Second Quarter 1998

Aerospace profits surged 30% during the second quarter of 1998 on increasing sales and exports while total employment held steady. Industry sales turned upward by 7.4% during the quarter after dipping 2.5% in the first quarter of 1998. Providing the engine for overall aerospace export growth, civil exports grew for their third straight quarter. Military exports, however, turned downward. New orders also declined slightly in the second quarter, still orders are on a pace slightly ahead of last year's $124 billion level.

In Billions of Current Dollars	2Q 1998	1Q 1998	% Change 1Q98 to 2Q98	2Q 1997	1996 Year-End	1997 Year-End
Aerospace Sales	$38.34	$35.70	7.4%	$35.52	$127.05	$139.28
Profits	$2.10	$1.62	30.1%	$2.18	$7.15	$7.22
Orders	$31.36	$31.82	-1.4%	$27.11	$129.69	$124.15
Exports--Total	$15.08	$14.40	4.7%	$14.01	$40.27	$50.37
Exports--Civil	$12.55	$11.70	7.2%	$11.47	$29.48	$40.07
Exports--Military	$2.53	$2.70	-6.2%	$2.54	$10.79	$10.30
Employment (in thousands)	891	890	0.1%	849	828	890

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