The US aerospace industry is a thriving sector that embodies the best of our nation. Worldwide, it is unmatched in terms of its innovation, technology development, business strength, and job creation. In 2016, the aerospace industry generated $872 billion in sales for the United States.
Aerospace is at the core of American economic strength and prosperity. In 2016, our industry supported 2.4 million American jobs. America’s aerospace workforce accounts for 13 percent of the nation’s manufacturing workforce.
Over $146 billion in exports produced by the aerospace industry reduced the US trade deficit by a record $90.3 billion. Our industry outperformed the national trade average, growing by 2.2 percent, even as all other US goods saw a 3.3-percent decrease in exports. Aerospace is the nation’s second-largest gross exporter.
Globally, American aerospace represents the gold standard for quality and reliability of products. The US government continues to see the potential in American new and emerging aerospace technologies, investing $84.7 billion, a 7.5 percent increase.