America Holds The Largest Aircraft Industry - 1291 Words

orporate Aircraft in America America holds the largest Aircraft industry in the world. The industry greatly depends on the advancement of the technology for its growth. The industry on the hand has the largest aircraft manufacturing sector around the globe. The development of the industry has prompted American firms to be the most successful in the world. These companies are the leading suppliers of both armed and public aerospace hardware across the globe. However, non-American companies are determined to control the world market and are gradually challenging the dominance of the American Companies. There is no other sector in the United States that gives the largest net income through export than the Corporate Aircraft in America (Belobaba, Odoni and Barnhart, 2009). In 2014, it was estimated that the industry exported about $72.1 billion. The export was up by 10% as compared to what the industry had imported in 2013. Nevertheless, in 2012, the U.S. aircraft industry gave approximately $118.5 billion in overseeing sales to the U.S. economy. According to a recently conducted research by the United State Department of Commerce, the industry export creates the largest job opportunities more than any other commodity export. The industry directly creates about 500,000 jobs in scientific and technical across the United States. Also, the industry employs more than 700,000 workers in aircraft related jobs. Overseas sales of general aircraft, engines, and other related machineryShow MoreRelatedAmerica Holds The Largest Aircraft Industry1287 Words   |  6 PagesAmerica holds the largest Aircraft industry in the world. The industry greatly depends on the advancement of the technology for its growth. The industry on the hand has the largest aircraft manufacturing sector around the globe. The development of the industry has prompted American firms to be the most successful in the world. 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