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Study Shows that Boeing's Missile Defense Work Adds to Arizona's Economy

By Matthew Potter | December 12th, 2008 @ 3:00 pm

We wrote earlier this week of Raytheon’s and Northrop Grumman’s contribution to the recent successful missile defense test. Boeing is the prime contractor on the development and production of that system. Now Arizona State University has conducted a study that documents how much work the program brings to Arizona through Boeing’s efforts. The press release is at MarketWatch.com. The study says that over $190 million is added to the state’s economy through the contracts related to the program. The benefits include almost two thousand highly paid workers who pay state income, sales and local property taxes. Boeing work within the states generates over thirty seven thousand jobs directly and indirectly. This type of money is one of the reasons it can be hard to end or cancel a program as Congress desires to keep it going due to the economic effects on localities.

Tags: Boeing Co., Sales Strategy, Taxes, Free Trade, Operational Accounting, Sales, Financial Planning, Finance, Matthew Potter

Matthew Potter works supporting US Army aviation programs. He holds degrees in history as well as studying at the Defense Acquisition University. He has written for Seeking Alpha and at his own website, Defense Procurement News.

 

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BNET Government provides daily industry news coverage and insights for managers and executives about the world wide business of government contracting. We analyze new and interesting contract awards, policy changes by governments, and the trends in procurements and spending. There will also be discussion of the industry with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.