Released on = June 10, 2007, 10:25 pm

Press Release Author = Shushmul Maheshwari

Industry = Aerospace

Press Release Summary = The ageing employees in the US aerospace industry are
increasingly becoming a cause of concern for the recruiters, as a huge number of
skilled workers will reach the retirement age by 2008.

Press Release Body = As per a recent report “US Aerospace Industry
Analysis” published by RNCOS, it has been found that the US aerospace industry
continues to be the largest in the world. Employing about 631,000 workers, this
industry encompasses aircraft, space vehicle & parts, search navigation and
navigation instruments, engines and engine parts, etc. Of all these segments,
aircraft accounted for nearly 218, 000 jobs trailed by search detection and
navigation instrument that accounted for 158, 500 jobs during the year 2006.

However, the US aerospace industry is now encountering some serious problems in the
form of an increasingly graying workforce. Ranks of employees falling under the age
group of 25 to 34 years also dropped to 15% in 2005, whereas it was 27% during 1992,
as per the Aerospace Industries Association. It’s expected that roughly one of
every four employees will reach the age of retirement by the next year.

The situation is grim for defense contractors because unlike other industries
encountering skill shortage, defense contractors can’t hire non-US citizens.
The main hindrance in hiring non-US staff is national security-clearance and govt.
restrictions upon technology transfer.

Another main problem is the looming threat known as “brain drain”.
Companies are formulating creative ways, ranging from conducting online chat with
students to speeding up the pace of young workers becoming senior leaders, so that
talent can be lured and retained.

Industry analysts are optimistic that this shortage can be deflected. \"The work
force isn\'t going to suddenly disappear, we actually have enough time to start
building up the folks for the future.\" Assistant vice-president with the Aerospace
Industries Association, Jeremiah Gertler said this, as reported by the Associated
Press, on May 21, 2007.

As per the RNCOS report “US Aerospace Industry Analysis”, “US
aerospace industry witnesses health growth in 2006. Sales are expected to grow by
around 5.9% this year (2007) to exceed US$ 195 Billion. This growth will be spurred
by the slight increase in Defense Dept.’s purchases and expansion of space
sector. However, commercial aircraft, engines & engine parts deliveries will witness
faster growth.”

Key issues and facts analyzed by this report include: detailed analysis of US
Aerospace industry, why Aerospace industry is important for US economy, key drivers
& challenges faced by US Aerospace industry, etc.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM503.htm
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Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com