In 2022, the aerospace and defense industry exported $104.8 billion of goods, showcasing the global innovation and manufacturing prowess of the United States.
In order to continue broadening and ensuring the competitiveness of the U.S., AIA recommends the Presidents Export Council focus on key areas for 2024:
1️⃣ Securing global supply chains: The U.S. needs resilient, diverse, and secure supply chains to support its national security and economic objectives, including reducing trade dependencies.
2️⃣ Ensuring access to critical minerals: Modernization of commercial and defense capabilities has rapidly increased the demand for critical minerals and regulatory restrictions on the sourcing of critical minerals must reflect the realities of today’s global markets.
3️⃣ Creating a permissive regulatory environment for emerging and advanced capabilities: The A&D industry is at the forefront of emerging and advanced capabilities and wants to partner with the U.S. government to develop policies and regulatory frameworks for these new technologies.
Learn more about AIA's recommendations:
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1moWe the people should rename this institution - the United States Department of Overpriced Global Terrorism