Defense contractor Orbital ATK plans a $5 million expansion and will add nearly 60 jobs at its Beavercreek operations, the company said Tuesday.
The 175,000-square-foot facility, which is reportedly involved in classified work on the next generation B-21 Raider stealth bomber, expects to expand operations by 40,000 square feet.
Orbital ATK is transferring work from its Clearfield, Utah facility to Beavercreek because of a $90 million federal contract to supply the military with high-temperature composites, the company said in a statement.
More than 100 employees currently work at the Beavercreek site, the company said. Orbital ATK expects to add 57 engineering and technical jobs by December 2019. The payroll addition is estimated at $3.5 million.
“We are proud to expand our state-of-the-art manufacturing capability in a state with a dedicated and talented workforce,” Steve Earl, Orbital ATK Aerospace Structures Divisions vice president and general manager, said in a statement.
The company received a $150,000 grant from the state and another $75,000 grant from the Greene County Community Improvement Corp. to defray the cost of training new employees, the defense contractor said. It will also receive a 50 percent waiver on increment Ohio income taxes for the new jobs up to half a million dollars, the company added.
Aerospace defense giant Northrop Grumman announced this week it would acquire Orbital ATK in a $9.2 billion pending deal.
In March 2016, the Air Force disclosed that Orbital ATK was one of seven prime contractors working with Northrop Grumman to produce the boomerang -shaped B-21 Raider next generation stealth bomber that resembles the B-2 Spirit.
In a press statement, Northrop Grumman and the Orbital ATK, both of which are headquartered in Virginia, said the proposed deal includes $7.8 billion in cash plus assuming $1.4 billion in net debt.
Orbital ATK, an aerospace and defense contractor with locations around the world, has a workforce of about 13,000 employees. The company reported revenues of about $4.5 billion and a backlog of $15 billion in orders.
Both companies board of directors have OK’d the agreement which was expected to take effect next year.