Aerospace Facts and Figures 1995-1996.
Abstract
The aerospace year 1994 was more or less a mirror image of its predecessor, characterized by substantial reductions in overall sales and in every product category. With three principal business components defense, space, and commercial aircraft-simultaneously in decline, sales fell almost 10 percent after an 11 percent drop in 1993. The year-end backlog declined by 11 percent. The bright spot in an otherwise bleak picture was an upturn in net new orders, a gain of 14 percent after four years of decline, auguring an improvement in the industry's activity in near-future years. Here is a breakdown of the industry's 1994 performance: Sales. Industry sales amounted to $111.2 billion, compared with $123.4 billion in 1993. Even after seven years of declining defense production, the Department of Defense (DoD) remained the industry's principal customer. Defense sales amounted to $44 billion, down from $46.4 billion. Sales to non-U.S. government customers, half of which represented deliveries of airline transports, came to $36.7 billion, down from $44.1 billion. Aircraft deliveries predominated in a breakdown of sales by product group. Sales of aircraft, engines, and parts, civil and military combined, totaled $58.1 billion, or 52 percent of sales; this compares with $66.3 billion in 1993. After two years in which civil aircraft sector sales topped sales of military aircraft products and services, military aircraft once again took No. 1 ranking among the product groups. Sales of military aircraft products and services amounted to $32.1 billion (down from $32.5 billion). Civil aircraft sector sales, at $26 billion, were down significantly from $33.8 billion in 1993.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1995
- Accession Number
- ADA304934