BAE Systems contributes nearly $1 billion to NH’s economy
Electronic Systems division has 580 job openings in Nashua
BAE Systems contributed $982 million to the local economy in New Hampshire in 2017 — the sum of aggregate employee salaries, subcontracts and charitable donations.
A wholly owned U.S. subsidiary of London-based BAE Systems plc, BAE houses its Electronic Systems division in Nashua, where it has 5,400 New Hampshire employees that earn $842.5 million in payroll and benefits, according to a press release from the government contractor.
A total of $138.1 million is awarded for subcontracts and purchase orders to 251 suppliers in the Granite 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 division 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.”
Last year alone, BAE Systems hired more than 1,000 people into the division in New Hampshire and other locations. To further meet customer needs around world, BAE Systems plans to hire 580 additional employees in New Hampshire in 2018, with job openings in engineering, operations, manufacturing and other key areas.
Nationwide, BAE — which is headquartered in Arlington, Virginia, with major operations in 38 states — employs more than 28,000 in the U.S. and holds more than 2,100 U.S. and foreign patents across numerous technology areas and serves multiple market segments, including electronics, maritime and land platforms, and intelligence and support services.