The Australian aerospace industry makes a signficant contribution to the national economy. Approximately 750 firms employ 12,000 people; the industry has an annual turnover of more than $4 billion. Of this sum, 20% is exported.
The industry has a high technology base, is globally integrated and supplies to major international prime contractors. Its involvement with the Boeing 787 project and the Joint Strike Fighter program demonstrates the industry's expertise and competitiveness.
In 2006, members of the industry came together to form the
Australian Aerospace Industry Forum. Industry led, the Forum seeks to ensure the continued development of a sustainable aerospace industry, promote Australian capabilities and provide a collective voice to government on current issues.
The Department participates in Forum meetings and provides secretariat support for the Forum and its working groups and sub-committees.