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The US Aerospace Industry: A Manufacturing Powerhouse

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  • Maksim Soshkin

    (IBIS World)

Abstract

Aerospace manufacturing is one of the few manufacturing industries where the U.S. still holds a dominant position, possessing a significant competitive advantage over other nations. The industry is a source of well-paid jobs and maintains a large trade surplus. Aerospace manufacturers are highly dependent on sales to airlines and the government, especially the U.S. military. Growing global demand for air travel and volatile fuel prices have led to a surge in demand for new commercial aircraft, causing a surge in commercial aerospace sales. On the other hand, military and overall government spending cuts have caused the industry’s defense and space segment sales to fall. The dichotomy of the industry’s various segments does not only come down to performance, with each segment differing from the other in trade, innovation, competition, and consolidation trends.

Suggested Citation

  • Maksim Soshkin, 2016. "The US Aerospace Industry: A Manufacturing Powerhouse," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 51(3), pages 166-180, July.
    • Handle: RePEc:pal:buseco:v:51:y:2016:i:3:d:10.1057_s11369-016-0008-y
    DOI: 10.1057/s11369-016-0008-y
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    Cited by:

    1. Alexander Nickolaevich Melnik & Kirill Andreevich Ermolaev & Mikhail Sergeevich Kuzmin, 2019. "Mechanism for Adjustment of the Companies Innovative Activity Control Indicators to Their Strategic Development Goals," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(3), pages 189-218, September.
    2. Bonnin Roca, Jaime & O'Sullivan, Eoin, 2022. "The role of regulators in mitigating uncertainty within the Valley of Death," Technovation, Elsevier, vol. 109(C).

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