USA Pavilion Opening, 2018 Farnborough International Air Show, UK

Remarks by AIA CEO and President Eric Fanning
USA Pavilion Opening, Farnborough International Air Show, UK
Monday, July 16, 2018
Remarks as prepared for delivery

Thank you, Mr. Ambassador. And thank you, Tom, for the amazing job you and Kallman do with this pavilion year after year.

This space, and the people it brings together, are integral to why we’re all here at Farnborough and why we keep coming back every year to showcase the best of American aerospace and defense at air shows around the world.

Everything you need to know about the strength of this industry is in this pavilion: the products, the innovation, and most importantly, the people, representing a workforce of 2.4 million workers.

From civil, to defense, to space, we firmly believe that American goods provide the best value and the best partnerships. And we are proud to show them off.

We do it in loud and noticeable ways, making announcements and displaying our aircraft out in the field. We do it exceptionally loudly when we put platforms into action every afternoon at the Flying Displays.

But there is also quiet work going on at these shows by U.S. government officials and industry leaders who partner together to bolster the strong and enduring relationships among American companies and their foreign customers and suppliers.

And that quiet work could not be more important. Because the U.S. aerospace and defense industry depends on global relationships, access to global markets, and global supply chains.

As our Chairman, Tom Kennedy, the CEO of Raytheon, likes to say: American companies are not just competing against foreign companies, but against foreign governments.

That’s why we’re so pleased to see Ambassador Johnson here today, and a high-level U.S. delegation from Washington including a wide variety of U.S. Agencies that illustrate the breadth of our industry, including the State Department, DOD, NASA, FAA, and Commerce — many of whom are here today.

Their presence sends an important signal that the United States is serious about strengthening our international relationships and fostering an environment that allows for increasing American aerospace and defense exports.

Just a few days ago we released our 2018 Facts and Figures report, which shows our industry generated $865 billion in economic output last year. We also saw a positive trade balance of $86 billion – the largest of any U.S. exporting sector.

Those numbers give us a lot to be proud of. And 2018 is shaping up to be even stronger thanks to all of you here today.

So, thank you again for being here and for making Farnborough such an effective and successful forum for American industry to do business with the world.

Best of luck in the coming days for a successful Farnborough International Air Show.