Aerospace Exports Looking Up

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Here's a taste of a story that will run in Wednesday's Daily Breeze.

From El Segundo to Sylmar and nationwide, aerospace firms sent exports to an unprecedented level last year. The U.S. aerospace industry’s trade balance hit a record $60.4 billion in 2007, an increase of nearly 11 percent over 2006, the Aerospace Industries Association reported Tuesday. “The sustained growth in aerospace trade is a good sign not only for our industry, but the U.S. economy as a whole,” AIA president and CEO Marion Blakey said in a statement. “Our industry’s track record as a major net export earner for the United States helps to offset the nation’s chronic trade deficit.” Civil aircraft accounted for about half of all aerospace exports last year, helped by growing demand abroad in both emerging and established markets, AIA said.

You can read the rest tomorrow.

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This page contains a single entry by Muhammed El-Hasan published on April 22, 2008 3:40 PM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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