The implications for Virginia when it comes to defense budget cuts are clear, especially for the state’s Hampton Roads region. With a good portion of the area’s economy tied to the government-contracting industry, cuts could prove a challenge, The Virginian-Pilot reports.
Believers in Hampton Roads’ economy, however, point to a defense infrastructure, facilities and talent pool so entrenched, the area could go on to experience growth.
“There“™s a huge customer base there, and there“™s a lot of talent,“ Dave Herr, president of BAE Systems’ Support Solutions sector, told The Pilot. “It“™s a good place to do business; it“™s fairly diversified; I“™d say it“™s fairly well-positioned.“
BAE Systems has facilities located in Chesapeake and Hampton, Va., and a shipyard on Elizabeth River“™s Southern Branch.
“The Hampton Roads area is actually fairly central to the BAE strategy,“ Herr said. “We think there“™s going to be rising demand to maintain and upgrade some of those older platforms.”