2011
YEAR-END REVIEW
AND FORECAST
The U.S. aerospace industry booked a relatively strong
performance in 2011, remaining one of the most significant
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 industry’s 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 new
products have contributed greatly to the industry’s performance.
At year’s 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 significant share
of the nearly $50 billion global MRO market. Absent a major
economic downturn, the U.S. MRO market is expected to register a 3.8 percent compound annual growth rate (CAGR) over the
next five years.
2
high and variable fuel prices. The introduction of new
aircraft has also created demand in the commercial
segment.
Civil Aircraft
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 manufacturers 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.
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
The key market driver in 2012 will be the price of fuel. High fuel prices create demand for new fuel-efficient
aircraft, while at the same time eroding airlines’ ability
to purchase new planes. This situation places renewed
emphasis on developing commercially viable alternative
fuels, which could potentially dampen the volatility of fuel
costs faced by operators while lessening the global airline
industry’s environmental impact. The U.S. is a leader in
alternative aviation fuel research and development, and
U.S. producers have successfully completed test flights
using fuels from a variety of feedstocks and are moving
toward commercial production.
2011, reaching nearly $107 billion, a gain of 23 percent.
The amount is far below the recent high of $224 billion in
2007, but is well ahead of the 2009 low of $23 billion.
Industry drivers in 2011 include several factors that have
influenced the market for a number of years, such as the
aging U.S. regional jet fleet and a growing demand for
fuel-efficient aircraft that has been driven by persistently
200
150
210.6
218.1
217.7
250
BILLIONS OF DOLLARS
Aerospace Industry Sales
100
1
20 0
11
20 (P)
12
(E
)
09
20
08
20
07
20
06
20
05
20
04
20
03
20
02
20
01
20
00
20
99
20
98
19
97
19
96
19
95
19
94
19
19
19
9
3
50
3
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 enforcement applications. Following two years of significant
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.
Future sales also look promising, as exemplified by the
$35 billion contract awarded to Boeing to build 179 KC46A refueling tankers.
While 2011 was a strong year for military aircraft,
domestic purchases are expected to decline in the
coming years due to federal deficit reduction measures.
These measures are likely to become even more
significant factors as much of the U.S. military aircraft
fleet nears maximum service-life limits. Anecdotally,
ground crews have pointed out that today’s pilots
are now flying 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 fleet, whose
planes are on average more than 23 years old, is the
Military Aircraft
oldest in USAF history. Many transport aircraft and aerial
refueling tankers are more than 40 years old, and it is
expected that some may reach the 70-80 year mark
before they are finally retired.
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.
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
Aerospace Industry Sales By Product Group
Related Products
& Services
Space
Missiles
Military Aircraft
250
BI L LIO N S O F DO LLARS
KEY
200
150
$210.6 $218.1 $217.7
$208.9
$199.5
$30.0
$30.6
$29.7
$30.2
$43.2
$29.4
$45.0
$45.3
$24.2
$25.1
Civil Aircraft
$23.2
100
$54.7
$58.9
$62.4
$46.4
$45.1
$25.6
$25.1
$66.5
$65.1
50
4
$48.2
$51.3
$48.2
$49.7
$51.7
2008
2009
2010
2011(P)
2012(E)
recent India fighter competition. That the U.S. entrants
failed to win the competition is a sure sign of how
effective competitors in this market can be.
Trade
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.
The U.S. aerospace industry continued to show
reasonable international strength in 2011 despite the
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 Obama’s 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
lingering effects of the global economic downturn. In
2011, the industry contributed $87 billion in export sales
to the domestic economy. The industry’s positive trade
balance of $57.4 billion places aerospace in the lead,
representing the largest positive trade balance of any
manufacturing industry.
purchases to secure its borders and maintain the ability to deliver its recent $304 million purchase of “bunker
busting” weapons in response to Iran’s nuclear program.
Additionally, Saudi Arabia bought 85 F-15E fighter jets
valued at $29.4 billion and the Iraqi government has
agreed to purchase 18 U.S. F-16 fighters, worth about $3
billion.
U.S. aerospace exports are expected to increase to
nearly $90 billion in 2011, up 12 percent after falling for
Aerospace Foreign Trade
80
60
BILLIONS OF DOLLARS
100
2007 PEAK
97.2
Imports
2011 EXPORTS
87.0
Exports
Surplus
2007 PEAK
60.6
2011 SURPLUS
57.4
40
2011 IMPORTS
29.6
(P
)
11
10
20
09
20
08
20
07
20
06
20
20
05
04
20
03
20
02
20
01
20
20
00
20
99
98
19
97
19
96
19
95
19
19
94
19
19
93
20
5
Budget cuts will continue to menace the U.S. space industrial base, and an anticipated increase in competition
from Indian, Chinese and Russian space programs will
exacerbate the situation. Likely impacting U.S. industry’s
competitive stance is the U.S. government’s increasing
dependence on commercial systems to enhance U.S.
space programs and launch capabilities, fostering new
opportunities for the private sector.
Space
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
General Aviation
polar orbiting weather satellites and national security
space programs. Despite these roadblocks, there were
some bright spots including an agreement on a way forward 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.
As in 2010, 2011 proved to be a challenging year for
general aviation. Lingering effects of the financial crisis
of 2008 and the European banking crisis continue to
600
500
400
BILLIONS OF DOLLARS
Aerospace Shipments, Orders and Backlog
Backlog
2008 Peak
515.0
Orders
BACKLOG
462.7
Shipments
2007 Peak
316.4
300
ORDERS
204.8
200
SHIPMENTS
184.2
6
(P
11
10
20
20
09
08
20
07
20
20
06
05
20
20
04
03
20
02
20
20
01
00
20
20
99
98
19
97
19
19
96
95
19
19
94
19
19
93
)
100
restrict financing for the sector. Further, several initiatives
are under consideration that are tied to new taxes and
increased regulations that may limit the sector’s growth.
However, bright spots do exist, including a strong demand 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 today’s
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
Employment
Aerospace employment is likely to register a slight increase in 2011, as the hardest-hit sectors of the industry
find firmer 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 employs about 500,000 workers in scientific and technical
jobs across the nation and supports more than 700,000
additional jobs in related fields.
key U.S. companies. Aerospace Employment
KEY
700
600
500
EMPLOYEES (THOUSANDS)
800
Search, Detection & Navigation Instruments
Guided Missiles, Space Vehicles & Parts
Aircraft, Engines and Parts
2011 Total:
624.4
141
71
400
300
412
200
(P
)
11
20
10
20
09
20
08
20
07
20
06
20
05
20
04
20
03
20
02
20
01
20
00
20
99
19
98
19
97
19
96
19
95
19
19
94
100
7
8
Summary and Outlook
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
deficit spending by the U.S. is expected to induce cuts
to the U.S. defense budget. However, rising commercial 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 replace older, less fuel-efficient 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 traffic
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, estimates predict that by the end of 2029, the world’s 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 significant production 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 difficult market conditions 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 flight 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. However, 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 deficits and overall
governmental spending. While the U.S. defense industry
remains very concerned about potential budget cuts,
2011 deliveries reflect the strength of previous years’
budgets.
While outlays are currently positive for military fixed-wing
aircraft and rotorcraft programs, funding for new program
starts is highly uncertain. Missile and munition demand
also looks vulnerable, as weapons stockpiles are often
cut first 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 NASA’s FY2012 budget
will have a negative impact, they were less severe than
those advocated by some policymakers.
The U.S. aerospace industry continues to provide
significant contributions to the country’s 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. manufacturing sector. This is particularly relevant given the nation’s challenges of high unemployment, a stagnating
economy and a crippling national deficit. AIA’s 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 significant challenges, particularly in the defense sector, as
the government seeks solutions to an ongoing budget
crisis. Our position has been firmly established – we will
continue to educate the public and elected officials on the
need to maintain an aerospace industry that is Second to
None in the world.
9
Table I
Aerospace Industry Sales by Product Group
Calendar Years 2001-2012
Total
Year
Sales
AIRCRAFT
Total
Civil MilitaryMissiles Space
Current Dollars (Billions)
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011(P)
2012(E)
$151.63
152.35
146.03
156.48
167.13
182.58
196.53
199.49
208.87
210.55
218.08
217.65
$86.47 $51.26
79.49 41.34
72.84 32.44
79.13 32.52
86.66 37.16
98.28 45.85
105.60 52.55
102.90 48.18
110.18 51.30
110.51 48.16
116.19
49.68
116.75
51.71
$35.22 $10.39$29.50
38.15 12.85 34.62
40.40 13.49 35.86
46.61 17.46 35.70
49.50 18.44 36.66
52.44 20.26 37.56
53.05 21.98 39.90
54.71 23.20 43.22
58.88 24.22 45.04
62.35 25.06 45.30
66.51
25.57
46.36
65.05
25.12 45.14
$25.27
25.39
23.84
24.20
25.36
26.48
29.06
30.18
29.44
29.68
29.96
30.63
$147.73 $84.25 $49.94 $34.31 $10.12$28.74
145.98 76.16 39.61 36.55 12.31 33.18
136.34 68.01 30.29 37.72 12.59 33.48
141.76 71.68 29.46 42.22 15.81 32.34
145.83 75.62 32.43 43.19 16.09 31.99
153.78 82.78 38.62 44.16 17.06 31.63
160.54 86.26 42.93 43.33 17.95 32.59
157.13 81.04 37.95 43.09 18.28 34.04
160.58 84.70 39.44 45.27 18.62 34.63
159.91 83.93 36.58 47.35 19.03 34.41
162.57
86.62
37.04
49.58
19.06
34.56
159.59
85.61
37.91
47.69
18.42 33.10
$24.62
24.33
22.26
21.93
22.13
22.30
23.74
23.77
22.63
22.54
22.33
22.46
Constant Dollarsa (Billions)
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011(P)
2012(E)
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 AIA’s aerospace composite price deflator, (2000=100).
E. Estimate.
P. Preliminary.
10
Related
Products &
Services
Aerospace Industry Sales by Customer Table II
AEROSPACE PRODUCTS AND SERVICES
Total
Department
of Defense
Current Dollars (Billions)
2001
2002
2003
2004
2005a
2006
2007
2008
2009
2010
2011(P)
2012(E)
$151.63
152.35
146.03
156.48
167.13
182.58
196.53
199.49
208.87
210.55
218.08
217.65
NASA
& Other
Agencies
Other
Customers
Related
Products &
Services
$126.36
126.96
122.19
132.28
141.76
156.10
167.47
169.32
179.43
180.87
188.12
187.02
$49.98
57.40
64.16
73.27
77.83
79.78
84.34
89.23
96.67
101.45
107.64
105.38
$14.48
16.39
16.52
16.98
17.25
17.22
17.80
19.51
20.81
21.10
21.17
20.13
$61.90
53.17
41.51
42.04
46.68
59.10
65.33
60.58
61.95
58.33
59.30
61.51
$25.27
25.39
23.84
24.20
25.36
26.48
29.06
30.18
29.44
29.68
29.96
30.63
$123.11
121.65
114.08
119.84
123.70
131.48
136.80
133.36
137.95
137.37
140.24
137.13
$48.69
55.00
59.90
66.37
67.91
67.19
68.90
70.28
74.32
77.05
80.25
77.27
$14.11
15.70
15.43
15.38
15.05
14.51
14.54
15.36
16.00
16.02
15.78
14.76
$60.31
50.95
38.76
38.08
40.73
49.78
53.37
47.72
47.63
44.30
44.21
45.10
$24.62
24.33
22.26
21.93
22.13
22.30
23.74
23.77
22.63
22.54
22.33
22.46
Constant Dollarsa (Billions)
2001
2002
2003
2004
2005a
2006
2007
2008
2009
2010
2011(P)
2012(E)
$147.73
145.98
136.34
141.76
145.83
153.78
160.54
157.13
160.58
159.91
162.57
159.59
Calendar Years 2001-2012
Year
Total
Sales
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 AIA’s aerospace composite price deflator, (2000=100).
E. Estimate.
P. Preliminary.
11
Table III Shipments, Orders and Backlog:
As of End-of-Year 1992-2011
Aircraft & Parts and Search & Navigation Equipment
Year
Shipments
Orders
1992
$137,114 $118,369
1993
123,850 100,815
1994
112,511
98,621
1995
110,928 115,279
1996
110,840 134,142
1997
132,787 143,071
1998
150,077 138,407
1999
152,728 140,329
2000
144,740 165,994
2001
153,571 146,444
2002
140,889 132,271
2003
135,955 137,455
2004
145,305 152,437
2005
152,081 214,099
2006
165,652 248,546
2007
202,723 316,361
2008
211,943 257,096
2009
207,585 126,226
2010
187,909 196,324
2011(P)
184,158
204,809
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.
12
Backlog
$220,233
197,198
183,308
187,659
210,961
221,245
209,575
197,176
218,430
211,303
202,685
204,185
211,317
273,335
356,229
469,867
515,020
433,661
442,076
462,727
U.S. Civil Transport Aircraft Backlog Table IV
Number of Aircraft Value (in millions)
Boeing:
B-737
B-747
B-767
B-777
B-787
3,427 $270,728 3,714 $296,217 3,375 $263,129 3,443 $265,553 3,520
$282,881
2,076 125 52 357 817 2,270 114 70 350 910 2,076 108 59 281 851 2,186 107 50 253 847 2,215
111
49
325
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
Calendar Years 2007-2011
200720082009 20102011a
TOTAL BACKLOG:
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.
13
Table V Civil Aircraft Shipments
Calendar Years 2001-2012
Year
TOTAL
Transport
Aircraft
General
Aviation
Number of Aircraft Shipped
2001
3,575
526 415
2002
2,904
379 318
2003
2,935
281 517
2004
3,445
285 805
2005
4,094
290 947
2006
4,443
398 898
2007
4,729
441 1,009
2008
4,538
375 1,084
2009
2,630
481 564
2010
2,227
462 431
2011(P)
2,065
471
454
2012(E)
2,132
490
486
Value (millions of dollars)
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011(P)
2012(E)
$43,043
35,450
27,833
27,815
31,424
37,085
42,431
38,910
39,884
36,217
37,211
39,576
$34,155
27,574
21,033
20,484
21,941
25,875
29,160
24,076
29,695
27,350
28,783
30,862
Source: Aerospace Industries Association, based on company reports, data from the
General Aviation Manufacturers Association (GAMA) and AIA estimates
E. Estimate.
P. Preliminary.
14
Helicopters
$247
157
366
515
816
843
1,330
1,486
1,107
992
972
1,043
2,634
2,207
2,137
2,355
2,857
3,147
3,279
3,079
1,585
1,334
1,140
1,156
$8,641
7,719
6,434
6,816
8,667
10,367
11,941
13,348
9,082
7,875
7,456
7,670
U.S. Aerospace Balance of Trade Table VI
20072008 2009
2010 2011(P)
BALANCE OF TRADE:
Current Dollars
Constant Dollarsa
$60,614
$57,389
$56,034
$51,152
$57,410
49,51545,201 43,080 38,849 42,798
AEROSPACE EXPORTS:
Current Dollars
$97,224
$95,082
$81,166
$77,503
$86,982
a
Constant Dollars 79,42174,889 62,402 58,863 64,843
AEROSPACE IMPORTS:
Current Dollars
Constant Dollarsa
$36,610
$37,694
$25,132
$26,351
$29,573
29,90629,688 19,322 20,013 22,046
Calendar Years 2007-2011
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 AIA’s aerospace composite price deflator, (2000=100).
