Washington State Aerospace Sector - In Brief

WASHINGTON STATE SOARING TO NEW HEIGHTS

Washington State Department of Commerce

Washington offers aerospace companies plenty of room to expand and grow.

SOARING TO NEW HEIGHTS For more than a century, Washington State has been at the very forefront of innovation in the aerospace industry, designing and building some of the most advanced and successful commercial and military aircraft, unmanned aerial systems (UAS) and space

exploration vehicles the world has ever seen.

Washington offers exciting opportunities across the board, from interiors, tooling and composites to avionics, structures, navigation

systems and research and development. Decades of orders and new programs ensure a steady supply of work for savvy businesses and investors who want to be part of Washington’s robust supply chain.

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SECTOR OVERVIEW

BOEING’S IMPORTANCE

Washington’s aerospace sector benefits from a dense ecosystem of innovation and invention and serves as the supply chain for every major aircraft manufacturer and air carrier in the world.

Washington’s aerospace industry ushered in the era of successful commercial jet service and reinvented the way aircraft are designed and built over the last century.

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1,400 aerospace related companies; the largest cluster in the U.S.

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20% of all aerospace workers in the U.S. are in Washington State.

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#1 U.S. exporter of aerospace products $50+ billion in aerospace exports per year.

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More than 1,400 commercial, military and unmanned aircraft systems produced annually.

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$70 billion in business revenues.

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7.9% annual growth rate for the aerospace sector.

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The Boeing Company was founded in Washington in 1916.

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Nearly 90% of all commercial aircraft produced in the U.S. are manufactured in the state.

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Boeing has eight commercial programs in Washington, including the new 737 MAX and 777X.

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Washington is the sole manufacturer of the 737, 747, 767 and 777 lines and produces the vast majority of 787s.

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The company currently has a backlog of 6,000 orders.

SKILLED WORKFORCE One of the things that truly sets Washington apart in the aerospace industry is our highly skilled, superbly trained workforce that brings unparalleled expertise to the workplace.

Photos Courtesy: Boeing Images

Washington State Department of Commerce

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Qualified and growing workforce of 136,100 – educated, competitive and sustainable.

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Center of Excellence for Aerospace and Advanced Manufacturing.

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2nd highest concentration of aerospace engineers in the U.S.

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World-renowned industry-university R&D.

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Innovative partnerships between aerospace companies and state colleges and universities to align training with industry needs.

Innovative Washington companies lead the way in aftermarket modifications and customization.

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Washington State is equidistant between key Asian and European markets.

SUPPLY CHAIN OPPORTUNITIES Every segment of the industry does business in Washington, including Tier 1 and 2 companies as well as OEMs. •

Washington’s supply chain is the second largest supplier to Airbus.

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Aerospace suppliers in Washington work with all major manufacturers, including Boeing, Airbus, Embrarer and Bombardier.

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800+ multinational firms are in the state, employing 160,000 workers, including BAE Systems, Dassault Systemes, GKN Aerospace, Heroux-Devtek, Nabtesco, Safran, Toray Composites, Umbra and Zodiac Aerospace.

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Sector opportunities include aerostructures, composites, advanced materials, aircraft interiors, engineering and tooling, avionics, IT, R&D, unmanned aerial systems, entertainment and navigation systems and commercial space.

BUSINESS FRIENDLY The state offers special tax exemptions, credits and reductions for a wide range of aerospacerelated activities to make businesses more competitive in the marketplace.

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No retail sales or use tax for the construction of new facilities used to manufacture commercial airplanes, fuselages or wings of commercial airplanes.

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Tax credit for preproduction development expenditures.

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Tax credit for property/leasehold taxes paid on aerospace business facilities.

GLOBAL BUSINESS HUB Washington State provides businesses with a convenient gateway to major markets with direct flights to global hubs, an extensive sea, land and air cargo network and miles of rail and roads.

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Equidistant between key Asian and European markets. Daily direct flights to major international gateways.

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11 deep draft ports, some a day or two closer to Asian markets than other West Coast ports.

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3,666 miles of railway providing access to North, Central and South American markets, partners and suppliers.

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No personal or corporate income tax.

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Reduced tax rate for aerospace businesses (40% reduction).

7 international, 16 commercial and 19 regional airports.

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No sales or use tax on machinery and equipment used in manufacturing operations.

Major highways and interstates connect to Canada and all 50 states.

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No retail sales or use tax for the construction of new facilities used for airplane repair and maintenance.

WASHINGTON STATE

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Contact Us Today If your aviation or space company wants to soar to new heights, put Washington State on your radar.

To find out more about Washington’s booming aerospace sector and how you can be part of it, call (206) 256-6100 or email us at: moreinfo@choosewashingtonstate.com or on the web: www.choosewashingtonstate.com