BAE Systems boosts New Hampshire economy by $586 million in 2011
BAE Systems generated an economic impact of more than $586 million in New Hampshire during 2011
NASHUA, New Hampshire — BAE Systems generated an economic impact of more than $586 million in New Hampshire during 2011. This figure reflects $491 million in direct payroll to 4,515 employees in the Granite State. The company’s financial impact also includes over $90 million awarded for subcontracts and purchase orders to more than 400 suppliers throughout the state. BAE Systems suppliers are located in 60 different cities and towns in New Hampshire with 71 of these companies providing business services in excess of $100,000.
BAE Systems is proud of its New Hampshire heritage which dates back 60 years,” said Tom Arseneault, president of BAE Systems Electronic Systems sector. “As the largest manufacturer in the state, we are pleased to continue to provide critical technology and systems to our customers and make a positive impact on the Granite State’s economy.
The company and its employees also contributed $2.4 million in cash and in-kind services to area civic, charitable, and educational institutions during 2011. Employee contributions to New Hampshire charities included more than $1.5 million to support local United Way campaigns and other employee-specified charities. The largest corporate contribution was $100,000 to support the McAuliffe-Shepard Discovery Center in Concord, New Hampshire.
BAE Systems employees volunteer their time to many community organizations. The largest volunteer effort in 2011 was in support of the FIRST ® Robotics BAE Systems Granite State Regional competition in Manchester. Employees logged more than 3,500 hours last year to support the annual event which helps students discover the rewards and excitement of science, engineering, and technology.
BAE Systems Electronic Systems sector is headquartered in Nashua, New Hampshire and employs 12,000 people at 23 sites across eight states. Within the Granite State, BAE Systems employs approximately 4,500 people across five main locations; Manchester, Hudson, Merrimack and two facilities in Nashua.