Aerospace a strong performer in 2005

Aviation International News » January 2006
September 26, 2006, 10:54 AM

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.

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