|
 The Aerospace Industries Association forecast sales of $232.1
billion in 2014. That is up from $220.1 billion this year, which in
turn will be down slightly from $222 billion in 2012.
Civil aircraft sales are seen rising to $72.1 billion in 2014, up
from $67.0 billion this year.
U.S. aerospace exports grew by $12.5 billion this year, resulting in
a $73.5 billion favorable balance of trade for the industry, up from
$65.7 billion in 2012, the AIA said in its annual report. Export
growth is forecast for the next several years due to a large backlog
of civil aircraft orders.
Industry employment is forecast to have declined by 13,000 jobs to a
total of 618,200 employees.
U.S. budget cuts, including the across-the-board cutbacks known as
sequestration, are "clearly hurting our industry's skilled and
professional workforce and ultimately may stifle U.S. global
competitiveness," the group said.
[to top of second column] |
The association said its major concern is erosion of the industry
through further federal budget cuts called for through 2021 — about
$1.2 trillion in deficit reduction, of which $500 billion would be
absorbed by defense spending.
(Reporting by Jackie Frank; editing by Ros Krasny and Jan Paschal)
[© 2013 Thomson Reuters. All rights
reserved.] Copyright 2013 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
