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Wednesday, March 05, 2008

AIR FORCE CONTRACT EQUALS JOBS IN ALBUQUERQUE

Suppliers to Northrop Grumman will create up to 400 aerospace jobs in Albquerque as part of efforts to support a $35billion contract with the air force for military refueling planes. The new jobs will be created at Honeywell's Albuquerque facility; GE aircraft Engines, which has an Albuquerque plant; and 2 of GE's local suppliers, Sun Country Industries and Mach2 Machining.

Based on Department of Labor assumptions that one high tech job drives the creation of more that four support jobs, ranging from car dealers to coffee shops, the contract could ultimately cause the creation of up to 1800 local jobs. The contract will directly inject $40 million into the local economy per year.

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