Mar 30 2004
From The Space Library
The FAA released an analysis of the economic impact of the commercial space-transportation industry on the United States' economy. The report examined how industries ~ such as launch-vehicle manufacturing, satellite services, and remote sensing ~ affect economic activity, employee earnings, and the amount of employment in all major industry sectors. Based on data from 2002, the FAA had found that the commercial space-transportation industry had contributed US$95 billion to economic activity in the United States, including US$23.5 billion in employee earnings. The report also stated that demands for commercial space transportation and its products and services had resulted in the employment of nearly 600,000 people. In addition, the FAA had found that much of this economic impact was the result of increased demands for satellite services and ground-equipment manufacturing, which includes satellite-related hardware and consumer electronics used with satellite services. (FAA Office of Commercial Space Transportation, “The Economic Impact of Commercial Space Transportation on the U.S. Economy: 2002 Results and Outlook for 2010” (study, Washington, DC, March 2004), 1-6.
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