Embry-Riddle: Industry To Rebound In 2010, But ...

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Manufacturing in aerospace "may help lead the U.S. economy out of recession" in 2010, according to a study by Embry-Riddle's Center for Aviation and Aerospace Leadership. While the Center's study (the Aerospace Economic Report and Outlook for 2010) suggests that the rate of recovery could be relatively quick, as compared to other sectors of the economy, it also shows what Embry-Riddle calls an "ominous trend." The study cites a strong shift toward "the importation of aerospace components and parts." While the U.S. continues to lead in the exportation of aircraft, "a growing percentage of the components that go into the assembled aircraft are being produced overseas," says the study. That may lead to other economic and national security concerns, according to the school. Those concerns, and the full results of the study, will be discussed at Embry-Riddle's first Aviation and Aerospace Manufacturing Summit, to be held Feb. 22-24, in Orlando, Fla.

In discussing the study, the school emphasized the role aerospace manufacturing plays in the U.S. economy and national defense. While interconnections between national manufacturers and those abroad may enhance international industrial relations, Embry-Riddle notes the dependence on foreign entities has also created natively based economic and security concerns. "Both civilian and military aerospace products may be at risk if this trend continues," said the study's co-author, retired Air Force Brigadier General Robert Mansfield. Click here to learn more about Embry-Riddle's upcoming aerospace manufacturing summit and to learn how you can obtain copies of the report.