A report released this week by the U.S. Department of Transportation (DOT) and the Aerospace Industries Association suggests that the “airplane part industry” started in 1979 and has grown significantly since then.
The report, “Manufacturing, Distributing and Re-Distributing Aircraft Part Materials: The U.A.A.’s Manufacturing History and Future,” finds that the industry’s production volume rose from $8 billion in 1980 to $24.5 billion in 2010.
It also found that in 1980, aircraft parts were primarily used in aerospace manufacturing, with less than 1% of the entire U.K. aerospace industry using aircraft parts.
The report says, however, that the aerospace industry has seen rapid growth in recent years, especially in the last 10 years.
The industry is now responsible for about one-third of the U,S.
gross domestic product and the vast majority of the manufacturing jobs.
In terms of manufacturing, the report notes that since the 1980s, “there have been a number of advances in aircraft parts technology that have made the production of aircraft parts more efficient and economical.”
These include “more accurate machining tools” and improved manufacturing techniques, as well as new materials, methods and materials.
It points out that the aircraft parts industry “continues to improve its processes and products for the production, handling and shipping of aircraft components, resulting in a significant reduction in cost and time to market.”
While the UAC claims that the UAA “has not experienced significant reductions in the number of aircraft made and assembled in the UAB’s plant since the early 1990s,” the report does note that the number has increased.
The industry has experienced a 5% growth rate since the mid-1990s, and a 6% increase since 2010.
This year’s report is also the first to provide an estimate of the “industry’s annual production volume,” which is the figure that the DOT and the FAA define as the total number of parts made by all U.