Aerospace Industry Remains Strong Through Downturn

ARLINGTON, Va., Dec. 16 /PRNewswire/ --

ARLINGTON, Va., Dec. 16 /PRNewswire-USNewswire/ -- Aerospace industry sales will increase in 2009 and 2010, demonstrating the strength of the U.S. aerospace industry in today's weak economy, AIA announced Wednesday at its 45th Year-end Review and Forecast Luncheon.

"There are decreases in some aerospace categories," said AIA President and CEO Marion Blakey, "however, our projection for continued overall sales growth is a solid barometer that the aerospace industry boosts trade and generates thousands of high-paying jobs across the country."

AIA is reporting total aerospace sales in 2009 will be slightly more than $214 billion, a record for the sixth straight year. Military aircraft leads the growth curve while civil aircraft, missiles and the space sectors also posted increases.

While shipments continued to increase this year, orders and backlog are projected to drop, reflecting the continuing economic turmoil. AIA projects that sales growth will slow in 2011.

"It's tough to see that sales line ease off, but we don't think the dip will be too deep or last too long," said Blakey. "A game changer such as the Boeing 787 airliner, as well as pent up demand for environmentally-friendly and fuel efficient aircraft will reinvigorate the aerospace industry and drive demand for years to come."

"Bottom line," said Blakey, "the aerospace industry is sound and able to absorb some punishment from the economy.

Exports dipped 17 percent in 2009 and imports decreased 34 percent. However, the trade surplus remains a solid $54 billion, the largest of any manufacturing sector. Employment is forecast to drop two percent in 2009 to 641,100, the first decline since 2003.

The employment decline is not nearly as severe as in other industries, Blakey noted. Aerospace employment fell by four percent from last year to the third quarter of 2009, while jobs in manufacturing overall dropped by 11.7 percent.

Founded in 1919, the Aerospace Industries Association represents the nation's leading manufacturers and suppliers of civil, military, and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, materiel, and related components, equipment services, and information technology.

Web site: http://www.aia-aerospace.org//

Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise