Interesting facts about the aerospace and defense industry

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Image source: Birmingham.ac.uk

A lot of Americans are vaguely familiar with the name “aerospace and defense” probably because they hear it on occasion in the news.  However, to paint a clearer picture, here are some notable facts about the industry.

  • The aerospace and defense industry can be divided into the two industries in its name. The aerospace half involves the production and sale of commercial aircraft, while the defense side assembles systems (and weaponry) for land, sea, and air military operations.
  • Some of the projects of the aerospace industry aside from aircraft are missiles and space vehicles. The industry also develops and produces subsystems such as propulsion and key support systems, and equipment for flight simulations.
  • Relatively few countries have an aerospace and defense industry since it eats up a substantial portion of the economy. However, governments have been quick to justify the cost, citing the overall political value of the industry both domestically and globally.
  • The United States military is the single largest market for defense systems in the world. Not only does it purchase aerospace and defense systems for America, it also supplies equipment for its allies all over the world.
  • The many space exploration programs, such as a manned mission to Mars, keep the aerospace industry busy.
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Image source: SanDiegoBusiness.org

Scott Beale has led various aviation firms in attaining growth in revenues with his competencies in strategic and tactical planning, account development and acquisition, government contract and management, sales team training and supervision, and financial reporting.  More reads on aviation here.

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