Northrop Grumman will build a 315,000 square-foot plant in Waynesboro. The global aerospace and defense technology company claims it will invest more than $200 million in the planned facility on Shenandoah Village Drive, creating hundreds of jobs over the next five years.
In announcing the project, Governor Glenn Youngkin said the plant will be a magnet for additional investment supported by a next-generation workforce. Greg Hitchin, the director of economic development and tourism for Waynesboro, said the Commonwealth Opportunity Fund contributed $8.5 million to bring the project to the city. These grants are negotiated amounts determined by the Secretary of Commerce and Trade, based on the recommendation of the Virginia Economic Development Program, and subject to approval by the Governor.
To make sure that local people are eligible for employment, the Virginia Talent Accelerator Program, another program created by the Virginia Economic Development Program, will work with the Virginia Community College System and other higher education partners. This partnership is supported by funds from the Governor’s administration and the Virginia General Assembly. The four-year-old program helps educators develop a curriculum that teaches the exact skills required by new employers. Average Northrop Grumman hourly pay ranges from approximately $16.43 per hour for Systems Integration Specialist to $89.45 per hour for Software Architect.
Equus Capital Partners will develop the project.