This uses the Spatial Analyst extension.
In the Spatial Analyst toolbar->options->set the working directory(or something like that, I'm not at my machine at the moment) to where you want the new DEM to be saved.
In Spatial Analyst->Raster Calculator type "newDEMname=merge(DEMsurvey,DEMfromAerial,USGSDEM)" without the quotes. That will combine your DEM's into a single DEM of whatever you call "newDEMname" in the working directory you set.
The DEM will be built using the order going right to left(ie USGS will be base, then written over by Aerial, then written over by survey)
newDEM=Mosaic(same DEM order) will also work, but when i have overlapping data I prefer merge.
NOTE: If your cells are offset or of different sizes, the results might be a little funky
Also, if the USGS DEM has way more data than you need, you can clip it down using a polygon shapefile and Spatial Analyst->Extract by Mask if you want to make it a bit more manageable.