Optimum Technologies invests $999K to expand satellite manufacturing plant in Virginia

Optimum Technologies invests $999K to expand satellite manufacturing plant in Virginia

Oct. 31, 2024
The Virginia Economic Development Partnership will support Optimum Technologies’ job creation through the Virginia Jobs Investment Program. 

Optimum Technologies LLC has announced plans to expand its satellite manufacturing facility in Loudoun County, Virginia. The company, which specializes in aerospace solutions related to satellite, ground, and mission systems engineering, will invest $999,000 into the project, creating 40 new jobs in the process. To aid the project, the Virginia Economic Development Partnership will support Optimum Technologies’ job creation through the Virginia Jobs Investment Program. 

What people are saying

In a recent quote, executive vice president of OpTech Timothy Rumford said, “OpTech continues to expand due high growth in the space sector. We have seen great demand for our hardware and services and have outgrown our original SMF that was opened in 2022. Our new facility will give us approximately 5 times the capacity and help continue our growth plans and, in turn, help support our nation’s needs for rapid and low-cost access to space.” 

Governor Glenn Youngkin added, “Optimum Technologies’ decision to expand its manufacturing facility in Loudoun County demonstrates the trust manufacturers have in Virginia. The company is a key component of the Northern Virginia aerospace industry, and we are gratified to see this investment.” 

Manufacturers investing in Virginia

Solarix invests $63M to open solar module manufacturing facility in Virginia 
Solarix hopes its new 423,553-square-foot facility will support the state’s renewable energy supply needs.

Hitachi Energy invests $155M into 3 manufacturing facilities in Mexico, Virginia, and Pennsylvania 
The three projects will create 350 new jobs in Reynosa, 100 new jobs in South Boston, and 100 new jobs in Mount Pleasant.

Mining equipment manufacturer invests $8.5 million to increase production in Virginia 
Simmons Equipment Company hopes the expansion will help it meet increasing customer demand for soft rock machinery.

Investing in American manufacturing in 2024

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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