First Quarter 1999

Declining from extraordinary fourth quarter levels, aerospace industry sales and export sales essentially maintained 1998's record pace during the first quarter of 1999. Profits doubled and orders jumped 20% to an annual rate of $148 billion during the March quarter. Employment, on the other hand, continued to decline in 1999 after reaching a plateau in the first half of 1998.

In Billions of Current Dollars	1Q 1999	4Q 1998	% Change 4Q98 to 1Q99	1Q 1998	1998 Year-End	1997 Year-End
Aerospace Sales	$38.11	$43.27	-11.9%	$35.68	$154.61	$139.29
Profits	$3.76	$1.86	102.5%	$1.62	$7.70	$7.22
Orders	$37.03	$30.93	19.7%	$31.82	$124.11	$124.15
Exports--Total	$16.24	$19.60	-17.1%	$14.40	$64.07	$50.37
Exports--Civil	$13.09	$16.00	-18.2%	$11.70	$52.00	$40.07
Exports--Military	$3.15	$3.60	-12.4%	$2.70	$12.07	$10.30
Employment (in thousands)	865	882	-2.0%	890	880	890

For more information about AIA's Statistics, please contact stats@aia-aerospace.org.