AIA/NAS - AEROSPACE FACTS & FIGURES
Aerospace Industries Association’s (AIA) Aerospace Facts and Figures, statistical handbook of U.S. aerospace industry data
|Publication Date:||1 January 2009|
Each year, AIA presents Aerospace Facts & Figures as a comprehensive accounting of our industry's recent performance.
While this year's statistics provide a current snapshot of the health of the aerospace industry, the numbers are best understood in a historical context. Our business is well known to be cyclical and, overall, recent years have been very prosperous for aerospace.
We are now headed into a transition. The stormy financial climate that took hold in 2008 continued through last year. Few industries escaped the wrath of a depressed economy; still, the aerospace industry showed strength and resilience in adverse circumstances.
Preliminary results show that industry sales will reach $214.1 billion in 2009, a record for the sixth straight year. This figure represents an increase of more than four percent over sales of $205.7 billion in 2008. Military aircraft led 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 lingering economic turmoil. Aerospace trade also showed signs of weakening in 2009. Nevertheless, the trade surplus remained a very healthy $54 billion, the largest of any manufacturing sector and a very positive contribution to the nation's overall trade balance.
The outlook for 2010 remains positive, with sales estimated to improve very modestly to $214.4 billion. As we move past 2010, the weakened economy is likely to catch up with the aerospace industry. Even so, all signs are that the dip in this particular cycle should neither be long nor deep.
This time will be different than previous down cycles. A resilient industry, the entry of Boeing's 787 into the marketplace, strong demand for single-aisle aircraft and expected military recapitalization and modernization all augur well in the out-years.
The U.S. aerospace industry provides great benefits to our economy. It is responsible for more than two million middleclass jobs and draws from more than 30,000 suppliers in all 50 states. The industry helps keep our nation secure, creates advanced technology innovation and makes air travel and space exploration possible.
In a time of great challenge, the industry we represent - civil aviation, national security and space - is a bulwark of our democracy.
Since our founding in 1919, AIA has been at the epicenter of the aerospace industry and nothing could be truer today. We are helping our nearly 300 members weather this period of transition, as well as expanding our portfolio into cyber- and homeland security.
In addition to the information included here, AIA regularly releases updated statistical data. For more aerospace industry information and other useful resources, visit us online at aia-aerospace.org.