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: Singapore Airshow Demonstrates Value of TPP

Singapore — The Aerospace Industries Association participated in the ribbon cutting ceremony for the U.S. International Pavilion at the Singapore Airshow today as a symbolic gesture signifying the commitment of the U.S. Aerospace and Defense industry to increasing international trade and partnerships with America’s friends and allies in the Asia-Pacific region.

ON EVE OF SINGAPORE AIRSHOW 2016, U.S. PUBLIC AND PRIVATE SECTORS SHARPEN FOCUS ON AEROSPACE/DEFENSE

SINGAPORE — Against the backdrop of a newly forged regional trade policy, expanding Pacific defense and security relationships, and the 50th anniversary this year of formalized diplomatic relations between the United States and Singapore, American government officials and business executives meeting before the start of the biennial airshow here expressed their shared commitment to promote a level playing field for greater U.S. aerospace and defense industry investment in the Asia-Pacific region.

AIA: Congress Should Pass TPP

Arlington, Va. — The Aerospace Industries Association urges Congress to approve the Trans-Pacific Partnership and increase international trade substantially in the Pacific Rim region. Nearly 40 percent of U.S. exports and imports are made with the countries participating in this agreement.

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.