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Article: Missiles/space soften blow of slumping military aircraft sales - AIA ... sales forecast to rise to record high in 1990 ... moderate decline seen for aerospace - Fuqua. (Aerospace Industries Association President Don Fuqua)
- Article from:
- Defense Daily
- Article date:
- December 14, 1989
CopyrightCOPYRIGHT 1989 Access Intelligence, 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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Rising orders for missiles and space products in 1989 win, in part, offset the slumping military aircraft business, but U.S. aerospace sales will rise once again in 1990 to a record $137.3 billion, mostly fueled by commercial aircraft orders, the Aerospace Industries Association (AIA) said yesterday in its annual year-end forecast.
Preliminary estimates are that net after-tax profits for the entire industry will drop 13 percent from $4.9 billion last year to $4.3 billion in 1989, although sales were expected to rise to a record high of $120.6 billion, up from the 1988 total of $114.6 billion. At this time last year, AIA predicted a jump in profits for 1989 to $5.1 ...
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