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Saving American Jobs
With budget cuts expected in the aerospace and defense industry, the Aerospace Industries Association (AIA) wants Americans to know how this could affect the economy.
According to a recent Deloitte study, the aerospace and defense industry supports more than three and a half million American workers. The report details the industry’s sales of $324 billion in 2010 and position as the No. 1 contributor to the country’s positive trade balance, at a net $42 billion.
“The data speaks for itself: America’s aerospace and defense industry is a sector that punches far above its weight,” said AIA President and CEO Marion C. Blakey.
A separate study conducted by Dr. Stephen Fuller of George Mason University projects that more than 1 million American jobs could be lost as a result of defense budget cuts. Both studies are available at http://www.secondtonone.org.
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