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Study: Defense industry boosts New England economy | Boston.com

Connecticut experienced the second largest revenue boost from federal contracts in the region, with $12.7 billion pumped into the state’s economy last year — up 58 percent from 2003 and accounting for more than 101,000 jobs.

New Hampshire gained $1.3 billion from defense contracts, more than doubling its amount revenue. And Maine’s contract for new Navy destroyers at the General Dynamics Iron Works facility in Bath, contributed to the largest state increase since 2003, bringing in $5 billion in 2011, compared to the $1 billion brought in just eight years earlier.

Meanwhile, Rhode Island and Vermont received the smallest direct economic boost from federal defense and homeland security contracts, each taking in less than $1 billion in 2011.

For more on this story, visit: Study: Defense industry boosts New England economy – Boston.com.

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