AIA: Report Highlights Positive Economic Impact of Aerospace and Defense Industry

Arlington, Va. — The American aerospace and defense industry is a vital component of the U.S. economy, not solely for the role the industry plays in national security, transportation and technological innovation, but also because its influence spans many sectors and every state countrywide.  This is the conclusion of a new study commissioned by AIA from business information firm IHS Inc. about the industry’s economic impact.

AIA: President’s Budget Request Not Adequate to Meet Pressing National Needs

Arlington, Va. — AIA believes that the President’s Fiscal Year 2017 budget request does not provide the funding we need to ensure safe air transportation, make America more secure, promote space exploration, and ensure a vibrant and innovative industrial base. If this budget is adopted, we will fail to address the serious mismatch between our resources and the new threats and challenges our nation faces today.

Significant Progress in 2015 for Aerospace and Defense Manufacturers

Arlington, Va. – The aerospace and defense industry had a strong year in 2015, achieving a number of its top priorities. Despite a lengthy delay, the Export-Import Bank of the United States was reauthorized for four years; significant relief from the budget caps imposed under the Budget Control Act of 2011 was achieved for 2016 and 2017 with passage of the Bipartisan Budget Act of 2015; and there are hopeful signs that a year-long omnibus with an extension of the R&D Tax Credit will pass shortly.

AIA: Congress Must Pass Full Appropriation

Arlington, Va. — AIA calls on Congress to pass an omnibus appropriations bill in early December that would avoid the specter of a year-long continuing resolution. The Bipartisan Budget Act of 2015 provides badly-needed funds and a measure of stability across all government agencies for the next two years.  Congress should follow the dictates of the budget deal they negotiated less than two months ago and pass a full-year appropriations bill for fiscal year 2016.

AIA: House Passage of Budget Deal Good for America

Statement by Aerospace Industries Association President and CEO David F. Melcher on the two-year budget deal passing in the House.

Arlington, Va. — AIA is relieved and thankful that the House has passed legislation lifting the Budget Control Act (BCA) caps for fiscal years 2016 and 2017.  The deal provides an additional $50 billion for base defense spending over the next two years and substantial increases in Overseas Contingency Operations funding.  These are significant increases providing badly-needed funds and some measure of stability to the Department of Defense for the next two years.