Fri, Dec 07, 2007
Sales Still Forecast To Be $210.6 Billion
US aerospace companies may expect
sales to climb six percent in 2008, according to the Aerospace
Industries Association... a slower growth rate than in 2007, when
sales climbed nearly nine percent over the previous year.
In the group's annual year-in-review and forecast report, AIA
projects sales of $210.6 billion for commercial and military
planemakers -- with the global need for passenger airliners fueling
the industry.
That would continue a trend seen in 2007, reports The Associated
Press. AIA estimates sales in 2007 at $198.8 billion, over $92
billion of which came from sales to foreign customers.
By comparison, US carriers -- still reeling from numerous forays
into bankruptcy and high fuel prices -- will likely continue to
exercise caution in placing significant orders for airliners,
despite a booming travel market and full planes.
"On the commercial side, there's never been this kind of
disparity before," said Teal Group analyst Richard Aboulafia.
"There is pent-up demand among the domestic carriers for
aircraft," AIA President and CEO Marion Blakey told the AP. "They
have not stepped in to modernize their fleets the way international
carriers have."
Over on the military side, AIA forecasts a decline in sales for
2008... due not to declining demand for military hardware, but
rather uncertainty over funding for such aircraft in the US
military budget, and delays to several high-profile projects.
Sales of military aircraft rose 11 percent to $54.8 billion in
2007, up from $49.8 billion last year. That figure is expected to
decline 4.7 percent in 2008.
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