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Company to invest $47.9 million
Kate Andrews //November 19, 2020//
Company to invest $47.9 million
Kate Andrews // November 19, 2020//
Bridgewater-based Dynamic Aviation Group Inc. plans to invest $47.9 million in expanding its operations in Rockingham County, creating 207 jobs, the governor’s office announced Thursday.
The company, which is among Rockingham’s top employers, employs 750 people and operates in 11 countries. Its Bridgewater facility includes a heavy maintenance and modifications center, an engine shop and a privately owned airport. Dynamic Aviation plans to build a 13,000-square-foot office building and composite shop, as well as a 33,000-square-foot hangar for its legacy aircraft, including the first Air Force One craft used by President Dwight Eisenhower.
“Dynamic Aviation has achieved soaring success in Rockingham County over the last 50 years,” Gov. Ralph Northam said in a statement. “The Shenandoah Valley boasts a world-class roster of innovative companies that benefit from the infrastructure, high-caliber workforce and outstanding quality of life that the region offers.”
“Dynamic Aviation chose its Virginia location for the facility expansion and the creation of 207 new jobs because of the region’s infrastructure, assets and strategic location,” President and CEO Michael Stoltzfus said in a statement.
Founded in 1967, the company delivers custom aircraft and provides flight crews and maintenance services to clients ranging from national defense, federal agencies and military intelligence to private companies.
In September, Dynamic Aviation loaned its Beechcraft Model-18 aircraft to a group of aviation enthusiasts searching for pilot Amelia Earhart’s resting place in 1937, when her plane disappeared over the Pacific Ocean.
The Virginia Economic Development Partnership worked with the county and the Shenandoah Valley Partnership to secure the project for Virginia, and VEDP will support job creation through the Virginia Jobs Investment Program, which provides consulting and funding to companies. Dynamic Aviation is a 2013 graduate of the Virginia Leaders in Export Trade (VALET) program and has been actively involved in VEDP’s international trade programs since 2012.
