{"id":201205,"date":"2015-04-14T12:43:26","date_gmt":"2015-04-14T16:43:26","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/what-is-the-aerospace-sector.php"},"modified":"2015-04-14T12:43:26","modified_gmt":"2015-04-14T16:43:26","slug":"what-is-the-aerospace-sector","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/aerospace\/what-is-the-aerospace-sector.php","title":{"rendered":"What is the aerospace sector?"},"content":{"rendered":"<p><p>A:  <\/p>\n<p>    The aerospace sector, one of the largest and most powerful    industries in the United States, supplies five markets:    military aircraft, missiles, space, commercial airliners and    general aviation. The U.S. aerospace sector is considered the    largest in the world and is the main supplier of both military    and civil aerospace hardware to the rest of the world. This    sector directly employs about 500,000 workers in scientific and    technical jobs, and supports more than 700,000 jobs in related    fields. Because of the great emphasis on research and    development, about 25% of those who work in aerospace are    engineers, scientists and technicians. Aviation is one of the    fastest-growing industries in the United States, and it has    increased yearly at the rate of at least 14%.  <\/p>\n<p>    The aerospace industry's product line is broad because its    primary products, flight vehicles, require up to millions of    individual parts. In addition, many support systems are needed    to operate and maintain the vehicles. In terms of sales,    military aircraft have the largest market share, followed by    space systems, civil aircraft and missiles. According to a    recent study by the U.S. Department of Commerce, aerospace    exports directly and indirectly support more jobs than the    export of any other commodity.    In 2012, the U.S. aerospace industry contributed $118.5 billion    in export sales to the U.S. economy.  <\/p>\n<p>    In 1958, the National Aeronautics and Space Administration    succeeded the National Advisory Committee for Aeronautics and    initiated the Mercury manned     space program. In 1959, the U.S. Aircraft Industries    Association, which was formed in 1919 to promote American civil    aviation, changed its name to the Aerospace Industries    Association. U.S. aerospace industry interests are represented    through the AIA, an aerospace-industry-funded organization that    provides a forum for technical and policy issues, and whose    membership consists of the major companies in the field. In    2000, America's largest aerospace companies, ranked in terms of    total revenue, were Boeing, Lockheed Martin, United    Technologies, Honeywell, Raytheon and Textron. Among the    leading companies in the American corporate aircraft market are    Raytheon, Cessna and Gulfstream, which is part of General    Dynamics.  <\/p>\n<p>    The aerospace sector's origin in the United States dates back    to December 1903, when Wilbur and Orville Wright demonstrated    an airplane capable of powered, sustained flight. In 1908 the    Wrights secured a contract from the U.S. Army to make a single    aircraft, and also licensed their patents to allow the Astra    Company to manufacture aircraft in France. Glenn Curtiss of New    York began selling his own aircraft in 1909, prompting many    American aircraft hobbyists to turn entrepreneurial.  <\/p>\n<p>    Air and     space travel have become entrenched in daily life. Federal    programs and recent or pending legislation are in place to    ensure the future of the aerospace industry in the United    States. This legislation includes the 2010 National Space    Policy, which is intended to give U.S. commercial space    companies the opportunity to provide new services to the    government such as cargo transportation to the International    Space Station as well as human transport for exploration.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Go here to see the original:<\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.investopedia.com\/ask\/answers\/041415\/what-aerospace-sector.asp?partner=mediafed\/RK=0\/RS=72Vl7XhHQNgWadfoVfBvgL8FMUg-\" title=\"What is the aerospace sector?\">What is the aerospace sector?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> A: The aerospace sector, one of the largest and most powerful industries in the United States, supplies five markets: military aircraft, missiles, space, commercial airliners and general aviation. 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