Another Great Year
The aerospace industry had record sales for the third year in a row, according to an analysis by the Aviation Industries Association (AIA). In its annual review of aviation commerce, AIA said total sales were up $14 billion to $184.4 billion, an increase of 8.4 percent over 2005. "It would be hard to overstate aerospace's positive contributions to our national economy, as evidenced by these very strong indicators," said AIA CEO John Douglass. He also noted that the total represented a positive trade balance of more than $52 billion and he said there’s no immediate end in sight. Military aircraft accounted for $52.8 billion, with civil aircraft a close second at $47.5 billion. Space programs accounted for $38.6 billion, while related products added $30.7 billion. Employment was also up by 23,000 to 635,000 people.