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Coutinho Hails Grow NJ Role in Lockheed Martin Contract

(29th Legislative District) – Assembly Commerce and Economic Development Chairman Albert Coutinho (D-Essex) released the following statement Tuesday after Lockheed Martin – with the help of the Grow NJ program sponsored by Coutinho – received a $100 million contract from the Department of Defense for the Aegis Combat System Engineering Agent, a crucial development for the company’s Moorestown facility:

“This is further proof that the Grow NJ program I championed into law is crucial for our state’s well-being.
“Job creation and economic development are a must, and projects like this contribute to that goal. Without the Grow NJ assistance, which provided $40 million in funding, this contract would not have been approved for this New Jersey facility, and that would have hurt our efforts to revive our economy. The company couldn’t have done this without it.
“Smart, balanced job-creating incentives can be a key factor in our economic recovery. I look forward to continuing efforts to ensure our state is well-positioned to help create even more jobs through assistance such as that provide by Grow NJ.”