Third Quarter 1998

Except for military aerospace exports (which rose sharply), all other indicators turned down in the third quarter of 1998--industry sales and new orders declined by $1 billion each, profits and total exports fell marginally, and employment began to reflect the cutbacks announced this summer. Foreign shipments of military helicopters, transports, and fighters contributed to the third quarter's military export surge.

In Billions of Current Dollars	3Q 1998	2Q 1998	% Change 2Q98 to 3Q98	3Q 1997	1996 Year-End	1997 Year-End
Aerospace Sales	$37.35	$38.35	-2.6%	$35.46	$127.05	$139.28
Profits	$2.11	$2.11	-0.2%	$2.24	$7.15	$7.22
Orders	$30.01	$31.36	-4.3%	$16.51	$129.69	$124.15
Exports--Total	$14.99	$15.08	-0.6%	$11.69	$40.27	$50.37
Exports--Civil	$11.75	$12.55	-6.3%	$8.70	$29.48	$40.07
Exports--Military	$3.24	$2.53	27.8%	$2.99	$10.79	$10.30
Employment (in thousands)	889	891	-0.2%	867	828	890

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