Massachusetts leads New England defense cluster

Total economic impact

Output (GDP): $48.6 billion (7.1%)

Employment (full-time equivalent (FTE) jobs): 139,102 (3.8%)

Labor income: $15.2 billion (4.6%)

Private defense industry

Output – GDP: $36.2 billion

Employment (FTE jobs): 119,548

Labor income: $134.4 billion

Military defense infrastructure

Output – GDP: $12.4 billion

Employment (FTE jobs): 19,554

Labor income: $1.8 billion

Top defense contractors, prime contracts (annual average 2020-2022)

General Dynamics: $0.9 billion (5.3%)

MIT: $1.1 billion (6.7%)

General Electric: $1.8 billion (10.6%)

Raytheon: $4.1 billion (24.8%)

Other contractors: $15.3 billion (52.6%)

Key takeaways

$178.3 billion: Total funding the New England private defense industry received from DOD/DHS contracts from 2020 to 2022

8,089: Total private companies in New England that received prime DOD/DHS contracts

407,523: Total jobs the New England Defense Cluster supported

$40.3 billion: Total income New England Defense Cluster generated for households

$119.1 billion: Total economic output of New England Defense Cluster

Source: https://senedia.org/economic-impact