Sandia National Laboratories
Media Relations Department, MS 0167
Albuquerque, New Mexico, 87185-0167
December 22, 1995
Sandia Labs Pumps More Than a Billion
Into New Mexico and California Economies For FY95
Sandia National Laboratories pumped more than a billion dollars
into the New Mexico and California economies in fiscal year 1995
with employee salaries, medical and dental benefits, retiree
pensions, commercial purchases, and gross receipts taxes.
Sandia paid more than $400 million in wages to New Mexico
employees during the fiscal year that ended September 30, 1995.
New Mexico retiree pension payments during the same period
amounted to about $47 million. An additional $30 million in
medical and dental benefits for Sandia employees and retirees
was paid to New Mexico health care providers in FY95
Corresponding payments in California were more than $63 million
in wages, more than $5 million in retiree pension payments, and
about $5 million in medical and dental benefits.
Sandia's total FY95 payroll was more than $470 million.
Sandia's total commercial purchases of goods and services in
FY95 topped $760 million, more than half of which were made with
small business suppliers. More than $335 million of those
purchases were made with New Mexico suppliers. Commercial
purchases from California suppliers amounted to $112 million.
Sandia also paid the State of New Mexico almost $48 million in
gross receipts taxes in FY95.
The above numbers do not take in account any multiplier effects.
Using FY94 numbers, the US Department of Energy and New Mexico
State University issued a report last summer that said Sandia's
annual budget of about $1.4 billion supported a total economic
impact of $4.9 billion or about six percent of total economic
activity in New Mexico.
Sandia is a multiprogram national laboratory operated by a
subsidiary of Lockheed Martin Corporation for the Department of
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