This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AIA Urges Passage Of Export-Import Bank Deal

ARLINGTON, Va., May 7, 2012 /PRNewswire-USNewswire/ -- The Aerospace Industries Association strongly urges Congress to pass the bipartisan agreement reauthorizing the Export-Import Bank.  With the May 31 deadline swiftly approaching, it is imperative that Congress act quickly.

"This agreement helps level the playing field versus foreign competitors who receive substantial financing from their own governments," said AIA President and CEO Marion C. Blakey.  "We can't expect American companies to compete with one hand tied behind their backs."

The Cantor-Hoyer agreement reauthorizes the Export-Import Bank for three years and extends its lending authority to $140 billion.  The bank has generated more than $4 billion dollars in revenue over the last six years – making a profit for the government and helping to reduce the deficit. 

In an era of increasing budget austerity, we need every contribution to deficit reduction that we can find.  The shrinking U.S. federal budget makes it imperative that U.S. aerospace companies, particularly small and medium sized parts and components manufacturers, increase exports of their commercial products.  The Export-Import Bank makes possible many of those exports whether they are incorporated into civil aircraft, commercial satellites or dual-use items.

"We're delighted that a bipartisan agreement was reached in the House," Blakey said. "It's a testament to the importance of this agency that leadership on both sides of the aisle could work together to find a solution."

Facebook  |  Flickr  |  LinkedIn  |  Twitter  |  YouTube

Founded in 1919 shortly after the birth of flight, the Aerospace Industries Association is the most authoritative and influential trade association representing the nation's leading manufacturers and suppliers of civil, military and business aircraft, helicopters, unmanned aircraft systems, space systems, aircraft engines, homeland and cybersecurity systems, materiel and related components, equipment services and information technology.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs