Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

April 28, 2014

New Balance could benefit from new Pentagon rule

New Balance, a Boston-based footwear-maker with plants in Norridgewock, Norway and Skowhegan, could benefit from a new federal rule for buying American-made products.

The Kennebec Journal reported the Department of Defense will now be required to buy American-made footwear for military personnel — beyond the other kinds of American-made products the Pentagon was already required to purchase under the Berry Amendment.

New Balance, which has sold an estimated $180 million in shoes to the Pentagon since 2002,  could benefit from the new rule when it begins manufacturing footwear made from 100% U.S.-produced material, Matt LeBretton, a company spokesman, told the newspaper. He said it will take some time until the company begins making shoes compliant with the new Pentagon rule.

Read more

New Balance breaks silence, voices opposition to trade deal

Sign up for Enews

Comments

Order a PDF