Defense Tech Giant BAE Spent $982M in New Hampshire Last Year

NAHSUA, NH - Defense tech giant BAE Systems announced recently that it contributed almost a billion dollars to the New Hampshire economy last year.

According to a release from BAE systems, the corporation contribued $982 million to the local economy in New Hampshire in 2017, measured by aggregate employee salaries, subcontracts, and charitable donations.

The total impact combines $842.5 million in payroll and benefits to more than 5,400 New Hampshire-based employees; $138.1 million awarded for subcontracts and purchase orders to 251 suppliers in the state, including $86.2 million to 190 small businesses; and $1.4 million in charitable funds to assist various causes in the region.

Of the $1.4 million in charitable funds, BAE Systems donated $730,000 and company employees donated directly more than $738,000. Included in the company’s donations in New Hampshire was $436,000 in financial support to higher education, high schools, and STEM (Science, Technology, Engineering, and Math) programs. Additionally, New Hampshire employees volunteered nearly 2,500 hours to organizations that support armed forces and their families, first responders, education, and health.

“We are committed to supporting our local communities and the larger economy in the New Hampshire region and beyond,” said Terry Crimmins, president of BAE Systems’ Electronic Systems sector, which is based in Nashua. “In 2018, we’re poised for growth and remain dedicated to delivering cutting-edge capabilities in areas including electronic warfare, threat management, precision munitions, undersea, space, cyber, and autonomy to keep our warfighters safe.”

Courtesy Photo / BAE Systems