The FAA uses a program to record and track U.S. Civil aircraft incident data, called the FAA Accident Incident Data System. Here is a link to the FAA website where this can be accessed

Here is an example of how data collected from an aircraft accident investigation is used. This is the recreation of Eastern Airlines Flight 401(yes, back from the day when some of our folks were just learning what an airplane was) that crashed due to several factors, but primarily lack of situational awareness:
There are numerous other systems used to track aviation safety data. The Enforcement Information System tracks the complete history of each enforcement case, allows it to be input from the field, and keeps copies of all documentation. The Service Difficulty Reporting System is used to identify aircraft failures or malfunctions. These reports are required by regulation, and are kept on record for 10 years. They help to identify short-term safety problems and track trends in reports for repetitive malfunctions to specific aircraft and component types. The Air Operator Data System, unlike most other systems, has no regulatory requirement for reporting to the FAA. The information that is reported refers to air carriers and other commercial operators and the structure of their organizations. This data helps to analyze air carrier operating practices, by individual company or industry-wide, and help give a view of areas such as scheduling pressure on aircraft, engine reliability data, and maintenance and operating procedures.
One final area of reporting safety data is the Aviation Safety Reporting System, which is run by



References
Wells, Alexander T., and Clarence C. Rodrigues. Commercial Aviation Safety. New York: McGraw-Hill, 2003. Print
YouTube - Broadcast Yourself. Web. 19 Apr. 2010.
YouTube - Broadcast Yourself. Web. 19 Apr. 2010.
National Transportation Safety Board. Web. 20 Apr. 2010.
FAA: Home. Web. 20 Apr. 2010.
FAA: Home. Web. 20 Apr. 2010.
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