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Article: U.S. Aerospace Industry Sets Record Sales for 1999.
- Article from:
- PR Newswire
- Article date:
- December 8, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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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WASHINGTON, Dec. 8 /PRNewswire/ -- According to figures released at the Aerospace Industries Association's 35th Annual Year-End Review and Forecast Luncheon today, the U.S. aerospace industry posted record sales of $155 billion during 1999. AIA President and CEO John W. Douglass said this boom was driven largely by the civil aircraft sector, in particular, commercial jetliners.
Speaking to approximately 400 media, industry and government representatives, Douglass said the aerospace industry's trade surplus in 1999 will likely post the highest trade balance of all industry categories, even though its total of $40 billion is projected to be down two percent from ...