The State of Florida and Brevard County cheered the news that the Air Force had chosen Northrop Grumman to build our nation’s next-generation bomber. This contract award is expected to be worth $80 billion for the initial 100 bombers the Air Force says it needs.
Northrop Grumman’s decision to locate the ”Project Magellan” at Orlando Melbourne International Airport is expected to generate a return on investment well beyond the taxpayer investment in the project. When the company officially announced the project in May 2014, it committed to Phase 1, creating the Manned Aircraft Design Center of Excellence, with an investment of approximately $75 million in facilities and equipment, and creation of 300 engineering positions at an average annual wage of $100,000. Overall, the company exceeded the above commitments in Phase 1, having constructed an approximately 220,000 square foot facility in ahead of schedule and hiring some 425 plus employees at average wage levels well above the promised $100,000. And it appears the company will exceed its commitments of Phase 2 of the project as well.