Abstract
The U.S. aerospace industry currently provides high quality jobs for both large and small business and a significant positive balance of payments with its high value exports of military and commercial aircraft. This position is declining, however, as airlines purchase aircraft manufactured in Europe at a lower cost and with higher technology due to government subsidies and concessions. The FLASH program will help to reverse the loss of market share by the U.S. commercial transport aircraft (down to 60% in 1993 from 95%in 1980), and enhance the global competitiveness of the U.S. aerospace industry. It will help industry to capture significant portions of the $ 1 ,034 billion (1992 dollars) new aircraft market projected from 1 992 to 2011.
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