Aerospace & Defence

AEROSPACE?

The Aerospace industry is involved in the research and development, manufacture, marketing/sale, and servicing of aircrafts, helicopters, missiles, space vehicles, aircraft engines and related parts. Ever since the first sustained flight made by the Wright Brothers in 1903, aviation has grown into a huge industry that now manufactures aircrafts ranging from cutting edge fighter jets to jumbo jets that can carry over 800 people.?

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The industry manufactures products which can be broadly classified into two categories based on their use: civilian and military.

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Some of the major companies that manufacture civilian products include Boeing, Airbus, and Bombardier.

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Major players in the Aerospace defence industry include the likes of Dassault Aviation, EADS, Lockheed Martin, Boeing, and BAE Systems.

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The number of jobs in the Global Aerospace industry is expected to grow at a rate of almost 10 percent through 2014. Factors like increasing air travel and fat defence budgets of developing economies like?India,?Brazil?and?China?are responsible for fuelling the industry growth. It is the civil aerospace segment which is expected to grow at a faster pace than the defence segment. An initial estimate reveals that by the end of 2027, the world?s airlines will take delivery of 29,400 civil airplanes valuing a total US$ 3.2 Trillion, just to keep pace with the growing demand for air travel.

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The?US?represents the biggest aerospace market, with total sales reaching close to US$ 204.4 Billion in 2008. It is home to some of the well known names in the industry: Boeing, Lockheed Martin, Northrop Grumman, and Pratt and Whitney.?

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Occupations

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Management, business, and financial occupations.

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Technical Managers: Have an engineering background; they lead teams comprising of engineers who are involved in testing and research and development activities.

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Industrial Production Managers: These people work at the factory floor, in charge of managing the workers, lower level managers in the factory, and coordinate production activities.

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Financial Managers, Purchasing Managers, Accountants and Auditors, Sales and Marketing Executive: These people are needed to take care of the financial well being of the company and sale/purchase deals involving the company.

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Indian Prospective

Recently, the Confederation of Indian Industry (CII) and PricewaterhouseCoopers revealed that the Indian aerospace industry is the fastest growing aerospace industry across the world, as reported by?INDIA TODAY.??India?s MRO (maintenance, repair and overhaul) segment will grow at 10%, reaching US$ 1.17 Billion by 2010 and US$ 2.6 Billion by 2020. Additionally,?India?is rapidly emerging as a potential international hub for manufacturing activities as it possesses a large pool of engineers and management graduates, and a cost-efficient environment.

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Media

Honeywell Aerospace CEO Rob Gillette on what to expect from the aerospace industry at The International Paris Air Show.

http://www.foxbusiness.com/search-results/m/22465172/the-future-of-aerospace-industry.htm

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Employment in the Aerospace industry

http://www.youtube.com/watch?v=tmHKEdzKAy4

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This video profiles young people working successfully today in Washington State’s aerospace and marine industries.

http://www.youtube.com/watch?v=tAWvLhV9AuU

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