Dulles, Virginia 19 September 2017 – Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced today it is expanding its Beavercreek, Ohio, facility by 40,000 square feet in 2017-2018 with a capital investment of approximately $5 million. The planned expansion is a result of existing aerospace and defense work being transferred from the company’s Clearfield, Utah, facility and a recent award of an approximate $90 million contract to supply high temperature composites for the U.S. military. The 175,000-square-foot facility currently has more than 100 employees and produces advanced aerospace and defense composite structures.
Orbital ATK recently entered into a $75,000 Grant Agreement with the Greene County Community Improvement Corporation to provide training funds for new hires in anticipation of work being added. In exchange for the grant, Orbital ATK has pledged to add 57 jobs in both engineering and technical professions with an estimated created payroll of $3.5 million by December 2019.
"This expansion signifies the commitment Orbital ATK has to its employees, community and the State of Ohio to continue bringing high quality manufacturing work into the area,” said Michael Dyer, Director of Operations-Dayton, Orbital ATK Aerospace Structures Division. “We value our partnership with state, city and county officials and thank them for their continued support of our facility in Beavercreek.”
Steve Earl, Vice President and General Manager of Orbital ATK’s Aerospace Structures Division, added, “We are proud to expand our state-of-the-art manufacturing capability in a state with a dedicated and skilled workforce.”
This is the second grant made to Orbital ATK this year underwriting training expenses and supporting increased business in the Dayton-area facility. The first grant was from the State of Ohio for $150,000 to support indirect training and on-boarding costs. Additionally, Orbital ATK will receive a 50% waiver on incremental Ohio income taxes for newly created positions valued at up to $500,000.
About Orbital ATK
Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 13,000 people across the U.S. and in several international locations. For more information, visit www.orbitalatk.com.
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