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Article: Aerospace Industry Discusses Challenges at Meeting in Colorado Springs, Colo.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 14, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Chris Walsh, The Gazette, Colorado Springs, Colo. Knight Ridder/Tribune Business News
Apr. 14--Aerospace companies expect billions of dollars in government contracts to roll their way in coming years as the nation boosts homeland security and defense spending.
Yet ominous clouds hang over the aerospace industry.
The commercial space market is dying, and the aerospace industry is plagued with excess manufacturing capacity.
Aerospace company revenues and stock prices have dropped along with the economy.
And many industry workers are set to retire, while the crop of new prospects declines.
The industry's ...