Aircraft
U.S. Military Aircraft Sales May Peak at $66.5 Billion
Aerospace Industries Association president and CEO Marion Blakey delivers the 2011 year-end review. (Photo: Paul Lowe)
Aerospace Industries Association president and CEO Marion Blakey delivers the 2011 year-end review. (Photo: Paul Lowe)

U.S. military aircraft sales rose by 6.7 percent, to $66.5 billion, in 2011, the 10th and probably final year of growth before steep government spending reductions. Sales of military aircraft are expected to decline by $1.4 billion in 2012, according to the Aerospace Industries Association (AIA).