The war against Iraq has resulted in an increase in federal government defense spending. And, Missouri’s defense-related industries are reaping the benefits of those dollars being spent. Economic Development Director Joe Driskill says within the last month, Missouri companies have been awarded nearly $820-Million in either new or modified defense-related contracts. He adds more than 159,000 Missourians are employed in defense-related industries. Most of the increased spending has gone to McDonnell Douglas of St. Louis – a wholly owned subsidiary of the Boeing Company – with just over $500-Million. Engineered Air Systems, also in St. Louis, received more than $19-Million. Premcor Refining Group of St. Louis picked up over $32-Million in contracts.
Leave a Reply