Missouri Military Spending Outputs $29 Billion in State Economic Activity

August 5, 2020

Military spending in Missouri in the 2018 fiscal year totaled approximately $18.2 billion. The spending contributed to more than $28.2 billion direct and indirect economic output, according to a new study.

The report was conducted by St. Louis-based consulting firms Kit Bond Strategies and Development Strategies.

The study also highlighted the impact of the military on Missouri’s employment, which supports more than 180,000 direct and indirect jobs.

Nearly two-thirds of the Department of Defense’s military spending is in the state’s defense
aerospace industry. The largest contractor being Boeing Defense and Security located in St. Louis.

“We hope this report underscores the importance of the military services and defense companies that call Missouri home,” said ADC president and Missouri Military Advocate Joe Driskill to the News Tribune.

“I find that not many people realize how much defense funding is invested in our state, and how many jobs and increased earnings are directly and indirectly produced for our citizens.”

Photo by Orlin Wagner/AP

 

August 5, 2020

Recent News

Snap of the Week

Snap of the Week

Naval Academy plebes climb the Herndon Monument, a tradition symbolizing the successful completion of the midshipmen’s freshman year. The class of 2027 completed the climb in 2 hours, 19 minutes and 11 seconds. Navy photo by Stacy Godfrey

In Our Communities

In Our Communities

More than 74,000 residents of Whidbey Island, Washington could suffer long-term health impacts from the noise of jets stationed at Naval Air Station Whidbey Island, according to a University of Washington study, The Seattle Times reported. Researchers said the impact...

$2 Billion Aid Package Will Help Ukraine Build Its Own Weapons

$2 Billion Aid Package Will Help Ukraine Build Its Own Weapons

A new $2 billion aid package the State Department announced Thursday will help build a Ukraine Defense Enterprise Program, according to Defense News. The fund will help Ukraine buy weapons from other countries while “investing in Ukraine’s defense industrial base,...

NDAA Draft Asks for DOD Study on Privatizing Barracks

NDAA Draft Asks for DOD Study on Privatizing Barracks

The House Armed Services Committee’s draft National Defense Authorization Act indicates lawmakers may not be ready to privatize more barracks, as Military.com reported. “Members aren’t completely bought into privatizing all housing,” a senior Republican committee aide...

PAST STORIES