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Review of the Future of the U.S. Aerospace Infrastructure and Aerospace Engineering Disciplines to Meet the Needs of the Air Force and the Department of Defense (2001) / Chapter Skim
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4. Financial Health of the Aerospace Industry
Pages 26-28

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
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From page 26...
... Funding for innovative R&D is down 50 percent from the mid-1980s and is increasingly focused on supporting ongoing programs rather than on breakthrough technologies. In an era of few large production programs, the Cold War approach of "getting well on production," that is, making up for research expenses in the production phase of a program, is no longer viable.
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From page 27...
... A monopsonistic industry operates much differently than a competitive industry because the single customer ultimately provides the resources that attract workers and capital. There are few, if any, perfectly free markets anywhere with many suppliers and many buyers, perfect information, and no applied restraints.
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From page 28...
... . Air Force management and budget decisions affect fundamental elements of the defense aerospace sector (e.g., program risk and stability, profit margins, proprietary ownership, investment in technology development, authority to transfer technology into commercial applications)
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Key Terms

  • defense aerospace
  • defense industry
  • aerospace sector
  • force management
  • broad consensus

  • primary customer
  • defense industrial
  • industrial base
  • industry environment
  • defense products

  • aerospace infrastructure
  • aerospace sales
  • varying relationships
  • industry restructuring
  • low return

  • management policies
  • budget decisions
  • studies discussed
  • force program
  • dramatically consolidated

  • committee understands
  • rapidly expanding
  • industrial community
  • defense companies
  • significant share

  • industry sales
  • defense sector
  • ultimately provides
  • technological opportunities
  • production phase


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