A champion of the aviation and aerospace industries, Senate Republican Leader Jean Fuller (R-Bakersfield) delivered opening remarks at the National Aerospace Foreign Direct Investment (FDI) Exposition today at the Century Plaza Hotel in Los Angeles. The Expo is the first national FDI event specific to the aerospace industry.
During her remarks, Sen. Fuller discussed the contributions of the aerospace industry to California’s economy.
“California is widely recognized as a leader in the agriculture and entertainment industries. We feed our world, and our movies and music are popular across the globe. But what many people don’t realize is that the revenue from our aerospace industry is equivalent to both those sectors combined,” said Sen. Fuller. “It is an honor that California was asked to host the first aerospace investment expo of this kind, and I think it speaks volumes about how competitive this state really is when it comes to aerospace innovation.”
Earlier today, the U.S. Air Force announced a contract with Northrop Grumman for the manufacture and assembly of a new fleet of long-range stealth planes. The contract is expected to bring $60 billion worth of investment and hundreds of new jobs to California.
“Aerospace manufacturing is enormously important to California’s present and future competitiveness, and this contract is great news for the state,” Sen. Fuller continued.
The National Aerospace FDI Exposition is a three-day event from October 26-28 and will showcase California’s strength in the aviation and aerospace industries while providing investors with first-hand knowledge of the industries’ merits.