COLUMBUS, Ohio (AP) — Defense contractor Anduril Industries has been awarded a $310 million grant from Ohio's job creation office, as the company prepares to build a massive advanced manufacturing facility near Columbus.
JobsOhio, the state's job creation office, announced execution of the 30-year economic development agreement Wednesday.
The deal calls for Costa Mesa, California-based Anduril to create 4,008 new jobs and more than $530 million in new payroll and to make at least $910.5 million in capital investment within the next 10 years in order to receive the funds. It must then maintain those commitments over the ensuing two decades under the plan.
Anduril’s “Arsenal 1” will produce military drones and autonomous air vehicles. It is set to open in July 2026.
State and company officials initially announced the project in January. The 5 million-square-foot (464,515-square-meter) facility will be located on a 500-acre (202-hectare) site near Rickenbacker International Airport in rural Pickaway County, about 16 miles (26 kilometers) southeast of Columbus.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
