BAE Systems reveals US economic impact of its CMS business
BAE Systems’ Combat Mission Systems (CMS) business, which focuses on combat vehicle and weapon systems design and manufacturing for the US military, today published its 2022 Economic Impact Report.
Above:
The Armored Multi-Purpose Family of Vehicles is the US Army’s newest combat vehicle and gives Soldiers critical upgrades in mobility, survivability, interoperability and power.
Courtesy BAE Systems
The report details how the company’s US network of manufacturing sites, suppliers and thousands of employees had a $1.9 billion impact on the US economy and served as a critical source of growth and investment in communities across the country.
Through operations at its 12 sites, BAE Systems’ ground vehicle, amphibious vehicle and weapon systems product lines contributed to local families and economies by providing more than 5,000 jobs and strategic partnerships with over 2,000 suppliers across 48 states. For example, BAE Systems’ sites in Elgin, Oklahoma and Aiken, South Carolina, key ground vehicle production sites, each contributed more than $50 million to the economy in 2022.
“Our vast network of sites and strong supplier base are important to the economic prosperity of the local communities we live and work in,” said Andy Corea, vice president and general manager of BAE Systems’ CMS business. “As BAE Systems continues to prioritise investments in its industrial network to build the next generation of ground vehicles and weapon systems for our customers, our backbone to produce and innovate - both now and in the future - remains these 12 sites. As part of our community-driven nature, these sites also continue to look for opportunities to give back to their communities, resulting in tangible improvements to the places our people call home.”
