ye analysis
TRANSCRIPT
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The U.S. aerospace industry booked a relatively strong
performance in 2011, remaining one of the most signicant
contributors to the national economy. Despite persistently
sluggish market conditions around the globe, annual sales are
expected to top $218 billion in 2011, marking the eighth
consecutive year of growth. The industrys robust workforce also
points to the vital role played by aerospace in the U.S. economy.
Directly and indirectly, aerospace employs more than two million
Americans. Strong aircraft orders and the rollout of major newproducts have contributed greatly to the industrys performance.
At years end, annual sales are expected to be up across the
board in 2011. Civil and military aircraft, missiles and the space
sector are all expected to top their respective 2010 totals.
Given that the demand for aftermarket products and services
is closely tied to upstream market conditions, the U.S. aircraft
maintenance, repair and overhaul (MRO) sector also experienced
somewhat of a resurgence in 2011, capturing a signicant share
of the nearly $50 billion global MRO market. Absent a major
economic downturn, the U.S. MRO market is expected to regis-
ter a 3.8 percent compound annual growth rate (CAGR) over the
next ve years.
2011YEAR-END REVIEWAND FORECAST
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After a disappointing 2010, the U.S. civil aircraft sector
returned to a growth position. U.S. civil aircraft sales
are expected to total $49.7 billion in 2011, a 3.2 percent
annual increase. Looking forward, the sector is likely to
grow at a CAGR of some 3.4 percent during 2011-2013.
Orders for civil aircraft are expected to rise sharply in
2011, reaching nearly $107 billion, a gain of 23 percent.
The amount is far below the recent high of $224 billion in2007, but is well ahead of the 2009 low of $23 billion.
Industry drivers in 2011 include several factors that have
inuenced the market for a number of years, such as the
aging U.S. regional jet eet and a growing demand for
fuel-efcient aircraft that has been driven by persistently
high and variable fuel prices. The introduction of new
aircraft has also created demand in the commercial
segment.
The U.S. large commercial aircraft market continues
to ramp up at a respectable pace, yet sagging airline
demand in the U.S. and Europe means that manufactur-
ers will necessarily depend more heavily on exports to
Asia, the Mideast, and other fast-growth markets. The
U.S. civil industry will be lifted as Boeing ramps up 787
and 747-8 production, now that the two new aircraft have
entered into service over the past few months.
The key market driver in 2012 will be the price of fuel.
High fuel prices create demand for new fuel-efcient
aircraft, while at the same time eroding airlines ability
to purchase new planes. This situation places renewed
emphasis on developing commercially viable alternativefuels, which could potentially dampen the volatility of fuel
costs faced by operators while lessening the global airline
industrys environmental impact. The U.S. is a leader in
alternative aviation fuel research and development, and
U.S. producers have successfully completed test ights
using fuels from a variety of feedstocks and are moving
toward commercial production.
210.6
218.1
217.7
BILLIONS
OF
DOLLARS
50
100
150
200
250
201
2(E)
2011(P)
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
Aerospace Industry Sales
Civil Aircraft
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$199.5$208.9 $210.6 $218.1 $217.7
50
100
150
200
250
2012(E)2011(P)201020092008
$30.2
$43.2
$23.2
$54.7
$48.2
$29.4
$45.0
$24.2
$58.9
$51.3
$29.7
$45.3
$25.1
$62.4
$48.2
$30.0
$46.4
$25.6
$66.5
$49.7
$30.6
$45.1
$25.1
$65.1
$51.7
KEYRelated Products& Services
Space
Missiles
Military Aircraft
Civil Aircraft
BILLIONS
OF
DOLLARS
Aerospace Industry Sales By Product Group
The U.S. military aircraft sector expanded by nearly 6.7
percent over last year, with sales estimated at $66.51
billion. The Department of Defense ordered more F/A-18
E/F Hornets and V-22s for the Navy and Marine Corps.
Future sales also look promising, as exemplied by the
$35 billion contract awarded to Boeing to build 179 KC-
46A refueling tankers.
While 2011 was a strong year for military aircraft,
domestic purchases are expected to decline in the
coming years due to federal decit reduction measures.
These measures are likely to become even more
signicant factors as much of the U.S. military aircraft
eet nears maximum service-life limits. Anecdotally,
ground crews have pointed out that todays pilots
are now ying the exact same equipment as did their
fathers. The recent grounding of several combat wings
due to equipment stress is impacting U.S. combat
readiness. The current U.S. Air Force eet, whose
planes are on average more than 23 years old, is the
oldest in USAF history. Many transport aircraft and aerial
refueling tankers are more than 40 years old, and it isexpected that some may reach the 70-80 year mark
before they are nally retired.
As the U.S. increasingly seeks foreign buyers of military
aircraft, it faces competition from other nations that are
targeting the same opportunities. A case in point is the
The U.S. civil rotorcraft market is diverse, with the bulk of
new deliveries coming from mature production lines. The
market encompasses emergency medical service (EMS)
providers, offshore oil and gas exploration, and law en-
forcement applications. Following two years of signicant
decreases in sales, U.S. civil helicopter shipments are
expected to increase to 454 aircraft in 2011, representing
an annual increase of 5.3 percent. This upward trajectory
is expected to continue into 2012 as demand deferred
during the economic downturn reaches the market.
Military Aircraft
4
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The U.S. aerospace industry continued to show
reasonable international strength in 2011 despite the
lingering effects of the global economic downturn. In
2011, the industry contributed $87 billion in export salesto the domestic economy. The industrys positive trade
balance of $57.4 billion places aerospace in the lead,
representing the largest positive trade balance of any
manufacturing industry.
U.S. aerospace exports are expected to increase to
nearly $90 billion in 2011, up 12 percent after falling for
two years. The increase is due primarily to strengthened
civil exports, which are expected to grow by 14 percent
in 2011, reaching nearly $77 billion. U.S. aerospace
imports are also expected to increase in 2011, driven
primarily by increased purchases of foreign aircraft
engines and engine parts. Overall, aerospace-related
imports are expected to reach $29.6 billion, an increase
of 12 percent.
In recent years, Near- and Middle Eastern governments
have steadily increased purchases of U.S. military
aircraft. Most recently, the sale of 24 refurbished F16-C/
Ds to Indonesia, along with the possibility of other sales,
came out in President Obamas announcement that the
U.S. will expand its military ties in Southeast Asia. As
tensions rise with Iran and Syria, the UAE has stepped up
purchases to secure its borders and maintain the abil-
ity to deliver its recent $304 million purchase of bunkerbusting weapons in response to Irans nuclear program.
Additionally, Saudi Arabia bought 85 F-15E ghter jets
valued at $29.4 billion and the Iraqi government has
agreed to purchase 18 U.S. F-16 ghters, worth about $3
billion.
Trade
20
40
60
80
00
Imports
Exports
Surplus
2011
(P)
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
2011 EXPORTS
87.0
2011 SURPLUS
57.4
2011 IMPORTS
29.6
2007 PEAK60.6
2007 PEAK97.2
BILLIONS
OF
DOLLARS
Aerospace Foreign Trade
recent India ghter competition. That the U.S. entrants
failed to win the competition is a sure sign of how
effective competitors in this market can be.
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This year has been a particularly challenging one for the
U.S. space industry. Developments in 2011 that have
directly impacted the industry include: retirement of
the space shuttle, which caused the loss of thousands
of high-tech industry jobs; the near cancellation of the
James Webb Space Telescope; and reductions in NOAA
polar orbiting weather satellites and national security
space programs. Despite these roadblocks, there were
some bright spots including an agreement on a way for-
ward for an important new NASA exploration initiative, the
Space Launch System, which will develop a new launch
system to enable human exploration beyond Earth orbit.
Space
Budget cuts will continue to menace the U.S. space in-
dustrial base, and an anticipated increase in competition
from Indian, Chinese and Russian space programs will
exacerbate the situation. Likely impacting U.S. industrys
competitive stance is the U.S. governments increasing
dependence on commercial systems to enhance U.S.
space programs and launch capabilities, fostering new
opportunities for the private sector.
BILLIONS
OF
DOLLARS
100
200
300
400
500
600Backlog
Orders
2008 Peak
515.0
2007 Peak
316.4
ORDERS
204.8
SHIPMENTS
184.2
BACKLOG
462.7Shipments
2010
2011
(P)
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
Aerospace Shipments, Orders and Backlog
As in 2010, 2011 proved to be a challenging year for
general aviation. Lingering effects of the nancial crisis
of 2008 and the European banking crisis continue to
General Aviation
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Aerospace employment is likely to register a slight in-
crease in 2011, as the hardest-hit sectors of the industry
nd rmer footing. Total year-end employment is
expected to be 624,400, up from 624,000. According
to a recent study by the U.S. Department of Commerce,
aerospace supports more jobs through exports than any
other industry. The U.S. aerospace industry directly em-
ploys about 500,000 workers in scientic and technicaljobs across the nation and supports more than 700,000
additional jobs in related elds.
Employment
2011 Total:
624.4
KEY
EM
PLOYEES
(THOUSANDS)
100
200
300
400
500
600
700
800
Search, Detection & Navigation Instruments
Guided Missiles, Space Vehicles & Parts
Aircraft, Engines and Parts
2011
(P)
201
0
200
9
200
8
2007
200
6
2005
200
4
200
3
200
2
200
1
200
0
199
9
199
8
1997
199
6
1995
199
4
141
71
412
Aerospace Employment
restrict nancing for the sector. Further, several initiatives
are under consideration that are tied to new taxes and
increased regulations that may limit the sectors growth.
However, bright spots do exist, including a strong de-
mand for new equipment by regional airlines operating in
developing airline service markets.
As private air travel becomes more commonplace, larger
business jet aircraft are leading market sales within the
sector, particularly in Southeast Asia. China represents
another growing market, and it has been estimated that
by the end of the decade the nation will account for 20
percent of global business jet deliveries, up from todays
7 percent. Light and medium business jets remain an
area of concern, with a three-year downturn threatening
to extend into 2012, and deliveries depressed for several
key U.S. companies.
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Looking forward to 2012, aspects for growth are positive
in commercial aerospace and neutral in the defense
sector. That said, both the commercial and military
sectors remain vulnerable to numerous variables that are
capable of overturning current expectations and trends.
A mounting sense of urgency to address high levels of
decit spending by the U.S. is expected to induce cuts
to the U.S. defense budget. However, rising commer-cial aircraft sales (up 7.5 percent year-over-year through
September 2011) could offset these drags on the market
and may spur the commercial aviation sector to increase
capital spending on new equipment.
Volatile fuel prices continue to spur world airlines to re-
place older, less fuel-efcient aircraft with newer models.
This demand, combined with rapid growth in air travel in
Asia and the Middle East, continues to feed a growing
demand for new aircraft. Moreover, the global air trafc
market is expected to increase annually at a rate of 4.9
percent over the next 20 years, considerably higher than
the global GDP growth rate. Consequently, in order to
keep pace with the growing demand for air travel, esti-
mates predict that by the end of 2029, the worlds airlines
will take delivery of 29,000 commercial aircraft with a total
value of $3.2 trillion.
Order books at Boeing and Airbus contain six to seven
years of commercial aircraft production at current levels.
Both companies have announced signicant produc-
tion rate increases that began late last year and stretch
through 2014. It is expected that the business jet market,
which has been battered both by difcult market condi-
tions and political headwinds, will improve modestly in
2012. The aftermarket parts and service business for
business jets and large commercial airplanes is staging
a solid recovery, driven by increased ight hours for both
categories.
As for the defense segment, both the FY2012 base and
supplementary (OCO) defense budgets authorize
funding for aerospace and defense procurement at
increasing rates. In addition, the aging of conventional
military equipment such as planes, ships and tanks
necessitates equipment replacement and repair. Howev-
er, the magnitude of cuts to global defense budgets is still
uncertain as the U.S. Congress and national legislatures
around the world attempt to reduce decits and overall
governmental spending. While the U.S. defense industry
remains very concerned about potential budget cuts,
2011 deliveries reect the strength of previous years
budgets.
While outlays are currently positive for military xed-wing
aircraft and rotorcraft programs, funding for new program
starts is highly uncertain. Missile and munition demand
also looks vulnerable, as weapons stockpiles are oftencut rst when combat operations and defense budgets
trend downward.
In space, the market continues on a reasonable plateau,
driven by ongoing satellite replenishment and launch
services demand. While cuts to NASAs FY2012 budget
will have a negative impact, they were less severe than
those advocated by some policymakers.
The U.S. aerospace industry continues to providesignicant contributions to the countrys economy and
provides capabilities vital for national security. With
employees in every state of the union, it generates the
highest positive trade balance of any U.S. manufactur-
ing sector. This is particularly relevant given the na-
tions challenges of high unemployment, a stagnating
economy and a crippling national decit. AIAs 2011
Year-End Review and 2012 Forecast reports increases
in almost every category from civil aviation to space.
In the years following 2012 our industry will face signi-
cant challenges, particularly in the defense sector, as
the government seeks solutions to an ongoing budget
crisis. Our position has been rmly established we will
continue to educate the public and elected ofcials on the
need to maintain an aerospace industry that is Second to
None in the world.
Summary and Outlook
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Year Total Civil Military Missiles Space
Current Dollars (Billions)
2001 $151.63 $86.47 $51.26 $35.22 $10.39 $29.50 $25.27
2002 152.35 79.49 41.34 38.15 12.85 34.62 25.39
2003 146.03 72.84 32.44 40.40 13.49 35.86 23.84
2004 156.48 79.13 32.52 46.61 17.46 35.70 24.20
2005 167.13 86.66 37.16 49.50 18.44 36.66 25.36
2006 182.58 98.28 45.85 52.44 20.26 37.56 26.48
2007 196.53 105.60 52.55 53.05 21.98 39.90 29.06
2008 199.49 102.90 48.18 54.71 23.20 43.22 30.18
2009 208.87 110.18 51.30 58.88 24.22 45.04 29.442010 210.55 110.51 48.16 62.35 25.06 45.30 29.68
2011(P) 218.08 116.19 49.68 66.51 25.57 46.36 29.96
2012(E) 217.65 116.75 51.71 65.05 25.12 45.14 30.63
Constant Dollarsa (Billions)
2001 $147.73 $84.25 $49.94 $34.31 $10.12 $28.74 $24.62
2002 145.98 76.16 39.61 36.55 12.31 33.18 24.33
2003 136.34 68.01 30.29 37.72 12.59 33.48 22.26
2004 141.76 71.68 29.46 42.22 15.81 32.34 21.93
2005 145.83 75.62 32.43 43.19 16.09 31.99 22.13
2006 153.78 82.78 38.62 44.16 17.06 31.63 22.302007 160.54 86.26 42.93 43.33 17.95 32.59 23.74
2008 157.13 81.04 37.95 43.09 18.28 34.04 23.77
2009 160.58 84.70 39.44 45.27 18.62 34.63 22.63
2010 159.91 83.93 36.58 47.35 19.03 34.41 22.54
2011(P) 162.57 86.62 37.04 49.58 19.06 34.56 22.33
2012(E) 159.59 85.61 37.91 47.69 18.42 33.10 22.46
Source: Aerospace Industries Association (AIA), based on company reports; The Budget of the United States Government,
National Aeronautics and Space Administration (NASA), U.S. Department of Commerce, and Department of Defense.
a. Based on AIAs aerospace composite price deator, (2000=100).E. Estimate.
