ABSTRACT

Global Competitiveness of the U.S. Aviation Industry: Addressing Competition Issues to Maintain U.S. Leadership in the Aerospace Market, Hearing Before the Subcommittee on Aviation Operations, Safety, and Security of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Twelfth Congress, Second Session, July 18, 2012   [open pdf - 4MB]

This is the July 18, 2012 hearing on "The Global Competitiveness of the U.S. Aviation Industry" held before the U.S. Senate Committee on Commerce, Science, and Transportation. From the opening statement of Maria Cantwell: "Today's witnesses are a broad cross-section of America's aviation sector, and we must take this opportunity to promote innovative strategies that will secure our future in the world and the marketplace. The U.S. aviation sector is vital to our nation's economy. According to the FAA, in 2009, the U.S. aviation industry supported more than 10 million direct and indirect jobs and contributed more than $1.3 trillion to our economy, which is about 5.2 percent of our overall gross domestic product. […] The manufacturing of civil aircraft and components provided for more than 1 million jobs and provided $185 billion in economic activity. And international sales of these aviation parts added up to about $75 billion, making aerospace our largest export industry, a key contributor to reducing our overall trade imbalance. With the projections for future growth, the aerospace industry represents a great opportunity for job growth in America, but only if we take the right actions necessary to make sure that we stay competitive. Today's hearing is about seizing on those opportunities." Statements, letters, and materials submitted for the record include those of the following: John Tracy, Dan Elwell, Stanley Sorscher, Pete Bunce, and Nicholas E. Calio.

Report Number:
S. Hrg. 112-850; Senate Hearing 112-850
Publisher:
Date:
2014
Copyright:
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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