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Fourth Quarter 1997
Aerospace corporate sales reached a record $139 billion in 1997. Despite plunging profits in the final quarter of 1997, the industry slightly surpassed 1996's record level. Surging civil exports pushed total aerospace exports up 16% over the third quarter--bringing the year's total exports to a record $50 billion. New orders, after declining for three consecutive quarters, jumped 78% in the fourth quarter. For the year, aerospace orders totaled $127 billion. Aerospace employment continued to grow–ending the year up 70,000 at 898,000.
| In Billions of Current Dollars |
4Q 1997 |
3Q 1997 |
% Change
3Q 97 to 4Q 97 |
4Q 1996 |
1996
Year-End |
1997
Year-End |
| Aerospace Sales |
$36.61 |
$35.45 |
3.3% |
$32.76 |
$127.05 |
$139.29 |
| Profits |
$1.01 |
$2.23 |
-54.9% |
$1.71 |
$7.15 |
$7.22 |
| Orders |
$44.47 |
$25.05 |
77.5% |
$38.63 |
$134.10 |
$127.11 |
| Exports - Total |
$13.53 |
$11.69 |
15.7% |
$11.59 |
$40.27 |
$50.37 |
| Exports - Civil |
$10.90 |
$8.70 |
25.2% |
$8.80 |
$29.48 |
$40.07 |
| Exports - Military |
$2.63 |
$2.99 |
-12.0% |
$2.79 |
$10.79 |
$10.30 |
| Employment (in thousands) |
892 |
874 |
2.0% |
822 |
828 |
898 |
For more information about AIA's Statistics, please contact stats@aia-aerospace.org.
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