Balance of trade

June 18, 2007 - 7:29am

The retiring president and CEO of the Aerospace Industries Association of America, John Douglass, said modifying the U.S export control system could double the trade surplus from the present record $55 million. “We have to get rid of a Cold War philosophy that puts many civil products in the military domain,” he told Aviation International News in an exclusive interview.

September 22, 2006 - 4:33am

U.S. aerospace exports rose $10.6 billion, or 18.7 percent, to a record $67.4 billion last year, according to the Aerospace Industries Association (AIA). That paved the way for an increase in the positive trade balance, jumping $8.8 billion to $39.8 billion, a 28-percent hike.