BAE Systems makes its economic mark in N.H.Employing more people than some New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). towns have residents and awarding millions in subcontracts, BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. in Nashua has generated a financial impact in the Granite State of more than $630 million in 2007, an increase of $59 million from $571 million in 2006, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the firm. The British-based defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; employs some 4,700 people in New Hampshire with a payroll of $480 million. In 2006, payroll was $429 million. It is the largest manufacturing employer in New Hampshire, according to New Hampshire Business Reviews New Hampshire Business Review is a bi-monthly publication, based in Manchester, covering business-related issues in New Hampshire. It is published on newsprint by Pennsylvania-based Independent Publications, which also owns the Telegraph of Nashua 2008 Book of Lists. In 2007, the firm reported, it awarded $150 million subcontracts and purchase orders to New Hampshire businesses, an increase of some $8 million from $142 million in 2006. Beyond employees and businesses, company officials said BAE Systems also has a significant impact on local nonprofits and charities. Employees, along with the company itself, donated $3.2 million in cash and in-kind services to nonprofit organizations and charities in the state, which included more than $1.6 million to United Way and a five-year, $1 million capital pledge to the University of New Hampshire's Engineering School. Employees also donated some 6,000 hours of volunteer time to the Granite State Regional FIRST robotics corn petition, held each year in Manchester. "BAE Systems and its employees have a long history of placing the needs of our customer, country, and communities first to protect those who protect us," said Lu Goncalves-Getty, community relations 1. The relationship between military and civilian communities. 2. Those public affairs programs that address issues of interest to the general public, business, academia, veterans, Service organizations, military-related associations, and other non-news media entities. manager for the company. "BAE Systems believes in giving back to the communities where we live and work. That commitment combined with local spending and payroll, make a significant contribution to the economic health and well-being of New Hampshire." |
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