Gov Malloy hails federal aerospace grant of $1.25 million

Gov. Dannel P. Malloy said today that the state Department of Economic and Community Development and the Connecticut Center for Advanced Technology, Inc. , which have joined forces on a Regional Aerospace and Defense Exchange study of defense contract reductions, will get a $1.25 million U.S. Department of Defense Office of Economic Adjustment (DoD OEA) grant.

“Connecticut’s aerospace companies are among the best in the industry, and our receipt of this DoD grant speaks to the major role they play in the national defense supply chain. As a state, we consistently rank among the top 10 in the U.S. for direct employment and federal contracts awarded in the A&D sector,” Malloy said in a statement.  “We are talking about an industry that employs tens of thousands of workers and generates billions of dollars in economic activity and tax revenue – it is simply too important not to prepare ourselves for possible cuts to defense spending.”