Governor Parson releases report on the impact of defense contract spending in Missouri

Governor Mike Parson announced today that more than $14 billion in military defense contracts were awarded to Missouri companies in Fiscal Year 2019, the latest year data is available. A new report highlights impacts of this spending statewide, as well as by county, state legislative district, and congressional district. The latest report focuses on the value of U.S. Department of Defense and related agency contracts awarded to Missouri companies and further analyzes a previous statewide impact report that was released in August 2020. The report provides a closer look into the significant share of contract awards to Missouri vendors. Its analysis helps to better understand distribution in the state and gives more context to sectors most impacted by spending. The 2020 report also included military bases and defense agencies and showed that defense spending in Missouri supports more than 180,000 direct and indirect jobs with $29 billion in total impact. The new report analyzes total contracts during FY2017 through FY2019 and shows an average of more than $13 billion spent on Missouri contract awards. This spending supported 83,100 jobs. Boeing Defense and its supply chain companies received 73 percent of the annual contract awards on average. Statewide, manufacturing firms received 79 percent of all the average annual contract awards. 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.

 

 

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