The Aerospace Industries Association is pleased to publish the “2018 Facts & Figures: The U.S. Aerospace & Defense Industry,” with the support of IHS Markit, to offer a snapshot into the health of our dynamic industry.
On July 21, 2017, President Trump issued Executive Order 13806, assessing and strengthening the manufacturing and defense industrial base and supply chain resiliency of the United States. The Executive Order recognizes “the ability of the United States to maintain readiness, and to surge in response to an emergency, directly relates to the capacity, capabilities and resiliency of our manufacturing and defense industrial base and supply chains.”
American forces have been at war for more than 15 years. Combined with spending constraints imposed by the Budget Control Act of 2011 (BCA), our armed forces – and our industry – have come under significant strain.
In the wake of an uneven global economic recovery, countries are competing in an unprecedented race to create jobs and stimulate economic growth through increased exports. In this competition, not all countries abide by the same set of rules that the United States follows to support their companies’ exports.
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