Appeared in the Sept. 14, 2015 edition of Defense News, on page 37. By John J. Hamre and David F. Melcher.
Shutting down Ex-Im would also threaten American national security interests. American aerospace and defense companies have relied on overseas markets, particularly commercial markets serviced by Ex-Im loans, to keep the defense industrial base healthy as U.S. defense spending has declined. Without Ex-Im, U.S. industrial production will decline, with fewer revenue and jobs throughout the aerospace and defense supply chain, leading to higher unit costs for the military systems our armed forces buy. The same dynamic occurred in the shipbuilding sector in the 1980s with devastating results that continue to be felt today.
Arlington, Va. — The Aerospace Industries Association presented Sens. Patty Murray (D-Wash.) and Jerry Moran (R-Kan.) with its prestigious Wings of Liberty Award September 17. The Senators were recognized for their leadership of the Senate Aerospace Caucus, which enables Senate members and staff to engage with industry and government leaders on a number of subjects related to maintaining U.S. leadership in national security technology, civil aviation and space research and exploration. They were also honored for their individual contributions to the health of America’s aerospace and defense industry.
When NextGen is fully implemented—hopefully by 2025—airline passengers will notice significant changes in the way they fly. With new tools aiding our pilots and air traffic controllers, those frustrating delays while taxiing to the runway will diminish, flights will be smoothly diverted around rough weather and routes will be more precise—saving time, fuel and money.
Last year, 124 Ohio companies did $427 million worth of business selling transportation equipment, motor vehicle parts, manufactured chemicals, wood products and other goods to foreign purchasers with the help of financial assistance from the Export-Import Bank of the United States. Unfortunately, some lobbyists with a rigid ideological agenda want to kill off the bank without regard for the good Ohio jobs that will be lost in the process.
Arlington, Va. — Although the end of summer indicates the beginning of classes for students across the country, it also signals the kickoff of the world's largest annual student rocketry contest. Registration for the Team America Rocketry Challenge (TARC) is now open for teams of 7-12th grade students through December 4.