P. Preliminary.
Table I Aerospace Industry Sales by Product GroupCalendarYears20
01-2012
TotalSales
AIRCRAFTRelated
Products &Services
0
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Year
Current Dollars (Billions)
2001 $151.63 $126.36 $49.98 $14.48 $61.90 $25.27
2002 152.35 126.96 57.40 16.39 53.17 25.39
2003 146.03 122.19 64.16 16.52 41.51 23.84
2004 156.48 132.28 73.27 16.98 42.04 24.20
2005a 167.13 141.76 77.83 17.25 46.68 25.36
2006 182.58 156.10 79.78 17.22 59.10 26.48
2007 196.53 167.47 84.34 17.80 65.33 29.06
2008 199.49 169.32 89.23 19.51 60.58 30.18
2009 208.87 179.43 96.67 20.81 61.95 29.442010 210.55 180.87 101.45 21.10 58.33 29.68
2011(P) 218.08 188.12 107.64 21.17 59.30 29.96
2012(E) 217.65 187.02 105.38 20.13 61.51 30.63
Constant Dollarsa (Billions)
2001 $147.73 $123.11 $48.69 $14.11 $60.31 $24.62
2002 145.98 121.65 55.00 15.70 50.95 24.33
2003 136.34 114.08 59.90 15.43 38.76 22.26
2004 141.76 119.84 66.37 15.38 38.08 21.93
2005a 145.83 123.70 67.91 15.05 40.73 22.13
2006 153.78 131.48 67.19 14.51 49.78 22.302007 160.54 136.80 68.90 14.54 53.37 23.74
2008 157.13 133.36 70.28 15.36 47.72 23.77
2009 160.58 137.95 74.32 16.00 47.63 22.63
2010 159.91 137.37 77.05 16.02 44.30 22.54
2011(P) 162.57 140.24 80.25 15.78 44.21 22.33
2012(E) 159.59 137.13 77.27 14.76 45.10 22.46
Source: Aerospace Industries Association (AIA), based on company reports; The Budget of the United States Government,
National Aeronautics and Space Administration (NASA), U.S. Department of Commerce, and Department of Defense.
a. Beginning in 2005, NASA sales were reported separately from other agencies.b. Based on AIAs aerospace composite price deator, (2000=100).
E. Estimate.
P. Preliminary.
Table IIAerospace Industry Sales by CustomerCalendarYears20
01-2012
TotalSales
AEROSPACE PRODUCTS AND SERVICES
RelatedProducts &
Services
OtherCustomers
NASA& Other
Agencies
Departmentof Defense
Total
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Year Shipments Orders Backlog
1992 $137,114 $118,369 $220,233
1993 123,850 100,815 197,198
1994 112,511 98,621 183,308
1995 110,928 115,279 187,659
1996 110,840 134,142 210,961
1997 132,787 143,071 221,245
1998 150,077 138,407 209,575
1999 152,728 140,329 197,176
2000 144,740 165,994 218,430
2001 153,571 146,444 211,3032002 140,889 132,271 202,685
2003 135,955 137,455 204,185
2004 145,305 152,437 211,317
2005 152,081 214,099 273,335
2006 165,652 248,546 356,229
2007 202,723 316,361 469,867
2008 211,943 257,096 515,020
2009 207,585 126,226 433,661
2010 187,909 196,324 442,076
2011(P) 184,158 204,809 462,727
Source: U.S. Census Bureau, Manufacturers Shipments, Inventories, and Orders and AIA estimates.
Notes: Not seasonally adjusted; includes aircraft engine and parts manufacturing.
