More than 236 aerospace firms call Virginia home, drawn here by a skilled workforce, strong economic growth, pro-business environment and excellent quality of life. Virginia's role in the aerospace industry dates back to 1917, when the nation’s first civil aeronautics laboratory was established in Hampton - it is now known as the NASA Langley Research Center.
Global aerospace leader Rolls-Royce is ramping up its new Crosspointe campus in Prince George County, which includes multiple manufacturing facilities, aerospace suppliers and a world-class applied research collaborative, the Commonwealth Center for Advanced Manufacturing (CCAM).
In the past 10 years, 67 aerospace industry projects have been announced, creating more than 7,400 new jobs and generating investments worth more than $1.76 billion. Discover what hundreds of companies already know: Aerospace takes flight in Virginia.
Virginia's Aerospace Industry
- Employs more than 29,200 workers in Virginia
- Consists of 236 firms, with the aerospace technology (89 firms) and aerospace equipment (60 firms) sectors comprising 73 percent of all aerospace employment
- Support for Virginia’s aerospace industry includes 400 machine shops employing over 5,300 people
- Virginia ranks 1st in the nation for U.S. Department of Defense Prime Contracts ($56.7 billion in FY 2011)
- Alcoa Howmet
- Aurora Flight Sciences
- BAE Systems
- Cobham Corporation North America
- Dynamic Aviation
- EADS North America
- Euro Composites
- General Dynamics
- Goodyear Tire & Rubber
- Lockheed Martin
- Northrop Grumman
- Orbital Sciences Corporation
- Rockwell Collins
- Rolls-Royce North America
- The Aerospace Corporation
- Virginia’s central East Coast location and premier transportation network allow companies to reach customers anywhere in the world with ease.
- Virginia’s corporate income tax rate of 6% hasn’t changed since 1972. Companies also benefit from tax exemptions on purchases of machinery, tools, replacement parts and raw materials used in production, as well as all utilities delivered through pipes, mains and lines for any purpose. Virginia also do not tax accounts receivable, inventory, computer software or other intangibles.
- Workers’ compensation and unemployment insurance are among the lowest in the nation. The unemployment tax burden is 32% lower than the national average, and right-to-work laws allow individuals to work regardless of membership in a labor union.
- Virginia offers low electricity rates, state-of-the-art utilities and telecommunications infrastructure, and construction costs 16% lower than the national average.
- Virginia is home to the Mid-Atlantic Regional Space port on Wallops Island, the National Institute of Aerospace and NASA Langley Research Center
- Virginia is home to the Pentagon and 19 defense installations
- Virginia’s air transportation sector employs more than 20,000 people and features nine commercial airports, including Washington Dulles International (IAD) and Reagan National (DCA). All major commercial carriers serve Virginia, providing non-stop flights to 196 destinations around the world. Virginia is home to 47 FAA Repair Stations across the state, and the MRO sector in Virginia employs more than 1,400 people.
- Aircraft Sales and Use Exemption is for companies headquartered in Virginia which make a minimum of a $4 million capital investment in Virginia and create at least 50 new jobs in Virginia.
- Zero G Zero Tax provides an exemption from state income taxes to any space transportation company doing business in Virginia with the intent to either launch payloads from MARS or conduct spaceflight training.
- Virginia has one of the most well-educated workforces in the country. More than 15,000 science and engineering graduate students pursue advanced degrees in Virginia and More than 34% of Virginians have at least a bachelor’s degree, the 7th highest rate in the country
- Aviation Week & Space Technology ranks Virginia Tech as one of the best universities for aerospace employee recruitment
- More than 18,000 people leave Virginia military bases each year and enter the civilian workforce
- Dulles is Virginia’s largest airport and provides international and domestic services for passengers and cargo. The cargo sector offers great growth potential as Dulles continues to expand its facilities.
- The Commonwealth Center for Advanced Manufacturing (CCAM) is an applied research center that bridges the gap between fundamental research typically performed at universities and product development routinely performed by companies. CCAM’s core research areas are Surface Engineering & Manufacturing Systems