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Article: Growth in defense work stalls; Contract awards down $110 million.(NEWS)
- Article from:
- Crain's Detroit Business
- Article date:
- May 25, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CHAD HALCOM
Economic recession, political uncertainty and shifting priorities have curbed the recent growth in defense spending and military contracts for Southeast Michigan businesses, according to state and federal data.
Activity reports from the state Defense Contract Coordination Center, an office of the Michigan Economic Development Corp., show Michigan saw nearly $269 million in military and government contracts awarded among more than 2,800 companies between Oct. 1 and April 30.
That's off from the $378.9 million awarded in the same six-month period among 1,826 companies a year earlier but it's still well ahead of the $114.8 ...