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When President Barack Obama slid into the cockpit of a new Boeing 787 Dreamliner in Seattle last month, thousands of aerospace workers felt immense pride at the national spotlight on the industry’s contributions to the nation’s bottom line.
And those contributions are substantial. According to the Aerospace Industries Association’s year-end statistics, the aerospace industry exported more than $85 billion last year. That powerful economic performance produced a positive trade balance of $55.8 billion – the largest of any American business sector. It’s the export of aircraft like the Dreamliner, as well as other cutting-edge U.S. aerospace products, that contribute to this powerful economic punch.
© 2011 Washington Business Journal