The aircraft industry is well positioned to meet the nation' s strategic needs and is growing to meet increased demand fueled by strong U.S. and global economic growth. The overall outlook for the industry is positive. Orders for commercial aircraft are up from a boom in air travel that is likely to continue well into the next decade. Recent increases in defense spending provided a much-needed boost for the rotorcraft and unmanned aerial systems industries; the military fixed-wing sectors are expected to remain profitable as well. The industry is increasingly global and interdependent, and technological innovation and lean business practices are bringing greater efficiencies. Healthy competition exists across the industry. Challenges remain, to include domestic content and export control restrictions, declining aeronautics research, an air traffic management system near full capacity, and a shrinking, aging workforce. Government policy actions are required to address these challenges.
Document information
Aircraft Industry, 2006
2006
28 pages
Report
No indication
English
Aircraft , Domestic Commerce, Marketing, & Economics , Aircraft industry , Control , Global , Industries , Exports , Economics , Airborne , Limitations , Travel , Rotary wing aircraft , Military budgets , Domestic , Personnel , Unmanned , Aeronautics , Growth(General) , Employment , Commercial aircraft , Policies , Commerce
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