NORTHROP GRUMMAN SELECTS WAYNESBORO

*Source: Waynesboro Economic Development  |  Click here for Original Article

Northrop Grumman Selects Waynesboro
Company to Add 300 New Jobs and Invest More Than $200 Million
in new project being developed by Equus Capital Partners, Ltd.

Waynesboro, VA – Governor Glenn Youngkin has announced that Northrop Grumman Corporation (NYSE: NOC), a global aerospace and defense technology company, will invest more than $200 million to establish a new 315,000 square foot advanced electronics manufacturing and testing facility on Shenandoah Village Drive. The project will create more than 300 new jobs.

“Northrop Grumman’s expanding Virginia footprint sends a powerful message that the Commonwealth is a magnet for investment underpinned by a next-generation workforce,” said Governor Glenn Youngkin. “This global leader’s cutting-edge facility in Waynesboro will provide job opportunities that attract and retain high-quality talent and create a transformational ripple effect for the entire region.”

“This new facility will increase capacity to manufacture and test advanced electronics and mission solutions to meet our customers’ growing needs,” said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. “We are pleased to expand our technology presence in the Commonwealth and look forward to welcoming more people to our mission-driven team.”

“We’re thrilled with today’s announcement that Northrop Grumman has selected Waynesboro for their newest facility,” said Mayor Lana Williams. “This investment brings economic growth and new employment opportunities to the city and region. We look forward to a long and mutually rewarding relationship.”

At last night’s regularly scheduled meeting, City Council unanimously approved the Local Performance and Commonwealth Opportunity Fund agreements.

The developer of the project is Equus Capital Partner. “We are honored to partner with Northrop Grumman and the City of Waynesboro on this extremely important development project,” stated Dan DiLella Jr., Senior Vice President of Equus.  “Our team at Equus worked diligently for several months with Northrop Grumman and the staff in Waynesboro to help make this project a reality.  We appreciate The City of Waynesboro and their strong support and energy throughout the process.”

“The addition of Aerospace and Technology Leader Northrop Grumman to Waynesboro is a significant and positive development for the community,” stated Greg Hitchin, Director of Economic Development and Tourism.  “The establishment of this manufacturing facility aligns seamlessly with our objective of attracting new investments and fostering well-paying employment opportunities within the city. We appreciate the support of the Virginia Economic Development Partnership (VEDP) and Governor Youngkin’s approval of an $8.5 million grant from the Commonwealth’s Opportunity Fund to bring the project to Waynesboro.”

Support for Northrop Grumman’s job creation will be provided through the Virginia Talent Accelerator Program, a workforce initiative created by VEDP in collaboration with the Virginia Community College System and other higher education partners, with funding support from the Governor’s administration and the Virginia General Assembly. Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture.

ABOUT NORTHROP GRUMMAN: Northrop Grumman’s pioneering solutions equip customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve its customers’ toughest problems, Northrop Grumman’s employees define possible every day.

ABOUT EQUUS: Equus Capital Partners, Ltd. (Equus), is a nationally recognized real estate investment and development firm.  Equus has developed, and continues to own and operate, a significant portfolio of industrial real estate throughout the Commonwealth of Virginia.  Equus’s presence stretches from the Hampton Roads region up through the Shenandoah Valley and includes assets in Richmond as well.

ABOUT WAYNESBORO: Strategically located on the I-81 corridor in the Shenandoah Valley of Virginia, Waynesboro has a strong connectivity to major markets via road, rail, and air and to the world with major fiber carriers providing high-speed service. The city continues to have a strong heritage of manufacturing excellence, and is a regional retail center with outstanding cultural and recreational amenities providing an attractive business location and outstanding quality of life.