Business and Economics

Defense Contracts In Indiana Small, Compared To 2008

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November 3, 2014 — The amount of money the U.S. Department of Defense is spending in Indiana is one-quarter of what it was in 2008.

Six years ago, the Defense Department spent $8 billion on contracts in Indiana. Last year that number was just more than $2 billion.

That’s in part because the defense department has been cutting back nationally. Since 2008, spending on defense contracts has dropped by about 90 billion dollars.

It’s also because of a shift from on-the-ground forces to more remote technology such as drones. WFIU’s Gretchen Frazee reports on how Indiana defense contractors are trying to adapt to those changing demands and keep defense dollars flowing into the state…

 

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