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AIA: Aerospace Sales to Hit 10th Straight Growth Year in 2013; Marion Blakey Comments

AIA: Aerospace Sales to Hit 10th Straight Growth Year in 2013; Marion Blakey Comments - top government contractors - best government contracting event
Marion Blakey
AIA: Aerospace Sales to Hit 10th Straight Growth Year in 2013; Marion Blakey Comments - top government contractors - best government contracting event
Marion Blakey

The aerospace and defense sector could see $217.9 billion in sales for 2012, representing a 3.4 increase from 2011 and marking the 10th straight year of growth in the sector, according to an industry analysis.

The Aerospace Industries Association, a trade group representing several large defense contractors, released its projections Wednesday on both financial and employment figures for the industry during 2012.

Civil aircraft sales will help exports from $85.3 billion in 2011 to around $95.5 billion in 2012, AIA President and CEO Marion Blakey said.

According to the association, Blakey announced the findings at the association's year-end luncheon and said the numbers were encouraging despite the potential impacts of sequestration on the sector.

Positive trade balance grew from $55.8 billion in 2011 to around $63.5 billion in 2012, the AIA said.

Aerospace employment grew from 625,000 at the end of 2011 to more than 629,000 in the last quarter of 2012, according to the association.

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Written by Ross Wilkers

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