U.S.-based aerospace companies accounted for $303.5 billion in sales last year, part of a total $872.1 billion in the aerospace and defense sector’s annual sales.
That represented a marginal 0.7 percent dip from 2015, according to a new report. The Aerospace Industries Assn. released its 2017 Facts & Figures report on the U.S. aerospace and defense industry on June 15.
The U.S. A&D industry’s recent revenue high dates back to 2012, when it posted $882.2 billion in revenue from industrywide sales and services. (text continues)
Of the 2016 total, 52 percent — at $450.1 billion — was reported by companies producing “end-use goods and services including aircraft, space systems, land vehicles, ships, armaments and cyber,” according to the AIA report. The remaining $422 billion was by “supply-chain companies” including those providing engineering, testing, IT and other non-core services in cooperation with commercial space contractors.
Aerospace companies accounted for $303.5 billion of the industry total, and defense and national security companies for $146.7 billion. Breaking down individual sales segments for last year, there were $342.7 billion for aeronautics, $40.4 billion for space systems, $52.2 billion for land and sea systems, and $14.9 billion for cyber.
Meantime, A&D provided 2.4 million U.S. jobs in 2016 — a 0.6 percent dip from the previous 12 months.
Some 845,500 jobs, or 35 percent, were attributed to companies producing aircraft, space systems, land vehicles, ships, armaments and cyber goods. The remaining 1.6 million jobs were with supply-chain companies.
Commercial aerospace accounted for 490,000 jobs, or 20 percent, of the A&D industry total. In a segment breakdown, 547,900 A&D jobs were in aeronautics, 79,000 in space systems, 140,900 in land and sea systems, and 77,700 in cyber operations.