BALTIMORE (WJZ) — Maryland received the 4th largest magnitude of wealth from the Department of Defense successful fiscal twelvemonth 2020, according to a recently published report from the department’s Office of Local Defense Community Cooperation.
A full of $30.4 cardinal was spent successful the authorities connected defence contracts and the salaries of subject personnel, according to the report. The Maryland Department of Commerce said Tuesday the authorities received $4 cardinal much than the erstwhile fiscal twelvemonth and moved up 1 spot successful the rankings of full spending.
“This study confirms Maryland’s presumption arsenic a powerhouse of the defence industry. Our starring subject installations and thriving assemblage of innovative defence contractors attracted this accrued national backing and proceed to substance economical maturation crossed the state,” said Maryland Commerce Secretary Kelly M. Schulz. “Commerce is arrogant to enactment Maryland’s important contributions to cybersecurity, aerospace, and different cutting-edge defence probe & improvement areas.”
Nationwide, Texas ranked archetypal successful full defence spending astatine $83 billion, followed by Virginia ($64.3 billion) and California ($61 billion).
According to the report, defence spending makes up 7% of Maryland’s gross home product, and 5.1% of the Pentagon’s fund is allocated to the state.
Local defence contractors Lockheed Martin and Northrop Grumman topped the database of earners, with $2.7 cardinal and $2 billion, respectively. Johns Hopkins University, whose Applied Physics Lab develops weapons systems and nationalist information programs, received $1.5 billion. Federal Resources Supply, shaper of tactical instrumentality and different supplies, got $1.4 billion, the study said.
Schulz touted respective of her agency’s programs to enactment defence contractors, including a networking instrumentality and backing assistance to assistance companies comply with national cybersecurity regulations.
A full of 95,491 Marylanders are employed by the military, of whom 50% are civilian employees and 30% are progressive duty. The Defense Department’s payroll successful the authorities totals $8 billion, ranking 5th successful the country, the study said.