CEO Sean Slatter: $3B in U.S. defense contract opportunities available for New Hampshire firms
by Jonathan Williams, Communication Specialist
LSI CEO Sean Slatter was the keynote speaker at the New Hampshire Aerospace and Defense 2019 Annual Networking Event held on May 13, 2019, in Bedford, New Hampshire. Slatter discussed $3B in potential U.S. defense contract opportunities for manufacturing, aerospace and defense companies in New Hampshire.
The following quotes are excerpted from an article by Liisa Rajalain in the New Hampshire Business Review, which covered the event:
“'Don't lose this opportunity,' said. Slatter. 'We are in nearly a 10-year high for defense spending,' he said. 'For the next few years, the opportunity to capture this business is immense. Don’t lose this opportunity. Go get this business.'
"Slatter recommended small- and medium-sized manufacturers partner with prime contractors, such as BAE Systems and Raytheon, whose representatives followed up with presentations of their own. 'The top 10 prime contractors account for 29 percent of DoD spending,' said Slatter.
'These prime contractors are winning a significant amount of the overall revenue appropriated for defense spending. And as many of them will tell you, they have a requirement through the contracting office to subcontract work to small business, and those requirements are getting stricter,'" he continued.
Slatter met with defense officials after the NATO summit last summer and pointed to those opportunities as well:
"'I would encourage you to look especially with the NATO members to win new business,' said Slatter. 'They’re looking for opportunities to partner with U.S. companies to meet these objectives.'”
To learn more by viewing the complete article, please click the following link: https://www.nhbr.com/nh-aerospace-conference-highlights-defense-contract-opportunities