Industries & Professions /
Despite all-time high spending by the Department of Defense (more than $612 billion), the defense industry has not experienced growth over the last five years. According to a 2014 report by Deloitte Touche Tohmatsu Limited, the reduction of conflict in Afghanistan and Iraq and concerns over expenses are the two largest factors contributing to this flat growth. Instead of hiring new employees, the largest defense companies have been streamlining their operations to offset the lack of growth. However, this doesn't mean that there aren't jobs available in the industry. The report also notes that certain sectors of the industry have seen growth, and these sectors are more likely to need new employees. They include cyber-security, directed energy, high-powered microwave weapons, hypersonic missiles, long-range and high-altitude unmanned aerial systems, and extraordinary software that can trace financial transactions of known terrorists.