AIA Issues Report on defense investment.
Press Release Summary:
According to AIA's report, Defense Investment: Finding the Right Balance, defense investment accounts support current operations and also ensure troops will always have tactical advantage of technological superiority. It takes historical look at spending in investment accounts as well as ebb and flow of spending since the 1970s. Report concludes USA and its military members pay "large price" when we decrease spending on procurement and research and development.
Original Press Release:
AIA Issues Report on Defense Investment
Arlington, Va. - Defense investment accounts not only support current operations, they also ensure that our troops will always have the tactical advantage of technological superiority, according to a new report released by AIA.
"We all recognize the need to address the nation's debt and deficit spending," said AIA President and CEO Marion C. Blakey at a Senate Aerospace Luncheon. "On the surface, defense investments are easy reductions. But with a worldwide mission and a limited number of service members, we must make up in technological capability what we lack in numbers."
The report, Defense Investment: Finding the Right Balance, takes a historical look at spending in the investment accounts and the ebb and flow of spending since the 1970s. It concludes that our nation and its military members pay a large price when we decrease spending on procurement and research and development.
"Americans can be proud that the products used by men and women in uniform are the best in the world," Blakey said. "These systems provide our military with an unparalleled battlefield advantage-they certainly deserve no less."
The report recommends 35 percent of the budget devoted to modernization accounts, as a prudent and affordable level for supporting the force of today and the future.
"The U.S. defense industry remains a key strategic asset for the United States," Blakey said. "However, it is an asset that must be managed, maintained and sustained to ensure our service members are equipped to succeed under the most demanding circumstances."
The report is available at: http://www.aia-aerospace.org/economics/reports_white_papers/
-AIA-
Founded in 1919 shortly after the birth of flight, the Aerospace Industries Association is the most authoritative and influential trade association representing the nation's leading manufacturers and suppliers of civil, military and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, homeland and cybersecurity systems, materiel and related components, equipment services and information technology.
Daniel N. Stohr
Communications Coordinator & Manager of Publications
Aerospace Industries Association
1000 Wilson Blvd., Suite 1700
Arlington, Virginia 22209 USA
T: 703-358-1078 F: 703-358-1012
dan.stohr@aia-aerospace.org
