AIA President and CEO: American Rescue Plan Act Bolsters Stability, Resilience of Aerospace and Defense Industry

Arlington, Va. — Today, President Joe Biden signed H.R. 1319, the American Rescue Plan Act, into law. Aerospace Industries Association (AIA) President and CEO Eric Fanning released the following statement:

“We applaud the Administration and Congress for delivering this relief to the American people, while also providing aid to help strengthen the stability and resilience of the aerospace and defense industry. For our highly skilled workforce, this legislation will help protect and restore tens of thousands of jobs in aircraft manufacturing, maintenance, and repair. For businesses of all sizes in our shared supply chain, it will provide critical financial support and help our industry recall workers previously laid off because of the pandemic. The amendment of Senators Warner and Rubio extending CARES Act Section 3610 will allow federal agencies to continue reimbursing contractors for certain Covid-19 related expenses on critical NASA and national security programs. The American Rescue Plan Act is another important step to keep our nation moving forward through the severe, ongoing COVID-19 crisis, but more must be done to ensure a full recovery for our economy and our industry.”

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CONTACT:    

Veronica Bonilla

(703) 358-1078 office

(703) 674-9618 mobile

veronica.bonilla@aia-aerospace.org