Includes both Civil and Defense Data
P. Preliminary.
Table III Shipments, Orders and Backlog:Aircraft & Parts and Search & Navigation EquipmentA
s
ofEnd-of-Year1992-2011
2
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2007 2008 2009 2010 2011a
TOTAL BACKLOG:
Number of Aircraft 3,427 3,714 3,375 3,443 3,520
Value (in millions) $270,728 $296,217 $263,129 $265,553 $282,881
Boeing:
B-737 2,076 2,270 2,076 2,186 2,215
B-747 125 114 108 107 111
B-767 52 70 59 50 49
B-777 357 350 281 253 325
B-787 817 910 851 847 820
Foreign Order Backlog
Percent of Total Backlog:
Number of Aircraft 75.3% 77.8% 79.5% 77.8% 71.6%
Value 78.8% 81.1% 82.9% 81.6% 76.7%
Number of Aircraft 2,581 2,891 2,682 2,679 2,519
Value (in millions $213,418 $240,092 $218,208 $216,701 $217,018
Boeing:
B-737 1,493 1,703 1,605 1,643 1,460
B-747 101 97 94 95 100
B-767 24 42 34 30 30
B-777 284 271 230 221 266
B-787 679 778 719 690 663
Domestic Order Backlog
Percent of Total Backlog:
Number of Aircraft 24.7% 22.2% 20.5% 22.2% 28.4%
Value 21.2% 18.9% 17.1% 18.4% 23.3%
Number of Aircraft 846 823 693 764 1,001
Value (in millions) $57,310 $56,124 $44,921 $48,852 $65,863
Boeing:
B-737 583 567 471 543 755
B-747 24 17 14 12 11
B-767 28 28 25 20 19
B-777 73 79 51 32 59
B-787 138 132 132 157 157
Source: Aerospace Industries Association, based on company reports.
a. As of end of third quarter.
Table IVU.S. Civil Transport Aircraft BacklogCalendarYears20
07-2011
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Year TOTAL
Number of Aircraft Shipped
2001 3,575 526 415 2,634
2002 2,904 379 318 2,207
2003 2,935 281 517 2,137
2004 3,445 285 805 2,355
2005 4,094 290 947 2,857
2006 4,443 398 898 3,147
2007 4,729 441 1,009 3,279
2008 4,538 375 1,084 3,0792009 2,630 481 564 1,585
2010 2,227 462 431 1,334
2011(P) 2,065 471 454 1,140
2012(E) 2,132 490 486 1,156
Value (millions of dollars)
2001 $43,043 $34,155 $247 $8,641
2002 35,450 27,574 157 7,719
2003 27,833 21,033 366 6,434
2004 27,815 20,484 515 6,816
2005 31,424 21,941 816 8,667
2006 37,085 25,875 843 10,367
2007 42,431 29,160 1,330 11,941
2008 38,910 24,076 1,486 13,348
2009 39,884 29,695 1,107 9,082
2010 36,217 27,350 992 7,875
2011(P) 37,211 28,783 972 7,456
2012(E) 39,576 30,862 1,043 7,670
Source: Aerospace Industries Association, based on company reports, data from the
General Aviation Manufacturers Association (GAMA) and AIA estimates
E. Estimate.
P. Preliminary.
Table V Civil Aircraft ShipmentsCa
lendarYears20
01-2012
TransportAircraft
Helicopters GeneralAviation
4
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Table VIU.S. Aerospace Balance of TradeCa
lendarYears20
07-2011
2007 2008 2009 2010 2011(P)
BALANCE OF TRADE:
Current Dollars $60,614 $57,389 $56,034 $51,152 $57,410
Constant Dollarsa 49,515 45,201 43,080 38,849 42,798
AEROSPACE EXPORTS:
Current Dollars $97,224 $95,082 $81,166 $77,503 $86,982
Constant Dollarsa 79,421 74,889 62,402 58,863 64,843
AEROSPACE IMPORTS:
Current Dollars $36,610 $37,694 $25,132 $26,351 $29,573
Constant Dollarsa 29,906 29,688 19,322 20,013 22,046
Source:Aerospace Industries Association, based on data from the U.S. Department of Commerce and AIA estimates.
Note:Trade balances may not equal the difference between exports and imports due to rounding.
a. Based on AIAs aerospace composite price deator, (2000=100).
P. Preliminary.
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(Millions of Dollars) 2007 2008 2009 2010 2011(P)
TOTAL IMPORTS $36,610 $37,694 $25,132 $26,351 $29,573
Aircraft $13,296 $12,480 $9,299 $9,041 $9,091
Military 12.3 51.5 0.4 61.7 123.2
Civil 13,284 12,428 9,299 8,979 8,968
Transports 6,916 6,460 4,955 3,258 4,098
General Aviation 4,532 4,066 2,337 2,191 2,553
Helicopters 889 1,143 833 838 862
Othera
947 758 1,173 2,692 1,455
Aircraft Engines 3,880 4,328 3,752 3,799 4,358
Turbine 3,812 4,195 3,616 3,700 4,289
Piston 69 133 136 99 68
Aircraft and Engine Parts 18,528 19,989 11,383 12,498 14,919
Spacecraft, Missiles,
Rockets, and Parts 905 896 698 1,013 1,205
Source: Aerospace Industries Association, based on data from the U.S. Department of Commerce and AIA estimates.
Notes: Import data include non-military aircraft parts and aerospace products previously exported from the United States.
Totals may not equal sum of terms due to rounding.
a. Includes used aircraft, gliders, balloons and airships.
P. Preliminary.
Table VII U.S. Imports of Aerospace ProductsCa
lendarYears20
07-2011
6
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(Millions of Dollars) 2007 2008 2009 2010 2011(P)
TOTAL EXPORTS $97,224 $95,082 $81,166 $77,503 $86,982
TOTAL CIVIL EXPORTS $83,979 $82,264 $70,500 $67,128 $76,689
Complete Aircraft 47,559 42,422 (D) (D) (D)
Transports 40,297 33,326
General Aviation 3,911 4,818
Helicopters 1,117 948
Used Aircraft 2,197 3,284
Other Aircraft 37 46
Aircraft Engines 7,127 8,505
Turbine 6,953 8,334
Piston 174 171
Aircraft & Engine Parts,
Including Spares 28,469 30,777
Missiles, Rockets & Parts 13 25
Spacecraft, Satellites & Parts 811 535
TOTAL MILITARY EXPORTS $13,246 $12,819 $10,666 $10,375 $10,293
Complete Aircraft 4,174 4,520 2,325 1,742 1,622
Transports 789 1,548 276 140 457
Helicopters 791 300 520 832 537
Fighters & Bombers 2,303 1,930 1,208 432 459
Used Aircraft 119 590 93 43 20
Other Aircraft 172 152 228 294 149
Aircraft Engines 414 423 517 357 533
Turbine 277 344 381 271 435Piston 137 80 137 86 98
Aircraft and Engine Parts,
Including Spares 7,185 6,311 6,126 6,404 6,523
Missiles, Rockets & Parts 1,359 1,425 1,509 1,741 1,509
Spacecraft, Satellites & Parts 114 139 189 133 107
Source:Aerospace Industries Association, based on data from the U.S. Department of Commerce and AIA estimates. Note: Totals may not equal sum of terms due to rounding.
