Avio USA Inc., a subsidiary of global aerospace company Avio S.p.A, announced plans to invest approximately $500 million to establish an 860,000-square-foot manufacturing facility in the Southern Virginia Multimodal Park in Hurt, Virginia.
The new facility will produce solid rocket motors for defense, tactile propulsion, missile systems and the commercial space sectors. The company expects the project to create 1,000 jobs through an investment incentive partnership with the Commonwealth.
“This strategic investment directly supports the [Pentagon's] effort to significantly ramp missile production,” Avio USA CEO James Syring said.
Gary Hodnett, the chairman of the Staunton River Regional Industrial Facility Authority, added that the project will receive a performance-based local incentive package worth over $33.6 million.
Founded in 1912 and headquartered near Rome, Italy, Avio S.p.A. specializes in the design, development and production of space launch systems and propulsion components. In 2022, the company established Avio USA Inc. in Arlington, Virginia, to focus on the North American market.
The international company has presence in Italy, France, the U.S. and French Guiana.
