CT Experience Defense Industry BoomMarch 6, 2017
President Trump's plans to boost defense spending – along with some other factors at home and overseas – have been a 2017 boon for CT's defense industry.
Electric Boat (EB) has recently asked its suppliers to plan for growth:
With more work coming down the pipeline, Electric Boat is asking its suppliers in Connecticut and across the country to generate their own plans to support the growth in submarine construction.
There’s little doubt that President Trump’s plan to increase defense spending will boost Connecticut’s defense economy:
President Donald Trump‘s proposal to boost Pentagon spending by $54 billion could be a big win for Connecticut manufacturers that build helicopters, submarines and engines for fighter jets.
Gov. Dannel Malloy highlighted the Connecticut defense industry’s growth and strength in his January State of the State address. Its not just a rise in government spending, but the civilian gun market and rising overseas military demand that promises to benefit Connecticut’s industry:
Aerospace firms propel Connecticut’s business abroad. That sector accounted for some $6.7 billion in exports in 2015, the most recent year for which exporting data is available. That total more than doubled the sum for the second-largest exporting industry, industrial machinery.
With so much defense manufacturing anchored in Connecticut, there is no doubt that Connecticut stands to benefit from the recent boom.
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