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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.19.16

Airborne 05.20.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.19.16

Airborne 05.20.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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

Icon Controversy Continues, But Icon Has Yet To Speak Up

The Company That Won't Answer Questions, May Finally Have To Do So ANN has been bombarded with info and reports concerning the health and well-being of the Icon Aircraft program...>[...]

Airborne 05.24.16: Cessna S/E Turbo-Prop, GE’s H75 Turboprop, Sonex B-Models

Also: B-29 Doc Airworthy, Aero-Calendar, Charles Taylor, Boeing-Vietjet, Flexjet Buy, Indian Mini-Shuttle, 777X Composite Wing Center Textron Aviation has finally revealed further >[...]

AeroSports Update: EAA AirVenture – What To Do…Where To Go?

Make The ‘EAA Four Corners’ Your First Stop At EAA AirVenture Oshkosh 2016 Even for those of us who have attended EAA AirVenture many times, when you first walk onto th>[...]

ANN's Daily Aero-Linx (05.25.16)

The Medallion Foundation The Medallion Foundation, a non-profit aviation safety organization, embraces mentors and advocates for all aspects of aviation: Student pilots to airline >[...]

ANN's Daily Aero-Term (05.25.16): Resolution Advisory

A display indication given to the pilot by the traffic alert and collision avoidance systems (TCAS II) recommending a maneuver to increase vertical separation relative to an intrud>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC