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AIA PRESIDENT CALLS FOR GOVERNMENT ACTION

 AIA PRESIDENT CALLS FOR GOVERNMENT ACTION
 WASHINGTON, Dec. 11 /PRNewswire/ -- Don Fuqua, president of the


Aerospace Industries Association, called on the government to become part of the solution to improving American competitiveness. At a luncheon address today, he said that the government is "now a big part of the problem" and that it "must wake up to the realities of the new global markets." "Increased aerospace competitiveness is an absolute essential if the United States is to reduce its international trade deficit and stem the loss of American jobs."
 Most important to the defense industry, Fuqua called for the removal of the remaining legislative and regulatory obstacles to the industry's financial health.
 "Our industry is not making a fair return on its investments. Profits on defense work are declining below a reasonable level, debt is increasing, investments in capital equipment and R & D are declining," said Fuqua.
 "The defense industry can live with lower levels of defense contracting if the reductions are carried out in an orderly fashion, but it cannot live with helter-skelter, poorly-considered cuts and slashes that more often than not cost more than the savings claimed for them," said Fuqua.
 According to Fuqua, it is imperative that the industry maintain its defense technological capability and industrial base in the face of sharply lower defense business levels.
 "Maintaining a strong defense industrial base will require substantial industry investment in technology development and production programs," said Fuqua. "If the government really wants a strong defense industrial base, it must reinforce the cornerstone by fostering the improved financial health of the aerospace and defense history."
 In addition, Fuqua called on the government to remove the broad variety of trade restrictions it imposes on the U.S. aerospace industry. Specifically, Fuqua called for a coherent national policy on defense exports coupled with some kind of export credit guarantee facility. Secondly, he said that the government should limit to an absolute minimum its controls on technology transfer.
 "Denial of an export sale does not, as a rule, deny the technology to the buyer," said Fuqua. "It just denies jobs and income to the U.S. producer, and the customer can get equivalent technology elsewhere."
 AIA is the trade association representing the nation's manufacturers of commercial military business aircraft, helicopters, aircraft engines, missiles, spacecraft, and related components and equipment.
 -0- 12/11/91
 /CONTACT: Alexis Allen of Aerospace Industries Association, 202-371-8544/ CO: Aerospace Industries Association ST: District of Columbia IN: ARO SU:


SB-MK -- DC001 -- 1501 12/11/91 13:16 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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