Aerospace takes off. (aerospace industry growth)
Economist (US), The, April, 1989
Aerospace takes off
GLOOM has turned to boom in the aerospace industry during the past two years. From about 25 in the 1940s, the number of aircraft manufacturers in the non-communist world dwindled relentlessly until, by the mid-1980s, there remained only five companies capable of building a jet airliner - and the future for some of those looked dicey. The minnows, British Aerospace and Holland's Fokker, could never again afford to make a new jet airliner on their own. Officials from Airbus Industrie went to California to discuss joining with McDonnell Douglas to compete harder against Boeing. But now billion-dollar aircraft orders are announced almost daily. Instead of too many aeroplane-makers, there are too few.
Aerospace firms are rewriting their...
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