NH Executive Council OKs BAE Systems expansion in Manchester
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The NH Executive Council has unanimously approved a lease-purchase arrangement that should pave the way for BAE Systems to occupy a 200,000-square-foot facility in Manchester that the company says could bring 800 new jobs to the Queen City.
Under the deal, the Business Finance Authority will purchase the property at 3000 Goffs Falls Rd. and lease it back to the aerospace and defense contractor over the next 10 years. After the lease period is up, BAE will purchase the property from the BFA.