From: Commission on the Future of the United States Aerospace Industry
Posted: Friday, December 21, 2001
WASHINGTON - In its first interim report to the President and Congress, The Commission on the Future of the United States Aerospace Industry has recommended that a comprehensive analysis of the federal aerospace budget be conducted.
In letters to the President and to the Congress, Commission Chairman Robert S. Walker wrote that after the Commission's first public meeting on November 27,Κ "(A)n initial determination from our deliberations was that federal government aerospace sector spending is currently spread across multiple government agency budgets, with oversight by numerous and different Congressional committees.Κ As a result, none of these government groups has an integrated view of our national aerospace efforts.Κ We further determined that the current process and structure lack the necessary overall insight and accountability for development and implementation of a coherent national strategy and program - making it difficult to provide overall national aerospace leadership and oversight."
From these findings, the Commission unanimously voted to issue this interim report recommending that the following sectoral budget analyses be conducted of federal government and industry aerospace spending and submitted to the Commission on or before March 15, 2002:
ΚΚΚΚΚΚΚ ΚΚΚΚΚΚΚ (1) The Office of Management and Budget (OMB) prepare a spending breakout, by category, as an addendum to the FY03 President's Budget Request;
ΚΚΚΚΚΚΚ ΚΚΚΚΚΚΚ (2) The Department of Commerce compile and present baseline statistics on the economic performance and investment expenditures of each aerospace industry sector for the purposes of comparison to the federal outlays; and
ΚΚΚΚΚΚΚ ΚΚΚΚΚΚΚ (3) The Congressional Budget Office provide an FY02 sectoral budget breakdown that parallels the OMB FY03 submission.
Copies of the interim report are attached and can be found at http://www.aerospacecommission.gov.
The Commission on the Future of the United States Aerospace Industry is a congressionally mandated commission, as established in Section 1092 of the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001, Public Law 106-398.Κ The Commission was formed to study the future of the United States aerospace industry in the global economy, particularly in relationship to United States national security; and to assess the future importance of the domestic aerospace industry for the economic and national security of the United States.Κ The next public meeting of the Commission is scheduled for February 12, 2002.ΚΚ
CONTACT: Melissa Sabatine, (703)
602-1515, ext 110
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