2019 was a landmark year for Connecticut’s defense industry
Monday, October 19, 2020
Military contractors in Connecticut had their most lucrative year in more than a decade in 2019, receiving $37.1 billion in defense contracts last year.
That's according to the State of Connecticut Office of Military Affairs, which has tracked contracts received by the state’s defense industry since 2007 and releases an annual report on the outlook for the industry.
In reality, the value of defense contracts awarded in 2019 to Connecticut companies or companies doing business in the state was likely higher than $37.1 billion, as the report only relies on prime contracts worth $7 million or more. The previous high was in 2014, when the report recorded $27.1 billion in contracts.