AIA Issues Gloomy Forecast, Despite Strong 2011

(ZACHARY FRYER-BIGGS) Aerospace industry sales were a projected $218 billion in 2011, an increase of more than 3.5 percent, the Aerospace Industries Association reported at its annual Year-End Review and Forecast luncheon on Dec. 14. Despite the robust numbers, the association is estimating a decline of $400 million in spending for 2012, with a decline of $1.4 billion in military aircraft spending partially offset by a rise in civil aircraft purchases.

Leave a comment