Guest Blog by Francisco Sanchez,
Under Secretary of Commerce for International Trade
This week I have had the privilege of attending the 2011
Paris Air Show, the largest aerospace industry show in the world. Since
arriving on Sunday, I’ve participated in numerous industry events, met with
CEOs, governors, ministers, members of congress and association
Yesterday, I presided over the opening ceremony for the U.S.
Pavilion with U.S. Secretary of Transportation Ray Lahood, Hawaii senator
Daniel Inouye, Alabama senator Richard Shelby, and Secretary of the Air Force
Michael Donley. More than 200 U.S.
companies are displaying their innovative and forward-thinking technology here.
The U.S. aerospace industry is a strategic contributor to
the economy, national security, and technological innovation of the United
States The industry contributed $78 billion in export sales to the U.S. economy
in 2010 and is important to achieve the goals of the President’s export initiative.
The aerospace sector in the United States supports more jobs
through exports than any other industry.
Earlier today I witnessed a signing ceremony between Boeing
and Aeroflot, Russia’s state-owned airline. Aeroflot has ordered eight 777s
valued at $2.1 billion, and the sales will support approximately 14,000 jobs in
the United States.