NH Division of Economic Development
YouTube Facebook Twitter Twitter
Why New Hampshire Move Start Grow About Us

Posts Tagged ‘New Hampshire aerospace’

Trends Present Opportunity for New Hampshire’s Aero/Defense Sectors

Wednesday, November 1st, 2017

Through a federal grant from the State Trade Expansion Program, the Office of International Commerce and its partner at the U.S. Department of Commerce/U.S. Commercial Service sponsored a booth at the Defense and Security Equipment International trade show in September. Michael Polizzotti, an intern with OIC this semester, offers a perspective on the importance of international trade shows.

New Hampshire’s aerospace and defense sector had great visibility at a recent international trade show.

When we went to London to showcase New Hampshire’s capabilities and prowess in the world of aerospace and defense, we expected our conversations to be two-fold: Describing where, exactly, we are located in the world and what we have to offer a growing industry around the world.

Over the course of our participation in the Defense and Security Equipment International trade show, we were pleasantly surprised by people drawn to our booth to reminisce about their visits to New Hampshire, as they were surprised to learn that our state is such a hub of innovation.

At DSEI, we were joined by our partners from US Commercial Service and the New Hampshire Aerospace and Defense Export Consortium, as well as four companies – AQYR of Hollis; Corfin Industries of Salem; Brazonics of Hampton, and Crusade Group of Manchester. We were among 1,500 vendors at the show, which drew more than 18,000 people, giving us high visibility.

Having a presence at this show is important for these sectors. With aerospace and defense spending increasing in the United States and around the world, New Hampshire is poised to meet the demands of the global marketplace and OIC, and its partner, the New Hampshire Aerospace and Defense Export Consortium, is at the forefront to represent the state and regional businesses as innovative manufacturers and exporters.

NHADEC, a consortium of state and regionally-based aerospace and defense businesses, focuses on fostering opportune foreign markets for its members, through collaboration and global brand messaging. Members range from large scale manufactures, like BAE Systems and GE Aviation, to smaller tier companies.

There are many reasons for the global spending increases. NATO nations, including Poland, Portugal, Greece and others, are increasing their defense budgets. Defense spending is also on the rise in the Middle East and Asia, where military expenditures are projected between 4 percent and 6 percent. The Middle East and Asia-Pacific are driving commercial aerospace  growth.

These trends present a great opportunity for New Hampshire.

Here’s why: About 60,000 aerospace and defense related jobs, at over 350 companies across the state, are filled by highly skilled workers. Many of these companies are NHADEC members working to increase the efficiency and competitiveness of the growing aerospace and defense industry.

We can already see that growth. About 9 percent of New Hampshire’s manufacturing GDP is from aerospace and defense. Projections by the Aerospace Industries Association are for 3.8 percent, five-year employment growth in the sector. It also notes that New Hampshire has seen one of the largest percentage increases in dollar growth in the United States’ aerospace and defense industry.

The hard work of the state, NHADEC and its members over the past few years has heightened the Granite State as an aerospace and defense hub of innovation. We look forward to further solidifying the state as a place where innovation and manufacturing technology help to explore the depths of the sea and far reaches of space.

Michael Polizzotti
Office of International Commerce

 

New Hampshire, UK Aerospace Consortia Sign MOU: Trans-Atlantic Relationship Opens Trade, Business Opportunities

Tuesday, August 23rd, 2016

The New Hampshire Aerospace and Defense Export Consortium signed a memo of understanding with a respected British consortium, opening possible trade and business opportunities for Granite State companies.

Under the agreement, NHADEC and the Farnborough Aerospace Consortium will cooperate and coordinate actions among their members. NHADEC is the first of its kind export consortium in the U.S. and is expanding rapidly, keeping pace with the significant growth of the industry in New Hampshire and New England. Founded in 2013, its first cooperative agreement was signed in its first six months with AeroMontreal.

NHADECAgreement

David Barnes, CEO of Farnborough Aerospace Consortium, left, and Donald Tyler, president/CEO of Corfin Industries in Salem

“We look forward to playing a leadership role with the Farnborough Aerospace Consortium, in fostering and supporting trade, business, and investment opportunities between our members, and further solidifying this most important of transatlantic relationships,” said Don Tyler, president of Corfin Industries of Salem, and a founding board member of NHADEC.

The Farnborough Aerospace Consortium, established in 1994, is one of the oldest aerospace and defense associations in the United Kingdom. It has more than 120 members and is a not-for-profit trade association facilitating business between large global primes and the supply chain.

“At this very significant time in our international business situation, we are delighted to have the opportunity to strengthen links and opportunities between the aerospace industries in the southeast of England and in New Hampshire in the USA,” said David Barnes, CEO of the Farnborough consortium. “The signs are that there will be much to be done together, to the advantage of both of our aerospace communities. We in the UK are determined to make it work.”

More than 300 New Hampshire companies are involved in the aerospace and defense sector, one of the state’s key industries driving the economy. For more information about NHADEC, visit www.NHADEC.com.

Wheels Up for Paris Air Show

Friday, June 14th, 2013

https://www.youtube.com/watch?v=mrR53w5rPqk

https://www.youtube.com/watch?v=ZGEC1J-juEo

We are taking off later today, heading for the Paris Air Show, accompanying 12 aer0 and defense related companies from here in the Granite State, Vermont and Maine. With thousands of exhibitors all in one place, it is an opportunity to connect with decision makers from around the world, who can see and hear what our companies offer, which translates into more orders and more jobs.

In all, 34 states will be represented at the international trade show, which is held every other year. The Best of New England booth is made possible through the State Trade Export Promotion program, funded in part through a cooperative agreement with the U.S. Small Business Administration.

Follow along with us on our social media channels, particularly on Twitter, as well as Facebook and the No Bull Business Blog.

Lorna Colquhoun

Communications Director

Division of Economic Development