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Business/Financial

After Gains In 2009, AIA Projects Flat Growth In 2010, Decline In 2011

DDN

Thursday, December 17th, 2009

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By Calvin Biesecker The aerospace industry is on its way toward posting modest growth this year, driven by strong military sales and a slight improvement in civil aircraft business, but the outlook for 2010 is basically flat as further increases in military business will largely be offset by a decline in commercial aerospace, the Aerospace Industries Association (AIA) said yesterday. And, in 2011, the overall aerospace sector will experience a decline as a drop-off in civil business due to worsening…

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