Taiwan's AIDC sees profits fall in 2020 21 April 2021 by Jon Grevatt Taiwan’s Aerospace Industrial Development Corporation (AIDC) has reported major declines in revenue and profit for fiscal year (FY) 2020. The state-owned company said its revenues for FY 2020 were TWD21.04 billion (USD747 million): a 26% decline compared to the TWD28.54 billion registered lthe year before. Net profit fell from TWD1.87 billion in 2019 to TWD395 million: a decline of 79%. The company did not state the scope of its defence sales but last year the military-commercial split of revenues was 41:59, with the majority attributed to civilian aerospace. Already a Janes subscriber? Read the full article via the