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Global commercial satellite opps help to make the season bright for aerospace. (U.S. aerospace industry)(Industry Overview)
The U.S. aerospace industry is on the verge of ending its protracted downward slide, in part, due to growing commercial space opportunities fueled by rising demand for satellite communications and the likely stabilization of U.S. government defense spending, said Don Fuqua, president of the Aerospace Industries Association. Revenues from the commercial space business have grown at a 20 percent annual rate throughout the 1990s, principally due to rapidly expanding activity in satellite communications, he added. Commercial space sales are expected to reach $6.5 billion this year largely because of further communications ...
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