Missouri Governor Mike Parson recently announced that more than $14 billion in military defense contracts were awarded to Missouri companies in Fiscal Year 2019, according to a recent report.
“We are proud to have dedicated defense companies and employees statewide who work every day to protect our nation,” said Governor Parson. “Military investment in Missouri not only strengthens our economy but the defense of the entire country.”
With billions in prime and subcontracts awarded each year to companies located or performing work within the state, the DOD has a large impact on Missouri’s economy. In fact, defense contracting directly affects more than 600 industries and more than 25,000 businesses in Missouri, with Boeing leading the way.
“The importance of Missouri’s military installations to our economy is undeniable,” said Rob Dixon, Director of the Missouri Department of Economic Development. “Defense investment in our state impacts more than 25,000 businesses and supports the livelihoods of countless Missourians working in industries such as manufacturing and technology.”
The Missouri Military Preparedness and Enhancement Commission (MMPEC) and its Office of the Military Advocate commissioned the study to better understand the local impacts of defense contract spending. MMPEC and the Office of the Military Advocate work proactively to support military installations, assist defense contractors, and help veterans find work in Missouri. These efforts support the state’s economy and help keep skilled workers in Missouri after their military service.
“This new report underscores the importance of the military services and defense companies that call Missouri home,” said Missouri Military Advocate Joe Driskill. “Many Missourians are unaware of how much defense funding comes to our state each year and how many jobs and increased earnings are directly and indirectly produced for citizens. We hope this report helps citizens understand how much local communities depend on defense industry jobs.”