New Balance could benefit from new Pentagon rule
New Balance, a Boston-based footwear-maker with plants in Norridgewock, Norway and Skowhegan, could benefit from a new federal rule for buying American-made products.
The Kennebec Journal reported the Department of Defense will now be required to buy American-made footwear for military personnel — beyond the other kinds of American-made products the Pentagon was already required to purchase under the Berry Amendment.
New Balance, which has sold an estimated $180 million in shoes to the Pentagon since 2002, could benefit from the new rule when it begins manufacturing footwear made from 100% U.S.-produced material, Matt LeBretton, a company spokesman, told the newspaper. He said it will take some time until the company begins making shoes compliant with the new Pentagon rule.
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