The US Aerospace Industry: A Manufacturing Powerhouse

Maksim Soshkin ()
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Maksim Soshkin: IBIS World

Business Economics, 2016, vol. 51, issue 3, No 9, 166-180

Abstract: Abstract Aerospace manufacturing is one of the few manufacturing industries where the U.S. still holds a dominant position, possessing a significant competitive advantage over other nations. The industry is a source of well-paid jobs and maintains a large trade surplus. Aerospace manufacturers are highly dependent on sales to airlines and the government, especially the U.S. military. Growing global demand for air travel and volatile fuel prices have led to a surge in demand for new commercial aircraft, causing a surge in commercial aerospace sales. On the other hand, military and overall government spending cuts have caused the industry’s defense and space segment sales to fall. The dichotomy of the industry’s various segments does not only come down to performance, with each segment differing from the other in trade, innovation, competition, and consolidation trends.

Keywords: aerospace; defense; manufacturing; trade; government spending (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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DOI: 10.1057/s11369-016-0008-y

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