On the strength of civil exports-up $0.9 billion-aerospace sales rose $1.1 billion during the quarter. Military exports, on the other hand, declined slightly. Orders fell sharply to its lowest level since the second quarter of 1999. Similarly, employment fell to its lowest level since before 1953. Higher revenues and lower [payroll] expenses raised profits to a three-year high.

In Billions of Current Dollars	2Q 2002	1Q 2002	% Change 1Q02 to 2Q02	2Q 2001	2001 Year-End	2000 Year-End
Aerospace Sales	$40.94	$39.88	2.7%	$43.26	$168.76	$154.88
Profits	$2.68	$2.14	25.3%	$2.15	$6.57	$7.26
Orders	$26.28	$40.52	-35.2%	$38.43	$152.01	$184.34
Exports--Total	$14.73	$13.93	5.7%	$16.08	$58.51	$54.68
Exports--Civil	$12.50	$11.63	7.4%	$13.61	$49.37	$45.57
Exports--Military	$2.23	$2.29	-2.9%	$2.47	$9.14	$9.11
Employment (in thousands)	718	738	-2.8%	794	774	799

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