Dubai Air Show Report: The Importance of Global Relationships
November 21, 2019
This past week, the U.S. aerospace and defense (A&D) industry made up a major part of the 2019 Dubai Airshow. The show welcomed a large U.S. government delegation that brought a message of continued partnership with allies around the globe. We are proud to support those government-to-government partnerships that help our foreign partners meet their national security needs with the very best U.S. equipment. It is the partnerships formed and strengthened during the show that will help define the future of cooperation in this region and around the world.
The success of the U.S. A&D industry depends on global relationships, access to global markets, and global supply chains. The companies that make up A&D – manufacturers, suppliers, and service providers – play a significant and transformative role in American and global partnerships. The strength of those partnerships can be measured by the strong economic metrics of our industry.
In 2018, our industry generated $929 billion in economic output, and we saw a positive trade balance of nearly $90 billion. Our workforce has grown to over 2.5 million people, representing nearly 20 percent of the nation’s manufacturing workforce (up from 2.4 million in 2017). Our companies are ramping up production to meet growing international and domestic demand, and the U.S. government continues to increase its investments in defense and space. As we look ahead to 2019, America’s A&D companies are expanding research and development to build the future laid out in our Vision 2050 report.
The U.S. A&D sector has long been a strategic, comprehensive partner with countries in the Middle East, encompassing work in the civil, defense, and space sectors.
The partnerships formed at the Dubai Airshow allow the U.S. to remain a leader in this region. As an industry, we look forward to continued, long-term relationships with our partners in the Middle East – and to returning to the Dubai Air Show in 2021.