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Saturday, April 28, 2012

BAE worth $586m to New Hampshire in 2011, company says

NASHUA – By employing people and awarding subcontracts and purchase orders, BAE Systems generated an economic impact of more than $586 million in New Hampshire during 2011, the firm has calculated.

BAE contributed $491 million in direct payroll to 4,515 employees in the Granite State, officials said. $90 million was awarded for subcontracts and purchase orders to more than 400 suppliers throughout the state, in 60 cities and towns in New Hampshire.

BAE said its employees contributed $2.4 million in cash and services to area civic, charitable, and educational institutions during 2011.

Contributions 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.

The largest volunteer effort in 2011 was in support of the FIRST Robotics BAE Systems Granite State Regional competition in Manchester, when employees logged more than 3,500 hours to support the event that helps students discover science, engineering, and technology.

BAE Systems’ Electronic Systems is headquartered in Nashua and employs 12,000 people in eight states.

In New Hampshire, BAE Systems employs approximately 4,500 people at five locations in Manchester, Hudson, Merrimack and two Nashua facilities.