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Business/Financial

Aerospace Sales Moderating But Growth Will Continue, AIA Says

DDN

Thursday, December 11th, 2008

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By Calvin Biesecker The United States aerospace industry continues to grow, albeit at more moderate levels, with continued increases in both the commercial and defense sectors and the outlook for 2009 is more of the same, the Aerospace Industries Association (AIA) reports in its annual year end review. Demand for commercial aircraft is softening and order flow this year has deteriorated with the slumping global economy although record backlogs provide some optimism for the longer-term outlook, AIA says. Military sales…

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