Growth in the US A&D sector

Despite a decrease in total exports from the US in 2015, gross US aerospace and defense (A&D) sector exports jumped US$5 billion in 2015 with commercial aircraft leading the way. These exports are expected to grow another 3.2 percent in 2016. In addition, the A&D sector was the largest contributor to America’s net exports during the period 2010 through 2015, where the sector accounted for 9.5 percent of total US exports in 2015, rising from its contribution of 7.1 percent in 2010. This demonstrates that US A&D products are continuing a trend of being more attractive to foreign customers likely due to functionality, branding, competitiveness, and pricing, despite the headwinds caused by a strong US currency. At the subsector level, America’s commercial aerospace gross exports grew US$6 billion in 2015. Defense exports declined by US$800 million, largely due to regulatory approvals, contractual delays, and a decline in global defense spending in 2015.

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