Aerospace exports hit an all-time high.Aerospace exports hit an all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high U.S. aerospace exports totaled $32.1 billion last year, an all-time high, and the industry, largely clustered clus·ter n. 1. A group of the same or similar elements gathered or occurring closely together; a bunch: "She held out her hand, a small tight cluster of fingers" Anne Tyler. in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , was the nation's leading net exporter. Nationwide exports of commercial transports reached $12.3 billion in 1989 and civil exports rose to a record $25.6 billion. The statistics, reported recently by the trade group Aerospace Industries Association, are based on U.S. Commerce Department studies and do not reflect individual regions of the country. Aerospace, for the fifth consecutive year, proved the leading net exporter among U.S. industries. Its balance of trade totaled $22.1 billion in 1989, a 24 percent increase over the prior year. Imports of commercial aerospace products reached $10 billion in 1989, a 10 percent gain over last year. Civil imports fell marginally mar·gin·al adj. 1. Of, relating to, located at, or constituting a margin, a border, or an edge: the marginal strip of beach; a marginal issue that had no bearing on the election results. 2. to $7.2 billion. The dark spot in aerospace trade concerns military sales, which are key to the Southern California economy and have cooled under the Bush administration, compared with the Reagan heyday hey·day n. The period of greatest popularity, success, or power; prime. [Perhaps alteration of heyda, exclamation of pleasure, probably alteration of Middle English hey, hey. . Military exports fell to $6.5 billion, down from $6.7 billion in 1988. Meanwhile imports of military aerospace products nearly doubled to $2.8 billion from $1.5 billion in 1988. Since U.S. Secretary of Defense Dick Cheney Che·ney , Richard Born 1941. Vice President of the US (since 2001). took over the military's top administrative post he has cut $231 billion from the Pentagon's five-year defense plan. Cheney has overseen the cutting of 60,000 military personnel and steps to close 86 military bases. |
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