Amid fierce competition from the EU and the UK, the U.S. expanded its exhibition space at the strategic Farnborough Airshow by 22%
Hampshire, UK – This year, the U.S. expanded its exhibition footprint at the Farnborough Airshow by 22%. With booming growth in the aerospace, defense, and space industries, American policymakers took center stage, competing against European rivals to attract investment from relevant enterprises. Compared to the previous event, the number of U.S. government agencies and private companies participating increased by 21%, and the U.S. exhibition area now occupies about one-third of the entire show. Nine U.S. Senators, multiple governors, and other local and state-level officials attended the event.
"This underscores just how important this is for the United States," said Gareth Rogers, CEO of the Farnborough International Airshow.
According to Reuters, as global tensions escalate, governments worldwide are increasing defense spending; meanwhile, investments in the aerospace supply chain have surged in response to the thousands of aircraft orders backlog from Boeing, Airbus, and Embraer—deliveries for which will take several years. Additionally, the growing frequency of space and satellite launches is further driving development in the aerospace sector.
Several states, including Kansas and Alabama, hosted receptions in London to attract potential investors; dozens of other states set up booths at the airshow to showcase their advantages to businesses, including low taxes and relaxed regulatory environments, competitive energy prices, and a highly skilled workforce.
The Aerospace Industries Association, a U.S. industry group, stated that in 2025, the U.S. aerospace and defense industry generated $1 trillion in commercial activity, accounting for 1.6% of U.S. economic output and supporting over 2.1 million jobs.
The U.S. will also face intense competition. The EU is increasing defense spending by 8.6%, reaching a record €4.54 billion (approximately $5.181 billion) by 2026; meanwhile, European countries are also developing new plans to boost investment in aerospace and create jobs.
The UK government unveiled a £600 million ($802.5 million) support program for the UK’s aerospace industry on Wednesday, including £500 million allocated to aerospace research, development, and technology projects, and £100 million dedicated to establishing a new aerospace supply chain fund.
Source: rfi
Original article: toutiao.com/article/1871480761369668/
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