Embry-Riddle Study Predicts Rebound for US Aerospace Industry in 2010 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Sun, Feb 07, 2010

Embry-Riddle Study Predicts Rebound for US Aerospace Industry in 2010

University Plans Aviation & Aerospace Manufacturing Summit in Orlando

A new study by the Center for Aviation and Aerospace Leadership (CAAL) at Embry-Riddle Aeronautical University (ERAU) - Worldwide predicts that the aerospace industry will recover in 2010 – and the rate of recovery could be relatively quick. In fact, the the Aerospace Economic Report and Outlook for 2010 (the AERO 2010 Report), goes even further by suggesting that the recovery in aerospace manufacturing may help lead the U.S. economy out of the recession.

"It may take some time to return to the pre-recession levels of output and employment in our economy, but we anticipate that the rate of growth in aerospace manufacturing will be better than other sectors," said Dr. Saul "Sonny" Barr, a senior aerospace economist at CAAL and primary author of the study.

 
File Photo: manufacturing facility

However, the study also revealed a subtle but ominous trend. More specifically, the data indicates that there is a strong long-term trend toward the importation of aerospace components and parts. Even though the United States continues to lead the world in the export of assembled aircraft, it is clear that a growing percentage of the components that go into the assembled aircraft are being produced overseas.

"The vast network of U.S. manufacturers that are so critical to the production and support of both civilian and military aerospace products may be at risk if this trend continues," said retired Air Force Brig. Gen. Robert Mansfield, an aerospace executive in residence at Embry-Riddle Worldwide and co-author of the study.

 
File Photo: military aerospace hardware

Dr. Robert Materna, director of CAAL, echoed Brig. Gen. Mansfield’s concern and notes that the U.S. aerospace industry is unique because it plays a critical role in our economy as well as our national defense.

The results of this study, as well as other aerospace manufacturing topics, will be discussed at Embry-Riddle’s first Aviation and Aerospace Manufacturing Summit, to be held Feb. 22-24, 2010, at the Walt Disney World Swan and Dolphin Resort in Orlando, FL.

FMI: http://worldwide.erau.edu

Advertisement

More News

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and this WILL be our best April 1st Edition yet. Based on >[...]

Daher Salutes The Service Entry Of Asia’s First TBM 930 Very Fast Turboprop

New Owner Upgrades From A TBM 850 Daher has announced the service entry of the initial TBM 930 based in Asia. It was delivered in December to Anutin Charnvirakul, who previously ow>[...]

Airborne 02.23.17: Sonaca 200, Yuneec H920 Plus, SpaceX Delays Mars Mission

Also: NextGen Blimps, AEA/HAI Coverage, L-39 Suit, Drone User Group, Red Arrows Pilot Inquest, 2nd T-50A, Steve Fossett Honored Sonaca Aircraft is getting ready to start certificat>[...]

Airborne 02.22.17: CAF Dixie Wing P-63A, AF1 Price Cut, SLS Manned Flt?

Also: Drone Light Show, Remotely Piloted Helos, TFR Busts, Gulfstream, XTI Aircraft, CA Airlines, Icelandair After more than 40 years since it’s last flight, the Commemorativ>[...]

Airborne 02.23.17: Sonaca 200, Yuneec H920 Plus, SpaceX Delays Mars Mission

Also: NextGen Blimps, AEA/HAI Coverage, L-39 Suit, Drone User Group, Red Arrows Pilot Inquest, 2nd T-50A, Steve Fossett Honored Sonaca Aircraft is getting ready to start certificat>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC