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.
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