace and defense revenues, helped by higher production rates of airliners, the 2011 Global Aerospace & Defense Industry performance wrap-up report showed. .1

    In another develoepmnt, according to reports, a U.S. military fighter jet crashed into the sea off northern Japan on July 22 and its solo pilot was waiting for rescue at sea after ejecting, the coast guard said. “The F-16 jet crashed some 470 nautical miles northeast of Nemuro” at around 11:30 a.m., a spokesman at the Japan Coast Guard said. “The pilot ejected and is now waiting for rescue at sea,” the official said, adding the coast guard’s ships and plane were heading to the accident site. The city of Nemuro is 1,000 kilometers (620 miles) north of Tokyo. .2

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