The U.S. aerospace industry is recovering faster than expected from the global economic downturn, but future growth will hinge on companies’ ability to capture more overseas business as the Pentagon’s budgets are constrained, according to the Aerospace Industries Association’s (AIA) annual forecast. The industry’s revenues are expected to grow 1% this year, to $216.5 billion, as an 8% increase in military aircraft sales offsets a 6% decline in civil aircraft revenues. And sales should ...

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