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Tuesday, Nov 29, 2022
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Aerospace exports flew high in ’07

The U.S. aerospace export balance soared to a record $60.4 billion in 2007, good news for the about 75,000 workers employed by the industry in Los Angeles County, an industry group reported. The trade balance – the difference between imports and exports – increased nearly 11 percent over 2006 levels, according to the Aerospace Industries Association. “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.” For the full story visit http://www.dailynews.com/ci_9018574

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