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Article: U.S. AEROSPACE INDUSTRY STARTS MOVING AWAY FROM GOVERNMENT CONTRACTS.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- December 18, 1997
- Author:
CopyrightCOPYRIGHT 1997 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. 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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Throughout its history, the aerospace industry has relied on government contracts for the bulk of its sales. But next year, starting a trend that is expected to continue, the majority of the industry's sales will be commercial aircraft and space products such as satellites.
``This year, we are at the crossover point in the industry's long transition from a workload pattern driven by government contracts to one driven primarily by commercial sales,'' Don Fuqua, president of the Aerospace Industries Association, said yesterday.
Fuqua said sales to the U.S. government have at times made up as much as 90 percent of the industry's income and have only once in ...