Company Profile
Aerospace Industries Association
Company Overview
The Aerospace Industries Association (AIA), founded in 1919 only a few years after the birth of flight, is the premier trade association representing major aerospace and defense manufacturers and suppliers in the United States.
Based in Arlington, Va., AIA is led by a Board of Governors that meets twice a year and consists of senior representatives of member companies at the c-suite level, and an Executive Committee that meets more frequently. A hallmark of AIA is that it receives its policy guidance from the direct involvement of CEO-level officers of the country's major aerospace and defense companies. The government frequently seeks advice from AIA on issues, and AIA provides a forum for government and industry representatives to exchange views and resolve problems on non-competitive matters related to the aerospace and defense industry.
Today, more than 300 major aerospace and defense companies and their suppliers are members of the association, embodying every high-technology manufacturing segment of the U.S. aerospace and defense industry from commercial aviation and avionics, to manned and unmanned defense systems, to space technologies and satellite communications.
Marion C. Blakey is the association's chief executive officer and president. AIA member company representatives sit on various councils and committees being guided by AIA staff to formulate industry positions on specific issues for approval by the Executive Committee and the Board of Governors.
The association concentrates on issues covering civil and commercial space, civil aviation, defense and security and international. In addition, the association has offices for Communications, Legislative Affairs, and Membership Services. Other significant assets of AIA include Second to None, the Supplier Management Council, the Team America Rocketry Challenge and the Aerospace Research Center.
Notable Products / Brands
Second To None
Benefits
SUMMARY OF BENEFITS
Welcome to Aerospace Industries Association of America! AIA offers a comprehensive benefits package for all full-time, regular employees. Please see the following outline of our benefits, which are all effective on the first day of the month following employment, unless otherwise noted. If you have further questions, please consult your Summary Plan Document (SPD) for each benefit, or contact the Human Resources Department.
Medical Insurance – AIA has chosen Kaiser Permanente as its medical insurance carrier. HMO and POS options are available, at an individual or family rate. AIA pays for 80% of the premium for this benefit. The remaining 20% of the premium will be deducted out of 24 paychecks throughout the year.
Dental Insurance – AIA’s dental insurance is offered through Guardian Life Insurance Company. AIA pays 80% of the premium for employee coverage, and 50% of the premium for any dependents. The employee portion of the premiums will be deducted out of 24 paychecks throughout the year.
Short & Long Term Disability – At no cost to the employee, AIA offers Short & Long Term Disability insurance through UNUM. Full-time, regular employees are automatically eligible for this coverage, and no enrollment form is needed. Both disability policies reimburse the employee at 60% of the weekly salary, pending physicians’ recommendation for coverage.
Life Insurance and AD&D - AIA has a group policy through Reliance Standard Life Insurance for Life and Accidental Death & Dismemberment insurance. At no cost to the employee, AIA offers basic life and AD&D coverage at $25,000. A supplemental plan is available, with a maximum benefit of 1.5 times salary, capping at $75,000. AIA covers 50% of the premium for the supplemental policy.
AFLAC Supplemental Insurance – AIA sponsors a variety of supplemental insurance policies through AFLAC. Policies include life, accident, illness, long-term care, and others. AFLAC premiums are paid for by the employee, and are deducted out of 24 paychecks throughout the year. Human Resources has contact information for the local area AFLAC representative for further information.
Flexible Spending Account (125 Plan) – AIA administers an FSA plan that includes pre-tax benefits for qualified medical expenses ($2,500 annual maximum), premiums on health, dental, and life insurance (up to $50,000), and a Dependent Care pre-tax option ($5,000 annual maximum). Please see the employee booklet included in your new hire package for a further explanation of this plan and its benefits.
Pre-tax Transportation and Subsidy – AIA offers up to $50 per month in a travel subsidy for those employees taking the Metro or other form of public transportation. For any transportation needs beyond the $50 a month, AIA offers a pre-tax benefit on transportation and parking, up to the monthly maximums allowable by law ($240 for transportation/$240 for parking). Please see the Human Resources Department to receive a parking pass for the building or to receive the public transportation subsidy and monthly Metro benefits.
AIA Employee’s Savings Plan (401k) – AIA offers a 401k Plan in order that its employees may save for retirement. Employees may elect to contribute the annual maximum permitted by law, or up to 25% of salary, whichever is less. AIA provides a matching contribution up to 5% of the employee’s salary. Full vesting is reached after three years of employment. You are eligible to participate in this plan on the first day of the month following your six-month anniversary.
Employee Development & Tuition Reimbursement Plan – AIA offers up to $1,000 a year per employee for work-related seminars, conferences, and workshops to further employee training and development. Tuition assistance is also offered ($4,000 annual maximum) upon proof of acceptable passing grades from an institution of higher learning. Both the employee development plan and the tuition reimbursement plan are dependent upon budget availability. Before enrolling in a class or training course, consult your supervisor and the Human Resources Department for funding approval.
Paid Leave Programs- AIA offers both a sick leave and a vacation leave program, starting the first day of employment. Sick leave and vacation leave are accrual-based programs, and hours must be accrued before paid leave can be taken. Sick leave is accrued at the rate of 12 days per calendar year (3.46 hours per pay period) regardless of tenure with the organization. The paid leave accrual schedule is as follows:
Years of Service Days per Year Bi-weekly Accrual
0-4 15 4.33 hours
5+ 20 5.77 hours