Portion below; whole thing (via Uruknet) here: http://www.boston.com/business/articles/2008/12/06/one_thriving_sector_the_business_of_war/
SOUTH NASHUA, N.H. - Across the nation, companies are lopping off hundreds of thousands of jobs, retailers are shuttering stores, and automakers are tottering on the edge of bankruptcy.
But here in the Merrimack River Valley, and over the state line at several industrial sites around Massachusetts, defense contractor BAE Systems is hoisting "Help Wanted" signs.
BAE develops technology in fields like electronic warfare and cybersecurity, sophisticated systems that are key to combating a new wave of threats around the globe. At a time when 1.7 million jobs have been lost in the United States this year, the company is hiring 200 engineers and manufacturing workers in Nashua, Hudson, and Merrimack, N.H., and Burlington, Lexington, and Marlborough, Mass.
Other defense electronics contractors, such as Waltham's Raytheon Co. and General Dynamics Corp.'s communications systems center in Taunton, also continue to ramp up. Such companies remain awash in orders from the Pentagon and American allies increasingly worried about terrorism and missile proliferation. They are also facing the pending retirement of many baby boomers in their labor force, a factor lending greater urgency to their hiring efforts.
"We're acting very aggressively when we find a good match," said Christopher Sherman, engineering manager at BAE's Electronics & Integrated Solutions division here.
The company has already hired 475 people in New Hampshire and Massachusetts this year, mostly to meet growing demand, but in some cases, to replace departing workers.
Back-to-back BAE job fairs Tuesday and Wednesday drew 1,462 candidates, including recent college graduates in pressed suits, Cold War-era defense industry veterans with salt-and-pepper hair, and commercial engineers who had previously worked at computer software or telecommunications companies. All hoped to land jobs at BAE's electronics programs, some of which are highly classified.
"I've challenged my team to hire 70 people out of this crowd tonight," said Amanda Arria, the company's Northeast regional talent acquisition manager, pointing to lines of applicants waiting to meet with hiring managers in the BAE cafeteria Tuesday night.
Patricia Heckley, 50, a software engineer from nearby Tyngsborough, Mass., stood in one of the lines. Heckley said she had never worked in the defense industry, but was confident her skills were transferable in a period when high-tech companies are scaling back. "It's a jump, but I think it's a reachable jump," she said.
Hunting for his first job was Curtis Jerry, 22, of Sanbornton, N.H., who graduated from Worcester Polytechnic Institute earlier this year. "I love defense in general, because that's where all the interesting technology is now," Jerry said. "I'd really like to work testing guidance and navigation systems, but I'd do just about anything."
BAE and other military contractors have become islands of growth in a national job market that is underwater.
The growth in defense may not continue for long. Industry analysts are projecting budget cuts in major US weapons programs as the war in Iraq winds down and the incoming administration of President-elect Barack Obama wrestles with other priorities. Defense spending has climbed steadily during the Bush administration, reaching $671.7 billion in the 2008 fiscal year, including emergency supplemental appropriations for the wars in Iraq and Afghanistan. That represents a 72 percent increase from fiscal 2000, after adjusting for inflation.
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