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Article: Flying high in 1998. (aerospace industry special report)(Industry Overview)(Cover Story)
- Article from:
- Tooling & Production
- Article date:
- March 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Nelson Publishing. 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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Welcome aboard Flight USAERO 1. Please find our seat and fasten your seatbelt, this flight s cleared for take off on a course destined to reach new horizons.
This year, US aerospace sales will be flying high, and for those going along for the ride, namely the machine tool and parts suppliers, the challenge is to gracefully cruise along the tailwinds of this latest sales boom, and not get lost in its the jetwash.
US aerospace sales are anticipated to reach a record $144.5 billion this year according to the Aerospace Industries Association (AIA) 1998 Forecast Report. If reached, these figures will eclipse the previous sales peak of $139.2 billion in 1991.
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