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Bath Iron Works and Pratt & Whitney, a North Berwick-based manufacturer, could stand to lose military contracts if Congress doesn't repeal $115 billion in automatic budget cuts.
The Bangor Daily News reported that Bath Iron Works, along with a Mississippi shipbuilder, is set to build three destroyers under the Department of Defense’s proposed 2016-2019 budget. Under the same spending plan, Pratt & Whitney is set to build engines for Air Force fighter jets.
If the automatic cuts go through, as stipulated in the Budget Control Act, the two military contractors could lose their respective contracts — or at least have them delayed — though both companies declined to speculate about the exact impact.
In a report, the Pentagon said the cuts — which would also include a full fleet of Air Force tankers and Marine Corps ground forces — would result in lost jobs and significantly increase the country’s “national security risks both in the short- and long-term.”
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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