Aerospace industry contributes $284 billion to U.S. GDP

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Eric Fanning President & Chief Executive Officer, Aerospace Industries Association | Official website

Aerospace industry contributes $284 billion to U.S. GDP

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Arlington, VA – A report commissioned by the Aerospace Industries Association (AIA) and prepared by PwC outlines the significant contribution of the U.S. commercial aerospace industry to the national economy. The report emphasizes its role in innovation, employment, and maintaining a positive trade balance.

Eric Fanning, President and CEO of AIA, stated, “The American commercial aerospace industry drives economic growth by every measure. From creating well-paying jobs to investing in cutting-edge research and development, to supporting a healthy supply chain, our industry is a success story across the board." He added that "our new report makes clear the need for a strong policy and trade framework that protects and promotes this high-value, export-driven sector for the long term.”

The findings underscore the importance of policies that support this sector's growth.

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