Aerospace a strong performer in 2005
Civil aviation experienced the highest percentage growth of all sectors of aerospace sales last year, increasing 20 percent to $39 billion. According to the Aerospace Industries Association (AIA), overall, aerospace sales increased by $14 billion to reach a record industry-wide level of $170 billion last year. AIA’s outlook for this year is solid, calling for 8.2-percent growth, to $184 billion.
AIA will work on several new initiatives this year, including making improvements in the U.S. export control system, which many say is cumbersome and needs streamlining.