LAEDC Future Forum: Aerospace and Defense

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Date(s) - 05/07/2024
3:00 pm - 5:30 pm



As we look to the future of Aerospace & Defense, many exciting possibilities exist. Space tourism, hypersonic commercial flights, new material construction, and more can launch the industry beyond what we thought was possible. But as we look out from Earth to the skies and beyond, we must also understand and mitigate the impacts of this industry on human-induced climate change.

The U.S. Federal Aviation Administration is transforming the aviation industry with its NetZero 2050 plan, underlining a federal commitment to make aviation cleaner, quieter, and more sustainable. Within the NetZero 2050 is the push for adopting Sustainable Aviation Fuels (SAF), the EAGLE initiative to eliminate the use of leaded aviation gasoline, and efforts to make airports more sustainable through the Zero Emission Vehicle Program and the Energy Efficiency Program as well as quieter to reduce community impact.

On the local level, the Los Angeles Region is leading the way, with North America’s largest and the world’s most advanced SAF facility located in Paramount, California, which has the potential to produce 340 million gallons of SAF each year. Air Supply’s Paramount facility is more impressive because it used to be an ordinary fuel refinery, highlighting how we can adapt existing facilities into new opportunities for our region.

According to LAEDC’s Institute for Applied Economics, we expect the Paramount facility to have an employment impact that will increase from over 1,300 jobs in 2019 to an estimated 5,360 jobs in 2024. The resulting labor income from these jobs will grow from $102 million to almost $404 million.

Join us for the Future Forum on Aerospace & Defense: Reducing Carbon Footprints in the Skies as we look to navigate new regulations, build an equitable workforce, improve our infrastructure, and help launch legacy businesses into green space.