Printer Friendly

FUQUA TELLS NATIONAL AVIATION CLUB PRODUCTION CRITICAL TO AEROSPACE INDUSTRIAL BASE

 WASHINGTON, March 12 /PRNewswire/ -- The aerospace industry's continued technological strength and its ability to produce high quality, high technology products is absolutely essential to maintain the aerospace industrial base, said Don Fuqua, president of the Aerospace Industries Association (AIA).
 Speaking at the National Aviation Club luncheon today, Fuqua warned that the net result of a declining defense budget and the continuing economic problems of the world's airlines will result in the loss of even more thousands of skilled workers and scores of competent suppliers, with production lines shutting down and the closing of research facilities.
 "It is ... a matter of national concern because the capabilities of this flagship industry represent a national asset that is vitally important to the attainment of the goals the new administration has set," said Fuqua. "I can't think of any single industry more important to the national economy that the aerospace industry."
 According to Fuqua, an adequate level of production is absolutely vital to preserving the aerospace high tech capability. "Generally speaking, however, if we are to prove a product's reliability, if we are to advance manufacturing technology, if we are to maintain a defense production base for reconstitution -- then the industry must produce. There must be at least limited production of key systems that involve critical technologies."
 To provide additional work for industry and to preserve the aerospace industrial base, Fuqua called on the administration to shift depot maintenance workload to industry. While our industry is downsizing because of reduced military requirements, government depots are "spending millions to modernize their facilities and they are making strong sales pitches to keep those facilities active."
 According to Fuqua, product diversification also offers further potential for new workload in the industry. "We don't want to convert,' we prefer to diversify,'" Fuqua said. "We are very much interested in diversification which, by our definition, means branching our into new areas of high technology non-defense work where our existing skills and facilities can be effectively employed."
 Provided that the government supports industry, increased sales of exports also offers potential expanded workload for the industry. "In the best of all possible worlds," said Fuqua, "industry would prefer to rely on market forces to shape its destiny rather than government help and the looking over industry's shoulder such help inevitably brings. But we are not living in the best of all worlds; we are living in a time when trade competition is intense and all other trading nations of the world have adopted the government/industry team approach wherein an industry's technical strengths are reinforced by the political strengths of its government."
 AIA is the trade association representing the nation's manufacturers of commercial, military and business aircraft, helicopters, aircraft engines, missiles, spacecraft, and related components and equipment.
 -0- 3/12/93
 /CONTACT: Alexis Allen of the Aerospace Industries Association, 202-371-8544/


CO: Aerospace Industry Association ST: District of Columbia IN: ARO SU:

KD-IH -- DC004 -- 5501 03/12/93 12:29 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 12, 1993
Words:489
Previous Article:HILLSIDE EXTENDS 20-YEAR PARTNERSHIP WITH FIRST DATA
Next Article:NAW REACTS TO PRODUCER PRICE INDEX
Topics:


Related Articles
BUDGET CUTS THREATEN DEFENSE INDUSTRIAL READINESS
AEROSPACE EMPLOYMENT AND SALES IN ALL PRODUCT CATEGORIES DECLINE IN 1994
Civil Aircraft Recovery Drives Industry Rebound
Aerospace, Defense Leaders to Review More Than $535 Billion In Upcoming Work At Aviation Week's A&D Programs And Productivity Conference; Keynote...
Aviation Daily's Jens Flottau Receives Top Award From German Aviation Writers Association.
Statement from AIA President and CEO John W. Douglass on the Centennial of Flight.
Kaman Signs Follow-On Contract to Supply Wing Components to Boeing.
Looking East: promising future for China's aerospace industry.
UAE plans to become aerospace industry hub in two years.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters