University Plans Aviation & Aerospace Manufacturing Summit
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
"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