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Despite the struggling economy and the challenges that have plagued the commercial aviation market, the national Aerospace and Aviation industry has experienced growth from 2005 to 2009. U.S. Aerospace sales increased by 21 percent and profits increased by 29 percent. However, at the same time, aircraft production lines have contracted as a result of decreased defense spending over the past 15 years. This contraction has limited production surge capacity, an event that is looming as a result of aging aircraft in both the commercial and defense fleets. There is a window of opportunity for the State of Ohio to emerge as a global industry leader. In order to capitalize on this opportunity, the State must address critical gaps in workforce and economic development. The talent development pipeline must focus not only on meeting the current business demand, but also on anticipating future national demand. This forward reaching strategy could position the state to receive aircraft production lines as the industry strains to meet increasing commercial and defense demands. The following strategy provides a view toward the industry, documented business demand—known supply side issues—and recommendations.
Economics | Public Economics | Social and Behavioral Sciences
Rochon , K., & Wright State University Center for Urban and Public Affairs (2011). Aerospace and Aviation Workforce Strategy. .