P. Preliminary.
15
Table VII U.S. Imports of Aerospace Products
Calendar Years 2007-2011
(Millions of Dollars)
2007
2008
2009
20102011(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
Civil
Transports
General Aviation
Helicopters
Othera
12.3
51.5
0.4 61.7123.2
13,28412,428 9,299 8,9798,968
6,916 6,460 4,955 3,2584,098
4,532
4,066
2,337
2,191
2,553
8891,143 833 838 862
947 758 1,173 2,6921,455
Aircraft Engines
3,880
Turbine
Piston 3,812 4,195 3,616 3,7004,289
69
133
136
99
68
Aircraft and Engine Parts
Spacecraft, Missiles,
Rockets, and Parts
4,328
3,752
3,799
18,528
19,989
11,383
12,498
14,919
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.
16
4,358
Exports of U.S. Aerospace Products Table VIII
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
47,55942,422 (D) (D)
(D)
Transports
40,29733,326
General Aviation
3,911
4,818
Helicopters
1,117948
Used Aircraft
2,197
3,284
Other Aircraft
37
46
Aircraft Engines
7,1278,505
Turbine
6,9538,334
Piston
174171
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
Calendar Years 2007-2011
(Millions of Dollars)
2007 2008 2009 20102011(P)
$10,293
Complete Aircraft
4,174 4,5202,3251,742 1,622
Transports
7891,548 276 140 457
Helicopters
791 300520832 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 423517357 533
Turbine 277
344
381
271
435
Piston
137 80137 86 98
Aircraft and Engine Parts,
Including Spares
7,185
6,311
6,126
6,404
6,523
Missiles, Rockets & Parts
Spacecraft, Satellites & Parts
1,359
1,425
1,509
1,741
1,509
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 first quarter 2009. 17
Table IX Aerospace Related Employment
Calendar Years 2000-2011
Period
Total
Employment
Total
Aircraft
Aircraft
Engines &
Parts
Other
Aircraft
Parts &
Equipment
Guided Missiles, Space
Vehicles &
Parts
Search,
Production
Detection & Workers
Navigation
Instruments
ALL WORKERS (THOUSANDS)
2000 666.1 438.4 242.7 98.1 97.6 78.4
149.4304.1
2001 660.7 434.5 241.3 95.6 97.6 76.5
149.8297.4
2002 618.4 396.7 220.2 87.9 88.6 73.6
148.1263.3
2003 587.1 371.9 209.1 81.3 81.5 70.2
145.0249.5
2004 592.0 369.9 207.2 79.2 83.5 71.6
150.5244.2
2005 611.7 380.0 211.3 81.9 86.8 75.1
156.6270.0
2006 631.8 398.5 221.7 84.4 92.4 75.5
157.7326.9
2007 646.8 413.6 230.2 85.3 98.1 75.5
157.6359.5
2008 659.8 428.9 237.4 87.2 104.3 77.6
153.3303.0
2009 644.5 414.0 234.9 80.4 98.7 78.3
152.2292.4
2010 624.0 402.5 228.5 76.4 97.6 74.7
146.8276.4
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
148.3281.1
2Q10 623.4 400.2 226.6 76.5 97.1 75.5
147.7275.9
3Q10 624.9 403.7 229.1 76.7 97.9 74.6
146.6275.1
4Q10 621.5 404.2 229.1 75.8 99.3 72.6
144.7273.6
1Q11 620.9 406.1 230.9 75.2 99.9 71.6
143.2275.3
2Q11 623.0 411.1 234.1 76.1 100.9 71.1
140.9280.4
3Q11 629.2 418.9 238.8 77.5 102.6 71.3
139.0287.7
Source:Aerospace Industries Association, based on data from the Bureau of Labor Statistics (BLS).
a. S
tarting in 2008, the ‘production workers’ series does not include: Search, Detection, and Navigation Instruments.
P. Preliminary.
18
Net Profit After Taxes
Year
All Manufacturing Corporations
Profits as a Percent of:
As a Percent of:
Dollars SalesAssetsEquity SalesAssets Equity
(In Millions)
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 15.7
b
199910,214 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
20026,547c
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 31.2
2008
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
Calendar Years 1992-2011(P)
Aerospace Industry Profits
Table X
Source:Bureau of the Census, Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations and AIA estimates.
a. R
eflects 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 benefit 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.
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