• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

Current price of silver as of Thursday, September 3, 2026

3

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

1

As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

Current price of silver as of Thursday, September 3, 2026

3

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch
TechAerospace

U.S. Aerospace Industry Sees First Job Growth in Five Years

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
February 16, 2016, 9:20 AM ET
Boeing Displays Commercial Aircraft For Media Ahead Of Farnborough Air Show
EVERETT, WASHINGTON - JUNE 13: A Boieng 747-8 sits on a assembly line June 13, 2012 at the Boeing Factory in Everett, Washington. (Photo by Stephen Brashear/Getty Images)Photograph by Stephen Brashear — Getty Images
Google source logo
Add Fortune on Google for similar content.

The U.S. aerospace and defense industry is poised to add 39,443 jobs in 2016, an increase of about 3.2% and the first job growth in the sector in five years, according to a study by Deloitte.

The anticipated growth will be driven by a rebound in the U.S. military market, which lost about 185,000 jobs over the last five years due to budget cuts and the drawdown of military forces in the Middle East, the report said.

The Pentagon’s plan to add $13 billion to its fiscal 2016 budget will help drive a 3.7% increase in jobs in the defense part of the sector, while low oil prices and strong travel demand should boost employment in the commercial sector by 1.8%, the report said.

Get Data Sheet, Fortune’s technology newsletter.

Employment in the overall aerospace and defense sector fell an estimated 0.8% in 2015, compared with a drop of 1.1% a year earlier, the report said. Overall, employment in the sector had dropped 9.4% since 2010, it said.

“The U.S. aerospace and defense sector continues to be one of the top employers in the U.S. economy, even with the five-year decrease in total employment,” Tom Captain, vice chairman, Deloitte LLP, and aerospace and defense leader, said in a statement accompanying the report.

“A return to growth will be healthy for innovation, product development and game-changing technology creation – a cornerstone of this industry,” he said.

The study showed that the aerospace and defense sector directly employed 1.2 million workers in 2014, and another 3.2 million workers who supported the industry in nearby communities.

Deloitte said the defense subsector had contributed heavily to the decline in the overall sector, shedding 18% of jobs since 2010. But that decline was partially offset by job growth of 17% in the smaller commercial aerospace sector.

The report said seven states accounted for half of all U.S. aerospace and defense sector employees: California, Washington, Texas, Florida, Arizona, Connecticut, and Kansas.

(Reporting by Andrea Shalal; Editing by Dan Grebler)

About the Author
By Reuters
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.