|strong demand abroad, with the result that the industry consistently records a large international trade surplus. 2. Employment. Despite several years of decline in number of workers, the aerospace industry remains one of the nation’s largest manufacturing employers. 3. Research and development. The industry conducts more research and development (R & D) than any other industry, and R|
Pick a chapter out of the book and write a minimum 3 page paper, not including the cover page, abstract, and bibliography. Feel free to have sources outside of the textbook as long as it pertains to the chapter you choose. Make your paper APA format. APA resoursces are located here: Here is a paper that I did in APA format . If you would like to use it as a template, feel free. Feel free to express yourself and . Points possible: 50 points INTRODUCTION In a short span of 100 years, we have gone from making a few test flights to orbiting celestial bodies, from sliding along sand dunes to spanning oceans, from performing feats of isolated daring to depending on aviation in our everyday lives. Speeds have increased a thousandfold, as have altitude and range capability. No longer is the sky the limit. Ahead lie risks and rewards as vast as space itself. We have the promise of new airliners that fly with greater fuel efficiency, of huge air freighters that move the nation’s goods, of an expanding general aviation fleet, and of the peaceful uses of space for exploration and research. THE AEROSPACE INDUSTRY The aerospace industry includes those firms engaged in research, development, and manufacture of all of the following: aerospace systems, including manned and unmanned aircraft; missiles, space-launch vecles, and spacecraft; propulsion, guidance, and control units for all of the foregoing; and a variety of airborne and ground-based equipment essential to the testing, operation, and maintenance of flight vecles. Virtually all of the major firms in the aerospace industry are members of the Aerospace Industries Association (AIA) or the General Aviation Manufacturers Association (GAMA). Founded in 1919 and based in Wasngton, D.C., the AIA is a trade association representing the nation’smanufacturers of commercial, military, and business aircraft, helicopters, aircraft engines, missiles, spacecraft, and related components and equipment. GAMA, also based in Wasngton, D.C., is the trade association that represents the interests of manufacturers of light aircraft and component parts. As the 21st century began, approximately two-trds of the aerospace industry’s output was bought by the federal government. During the past two decades, ts figure has ranged as gh as 74 percent. At the same time, the aerospace industry is the world’s largest producer of civil aircraft and equipment. Roughly 6 out of every 10 transports operating with the world’s civil airlines are of U.S. manufacture, and in addition, the industry turns out several thousand civil helicopters and general aviation planes yearly. These facts underline the unique status of the aerospace industry. Its role as principal developer and producer of defense, space, and other government-required systems in large measure dictates the industry’s size, structure, and product line. Because it operates under federal government procurement policies and practices, the industry is subject to controls markedly different from those of the commercial marketplace. But the aerospace industry is also a commercial entity, and it must compete in the civil market for economic and human resources with other industries less fettered by government constraints. Its dual nature as government and commercial supplier makes the aerospace industry particularly importantto the national interest. Its technological capabilities influence national security, foreign policy, the space program, and other national goals. Also, the efficacy of the national air transportation system depends to considerable degree on the quality and performance of equipment produced for the airlines and the airways operators. Naturally, such an industry is vital to the U.S. economy, especially in the following areas: 1. Trade balance. The excellence of U.S. aerospace products has created strong demand abroad, with the result that the industry consistently records a large international trade surplus. 2. Employment. Despite several years of decline in number of workers, the aerospace industry remains one of the nation’s largest manufacturing employers. 3. Research and development. The industry conducts more research and development (R & D) than any other industry, and R & D is a major long-term determinant of national economic growth. 4. Impact on other industries. A great many new aerospace-related products and processes have spun off from the initial aerospace requirement and have provided value to other industries, both in sales and in productive efficiency. In addition, the aerospace industry is a large-scale user of other industries’ goods and services: it has been estimated that for every Wensveen, John G. (2012-10-01). Air Transportation: A Management Perspective (Kindle Locations 870-881). Ashgate Publisng Ltd. Kindle Edition.