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First Quarter 2000
While military exports rebounded 8% in the first quarter of 2000, total exports sunk to their lowest level in two years. The engineering strike at the Boeing Company--the likely cause for the export slump--also depressed employment, which dropped below 800,000, and sales, which declined 16%. First quarter orders slid 10% to a respectable $34 billion--the fourth largest quarter in the last three years. Profits, on the other hand, increased 26% to an annual rate of $8.5 billion.
| In Billions of Current Dollars |
1Q 2000 |
4Q 1999 |
% Change
4Q99 to 1Q00 |
1Q 1999 |
1999
Year-End |
1998
Year-End |
| Aerospace Sales |
$35.26 |
$41.86 |
-15.8% |
$38.40 |
$157.09 |
$154.61 |
| Profits |
$2.14 |
$1.70 |
26.2% |
$3.77 |
$10.21 |
$7.70 |
| Orders |
$33.77 |
$37.55 |
-10.1% |
$37.03 |
$128.17 |
$124.11 |
| Exports--Total |
$12.87 |
$16.22 |
-20.6% |
$16.24 |
$62.44 |
$64.07 |
| Exports--Civil |
$10.12 |
$13.68 |
-26.0% |
$13.09 |
$50.62 |
$52.00 |
| Exports--Military |
$2.75 |
$2.54 |
8.3% |
$3.15 |
$11.82 |
$12.07 |
| Employment (in thousands) |
790 |
806 |
-2.0% |
870 |
803 |
885 |
For more information about AIA's Statistics, please contact stats@aia-aerospace.org.
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