AIA Warns 2013 Aerospace And Defense Outlook Threatened By Fiscal Cliff | 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

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

Fri, Dec 07, 2012

AIA Warns 2013 Aerospace And Defense Outlook Threatened By Fiscal Cliff

Remarks Come During Blakey Speech To Association's Annual Year-End Luncheon

Warning that "we're getting closer to a 'Thelma and Louise' moment, when we careen off into the void," AIA President and CEO Marion C. Blakey told attendees at AIA's Year-end Luncheon Wednesday that "the time for real work, real negotiation and a real solution" to sequestration "is now." Blakey devoted most of her remarks to 300 members of the news media and industry at the association's 48th annual Year-end Luncheon to the need for a solution to sequestration. She pointed out that it is extremely difficult to forecast next year's outlook for the aerospace and defense industry, given the cloud of fiscal cliff uncertainties.

Blakey (pictured)  said although the 2012 numbers for the aerospace and defense industry "remain encouraging despite the headwinds, it is far too easy to conclude that the companies, workers and communities that comprise this industry can withstand anything; that they can adapt to any change, no matter how sudden or harmful."

2012 aerospace and defense industry sales are projected to increase by 3.8 percent from $210.8 billion in 2011 to $217.9 billion, Blakey reported.  The sales increase, along with a healthy expansion of aerospace and defense exports from $85.3 billion in 2011 to an estimated $95.5 billion in 2012, is largely due to strong civil aircraft sales, Blakey noted. The industry's positive trade balance rose from $55.8 billion in 2011 to an estimated $63.5 billion in 2012, the largest trade surplus of any manufacturing industry. 

On the jobs front, aerospace employment increased modestly this year from around 625,000 at the end of 2011 to more than 629,000 in the last quarter of 2012, despite layoffs in some facilities supporting military programs – reflecting the increased output of the industry, particularly in the civil aircraft sector. However, the specter of sequestration cuts could significantly impact the defense, civil space and civil aviation workforce, Blakey observed.

Sequestration's impact on jobs feeds into larger national security concerns – concerns that will linger even if a deal is reached on the fiscal cliff. "Call it, the 'day after' effect of sequestration, or, if you'd prefer, the 'sequestration hangover,' " Blakey said. "What message did sequestration telegraph to the world about our country, our commitment to national security, our commitment to economic prosperity and our commitment to the next generation of defense and aerospace innovation?"

"The fact that the world's arsenal of democracy has been relegated to the status of political bargaining chip is difficult to fathom," Blakey continued. "But I am even more concerned about the long-term consequences for our country's leadership position in terms of global security, technology and economic strength."

Looking ahead to 2013, Blakey said notwithstanding sequestration, "we have a lot of work to do to ensure the long-term health of our industry.  Blakey said among the association's top policy priorities for next year are promoting the following: implementation of NextGen, export control reform, extension of the R&D tax credit, focused investment in defense procurement and R&D, and progress on NASA's human space exploration strategy.  

"But first, in the short term, we must avoid the fiscal cliff," said Blakey.  A combination of "bipartisanship, collaboration and a finding of common ground" presents the "best chance we have for smartly addressing our country's current fiscal situation, and for confronting our long-term economic and defense challenges."

FMI: www.aia-aerospace.org

Advertisement

More News

AutoGyro Introduces Type Certified Gyroplanes In The U.S.

Two Versions Of The Calidus Gyroplane FAA Approved The FAA has type-certified two versions of the German-built Calidus Gyroplane after the recent completion of conformity testing c>[...]

SPA Introduces Their 3.3 Liter Corvair Conversion

'Engine In Box' Option Allows Quicker Competition Times For Builders In the North Aircraft display area, Dan and Rachel Weseman of Sport Performance Aviation LLC debuted their late>[...]

Avidyne Makes Innovative Use Of IFD Series With iPads

Provide Interesting Big Glass Solutions For Both Forward Fit And Retrofit Avidyne is showcasing some innovative ‘Big Glass’ configurations in their booth at Oshkosh thi>[...]

Wipaire Helps ANN Make AirVenture Coverage Happen!

Wipaire Is A Leading Aircraft Service Provider, and the Holder Of Over 100 STCs For over 55 years, Wipaire has been engineering and manufacturing a full line of aircraft floats for>[...]

Airborne 07.26.16-Oshkosh Day 2: Solar Impulse, Sun Flyer, Stemme S-12

Also: AEA $$Giveaway$$, LAM Aviation, Able Flight, Jack Pelton On Aero-Medical Reform We start our report this morning with something that has very little to do with the EAA AirVen>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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