Employment

Saving American Jobs

Posted: 8/18/2012

Budget cuts in the aerospace and defense industry could cost America 1 million jobs.

(NAPSI)—With budget cuts expected in the aerospace and defense industry, the Aerospace Industries Association (AIA) wants Americans to know how this could affect the economy.

According to a recent Deloitte study, the aerospace and defense industry supports more than three and a half million American workers. The report details the industry’s sales of $324 billion in 2010 and position as the No. 1 contributor to the country’s positive trade balance, at a net $42 billion.

“The data speaks for itself: America’s aerospace and defense industry is a sector that punches far above its weight,” said AIA President and CEO Marion C. Blakey.

A separate study conducted by Dr. Stephen Fuller of George Mason University projects that more than 1 million American jobs could be lost as a result of defense budget cuts.

Both studies are available at www.secondtonone.org.

America’s aerospace and defense workers hope that people will contact their elected officials to let them know how they feel about this issue.

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