INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC
Pagination or Media Count:
The United States aircraft industry is one of the essential foundations of the economic, political, and military elements of U.S. national power. But with the recent events such as the war with Iraq, the Severe Acute Respiratory Syndrome SARS outbreak, some major carriers filing for bankruptcy protection and with the 2nd anniversary of September 11th disaster steadily approaching, the uncertainty in this industry continues, particularly in terms of market recovery. Still leading U.S. business in export dollars, the industry has been forced to look for new markets as worldwide commercial aircraft sales continue to drop. For the first time, Europe has taken over the commercial market in total aircraft sales for 2003. One area that is still prospering is the military market. The U.S. has done well in this area and it appears now that Europe wants a piece of the action. It is becoming clear that in order to grow their businesses both the U.S. and Europe will have to partner with others to gain additional market share. Based on this outcome it appears that this industry will continue to do well in an uncertain future.
- Economics and Cost Analysis
- Medicine and Medical Research