In 1985, the U.S. aerospace industry achieved a $13.1 billion trade surplus and contributed $89.2 billion in shipments to the U.S. economy. Without·aerospace, the U.S. trade balance in high technology industries would--for the first time--have fallen into a deficit. Civil aircraft play a significant role in the U.S. aerospace industry, and U.S. civil aircraft have dominated world markets (particularly the large transport segment) since the development of jet engine aircraft in the 1950s. This dominance has recently been challenged by the emergence of the European Airbus Industrie, which has...
In 1985, the U.S. aerospace industry achieved a $13.1 billion trade surplus and contributed $89.2 billion in shipments to the U.S. economy. Without·a...
