Aerospace Exports Growing Despite Trade Uncertainty, AIA Says

The Aerospace Industries Association released its 2019 Facts & Figures report, saying aerospace and defense exports have steadily increased despite international market uncertainty. The report said an increasing demand for commercial aircraft, combined with emerging “markets and routes,” has caused exports to grow. This has been buoyed by a “rise in geopolitical threats” that has led to “increased spending on a global scale as allies in foreign markets continue to procure cutting-edge American technology.” The AIA expects growth to continue as U.S. allies, including those in East Asia and Europe, “increase their defense budgets to address common national security concerns.”