Statement by Aerospace Industries Association President and CEO David F. Melcher on the House voting to extend the R&D Tax Credit permanently.
Arlington, Va. — AIA welcomes the House vote to permanently extend the research and development tax credit which lapsed at the end of 2014. It provides an important incentive during these times of fiscal austerity for thousands of companies to make long-term investments in innovation and is critical to creating economic growth. Particularly at a time when DOD is actively seeking new sources of innovation, it’s imperative that we do everything in our power to incentivize companies in every sector to invest in innovative ideas and solutions.
Arlington, Va. – The aerospace and defense industry had a strong year in 2015, achieving a number of its top priorities. Despite a lengthy delay, the Export-Import Bank of the United States was reauthorized for four years; significant relief from the budget caps imposed under the Budget Control Act of 2011 was achieved for 2016 and 2017 with passage of the Bipartisan Budget Act of 2015; and there are hopeful signs that a year-long omnibus with an extension of the R&D Tax Credit will pass shortly.
The Global Aerospace Summit is part of the Abu Dhabi Aviation and Aerospace Week held under the patronage of His Highness General Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces. AIA President and CEO Dave Melcher will be attending and participating in a panel.
Arlington, Va. — AIA welcomes last night’s passage of a five-year transportation bill – this is the first time in 17 years that the House and Senate have come together to produce a transportation bill of this length and duration and we congratulate them on that accomplishment. In particular, we are relieved and delighted that the bill served as a vehicle for a four-year reauthorization of the Export-Import Bank of the United States. The Ex-Im Bank is a valuable tool supporting exports in the aerospace industry – the leading export industry in the U.S. manufacturing sector with a trade surplus of nearly $62 billion. By reauthorizing the Bank, America is sending a clear signal that we are serious about competing in the global marketplace and will take the necessary steps to ensure American exporters have a level playing field.
Arlington, Va. — AIA calls on Congress to pass an omnibus appropriations bill in early December that would avoid the specter of a year-long continuing resolution. The Bipartisan Budget Act of 2015 provides badly-needed funds and a measure of stability across all government agencies for the next two years. Congress should follow the dictates of the budget deal they negotiated less than two months ago and pass a full-year appropriations bill for fiscal year 2016.
Arlington, Va. — Guy Norris, a well-respected and award-winning aerospace and defense journalist and author, has been selected to receive the 2015 Lauren D. Lyman Award for outstanding achievement in aerospace communications. “We’re delighted to recognize Guy Norris with this year’s Lyman Award,” said AIA President and CEO Dave Melcher. “His distinguished record of accurate reporting and dedicated focus on our industry exemplifies many of the qualities that Deac Lyman brought to both his reporting and public relations careers.”
Statement by Aerospace Industries Association President and CEO David F. Melcher on the two-year budget deal passing in the House.
Arlington, Va. — AIA is relieved and thankful that the House has passed legislation lifting the Budget Control Act (BCA) caps for fiscal years 2016 and 2017. The deal provides an additional $50 billion for base defense spending over the next two years and substantial increases in Overseas Contingency Operations funding. These are significant increases providing badly-needed funds and some measure of stability to the Department of Defense for the next two years.