The Economics of Military Aviation: A condensed version of a paper presented at the Spring Convention held by the Royal Aeronautical Society on Economic Factors in Aviation

Abstract

THERE are at present some 45,000 aircraft of various types in service in the air forces of the non‐communist world. Most of these aircraft will need to be replaced in the course of the next decade. A growing number of the world's air forces are also being equipped with guided missile systems. It is not easy to put a monetary value on the business which will arise from this. But taking into account the fact that defence expenditure is showing little sign of declining anywhere in the world, and that air defence is likely to absorb an increasing proportion of defence budgets, the demand in the non‐communist world for military aircraft and missiles with their spares during the next decade could well amount in value to some £50 billion.

Citation

Davies, H. (1970), "The Economics of Military Aviation: A condensed version of a paper presented at the Spring Convention held by the Royal Aeronautical Society on Economic Factors in Aviation", Aircraft Engineering and Aerospace Technology, Vol. 42 No. 7, pp. 20-23. https://doi.org/10.1108/eb034659