Industry trends of Aerospace in 1983 would foresee Global aerospace sales rise to pass $100 billion for the first time in 1983, with the United States accounting for about 70 percent of the industry’s total output. U.S. aerospace firms were buoyed by expanding activity in the defense and space sectors, but sales of civil aircraft remained weak, principally because of the sluggish world economy. Pointing out that foreign manufacturers had made gains in the export market through active support by their governments, American manufacturers and trade associations sought more U.S. government support for the export of aerospace products. Industry leaders also encouraged the government to give a higher priority to research and development—specifically, by loosening restrictions on the amount of R and D expenditures that defense contractors could charge back to the government.
The U.S. aerospace industry as a whole held its own in 1982, as total sales increased slightly, to $67 billion from 1981′s final revised figure of $63.2 billion. A pronounced drop-off occurred in the civil sector, in which sales fell by some 30 percent, to $11.7 billion. Sales of military aircraft, on the other hand, rose to an all-time high of $24.4 billion; those of space products (civil and military combined) climbed to $11 billion; and those of missiles increased slightly, to $8.3 billion. But although the U.S. aerospace balance of trade remained healthy, $10.7 billion in the black, the total surplus was down by nearly $3 billion from the 1981 figure which gave a bright prospect for Industry trends of Aerospace in 1983.