P. Preliminary.
D. Civil aerospace export data suppressed by U.S. Census Bureau beginning rst quarter 2009.
Table VIIIExports of U.S. Aerospace ProductsCa
lendarYears20
07-2011
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8/2/2019 YE Analysis
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ALL WORKERS (THOUSANDS)
2000 666.1 438.4 242.7 98.1 97.6 78.4 149.4 304.1
2001 660.7 434.5 241.3 95.6 97.6 76.5 149.8 297.4
2002 618.4 396.7 220.2 87.9 88.6 73.6 148.1 263.3
2003 587.1 371.9 209.1 81.3 81.5 70.2 145.0 249.5
2004 592.0 369.9 207.2 79.2 83.5 71.6 150.5 244.2
2005 611.7 380.0 211.3 81.9 86.8 75.1 156.6 270.0
2006 631.8 398.5 221.7 84.4 92.4 75.5 157.7 326.9
2007 646.8 413.6 230.2 85.3 98.1 75.5 157.6 359.5
2008 659.8 428.9 237.4 87.2 104.3 77.6 153.3 303.0
2009 644.5 414.0 234.9 80.4 98.7 78.3 152.2 292.4
2010 624.0 402.5 228.5 76.4 97.6 74.7 146.8 276.4
2011(P) 624.4 412.0 234.6 76.3 101.1 71.3 141.0 282.1
1Q10 626.0 401.7 229.2 76.5 96.0 75.9 148.3 281.1
2Q10 623.4 400.2 226.6 76.5 97.1 75.5 147.7 275.9
3Q10 624.9 403.7 229.1 76.7 97.9 74.6 146.6 275.1
4Q10 621.5 404.2 229.1 75.8 99.3 72.6 144.7 273.6
1Q11 620.9 406.1 230.9 75.2 99.9 71.6 143.2 275.32Q11 623.0 411.1 234.1 76.1 100.9 71.1 140.9 280.4
3Q11 629.2 418.9 238.8 77.5 102.6 71.3 139.0 287.7
Source:Aerospace Industries Association, based on data from the Bureau of Labor Statistics (BLS).
a. Starting in 2008, the production workers series does not include: Search, Detection, and Navigation Instruments.
P. Preliminary.
Table IX Aerospace Related EmploymentCa
lendarYears20
00-2011
Total Aircraft Aircraft
Engines &
Parts
Other
Aircraft
Parts &Equipment
Guided Mis-
siles, Space
Vehicles &Parts
Search,
Detection &
NavigationInstruments
Production
Workers
Total
Employment
Period
8
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Aerospace Industry Prots
Year Dollars Sales Assets Equity Sales Assets Equity
1992 (1,836) (1.4) (1.2) (5.2) 1.0 1.0 2.6
1993 4,621 3.6 3.5 13.2 2.8 2.9 8.1
1994 5,655 4.7 4.3 14.8 5.4 5.8 15.6
1995 4,633 3.8 3.5 11.1 5.7 6.2 16.2
1996 7,150 5.6 5.1 17.1 6.0 6.5 16.8
1997 7,221 5.2 4.8 17.3 6.2 6.6 16.6
1998 7,701 5.0 4.8 18.0 6.0 6.1 15.71999 10,214b 6.5 6.2 21.8 6.2 6.1 16.5
2000 7,260 4.7 4.3 14.2 6.1 5.9 15.2
2001 6,565 3.9 3.6 11.6 0.8 0.8 1.9
2002 6,547c 4.1 3.7 11.7 3.3 2.9 7.7
2003 7,243 4.2 3.3 12.3 5.4 4.7 12.2
2004 9,504 5.2 4.0 14.3 7.1 6.5 15.9
2005 12,573 6.4 4.7 16.8 7.4 6.9 16.4
2006 14,106 6.7 5.1 18.4 8.1 7.6 17.5
2007 18,715 8.2 6.7 24.5 7.3 6.7 31.22008 14,568 6.1 4.7 18.6 4.2 3.8 8.8
2009 16,344 6.8 5.2 26.6 5.7 4.3 10.4
2010 16,475 6.8 5.5 23.0 8.3 6.6 15.1
2011(P) 18,396 7.6 6.1 23.4 9.7 8.0 17.8
Source:Bureau of the Census, Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations and AIA estimates.
a. Reects unusually large non-operating expenses totaling $3.4 billion and $8.7 billion in 1991 and 1992, respectively,
due to restructuring charges and the implementation of a change in accounting for future retirement benet costs.
b. Includes non-operating income (less interest expense) totaling $4.4 billion.
c. Includes non-operating expenses (less interest expense) totaling $3.5 billion.
P. Preliminary.
( ) Denotes net loss.
Table XNet Prot After TaxesCa
lendarYears19
92-2011(P)
As a Percent of: Prots as a Percent of:
(In Millions)
All Manufacturing Corporations
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