The COVID-19 pandemic took an immense toll on America and the world last year, causing significant and tragic losses to human lives. It also put an enormous strain on governments, industries, and economies across the globe. The U.S. aerospace & defense (A&D) industry experienced significant declines in jobs and revenue, described in the 2021 edition of Facts & Figures: U.S. Aerospace & Defense, developed by the Aerospace Industries Association (AIA) in collaboration with IHS Markit. The report provides insights into the pandemic’s effects on A&D in 2020 and explores steps to recovery.
Read our 2021 Facts & Figures report for more on the impact of COVID-19 on America’s A&D industry and our path forward.