Increasing sales provided the only bright spot during the quarter. While sales increased, profits completely evaporated and all other measures were negative. Specifically, aerospace employment declined from record lows and the usual surge in orders and civil exports during the fourth quarter of the year failed to materialize. Clearly, the growth in sales has come from domestic customers, and most likely, the U.S. Department of Defense.

In Billions of Current Dollars	4Q 2002	3Q 2002	% Change 3Q02 to 4Q02	4Q 2001	2002 Year-End	2001 Year-End
Aerospace Sales	$43.25	$40.32	7.3%	$45.13	$164.23	$168.76
Profits	-$0.19	$2.15	-108.8%	$0.86	$6.77	$6.57
Orders	$35.24	$36.23	-2.8%	$41.24	$137.80	$144.54
Exports--Total	$13.99	$14.12	-0.9%	$13.94	$56.78	$58.51
Exports--Civil	$11.57	$11.63	-0.6%	$11.67	$47.35	$49.37
Exports--Military	$2.24	$2.49	-2.8%	$2.26	$9.43	$9.14
Employment (in thousands)	691	708	-2.4%	771	688	774

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