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 04.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.23.14 **
** Airborne 04.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.21.14 **
** Airborne 04.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.18.14 **

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

Luftwaffe Ju 52 Discovered On The Bottom Of The Black Sea

Plane Disappeared 67 Years Ago On Transport Mission To The Eastern Front A plane missing since 1942 has been discovered in about 75 feet of water in the Black Sea has been identifi>[...]

AD: British Aerospace Regional Aircraft Airplanes

AD NUMBER: 2014-07-09 PRODUCT: British Aerospace Regional Aircraft Jetstream Series 3101 and Jetstream Model 3201 airplanes.>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-08-04 PRODUCT: Certain Airbus Model A310 series airplanes.>[...]

ANN's Daily Aero-Linx (04.24.14)

South Bay Soaring Society The South Bay Soaring Society (SBSS) is a non-profit radio controlled glider club based in San Jose, CA. They have flying sites in San Jose, Santa Clara, >[...]

ANN's Daily Aero-Term (04.24.14): Dew Point (Abbrev. DWPT)

A measure of atmospheric moisture. It is the temperature to which air must be cooled in order to reach saturation (assuming air pressure and moisture content are constant).>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC