Leading up to the Farnborough Airshow, the Aerospace Industries Association has released data showing the positive impact aerospace and defense has on US trade, including a positive balance of $86 billion. "Robust US government and industry presence are a signal that the US is serious about strengthening our international relationships and increasing aerospace and defense exports," said Remy Nathan, AIA vice president of international affairs.
Lockheed Martin Chooses Orlando for New R&D Facility Orlando's steady pipeline of aircraft and aerospace engineers combined with Florida's friendly business climate gives Lockheed Martin a competitive advantage and enables the company to win numerous major U.S. defense contracts. That's why Lockheed Martin chose to build its new Research and Development (R&D) facility in Orlando. Read more.
NATO countries have renewed their commitment to spending 2% of economic output on defense by 2024, a step that promises to benefit US defense manufacturers. The US is the No. 1 military exporter worldwide, accounting for 34% of global arms trade.
Northrop Grumman CEO Wes Bush will hand the reins to Chief Operating Officer Kathy Warden on Jan. 1. "She has demonstrated exceptional leadership in her roles leading the operations of our company, and she brings the vision and values to lead Northrop Grumman into the future," Bush says.
Sen. Mike Lee, R-Utah, is pushing legislation that would require the Defense Department to brief Congress on defense spending by allies. "NATO and other mutual defense agreements have a purpose, but until we no longer bear the greatest brunt of the financial burden, we cannot and should not consider expanding these commitments," Lee said, announcing the Allied Burden Sharing Report Act of 2018.
Register: AIA receptions at the Farnborough International Airshow
Register now to attend AIA's receptions at the Farnborough Airshow. AIA's President’s Reception on Sunday, July 15, is exclusive to AIA Members. AIA's Industry Reception at Kensington Palace on Tuesday, July 17, is open to the general public. Learn more and register here.