Northrop Grumman recently signed a contract with the U.S. Air Force to “design and manufacture a highly classified, long-range stealth bomber.” The company won the bid against a joint effort made by Lockheed Martin and Boeing. Speculation about the economic growth that will be brought to the already flourishing Space Coast estimates the contract could bring as many as 1,500 high-paying jobs with a median annual salary of $100,000 to the area. The jobs and local investment will significantly impact the area’s space and aviation sectors, which have not experienced the same recovery the rest of the local economy enjoys. Additionally, local experts believe that the contract will have a significant positive impact on the already booming real estate market, provide a boost to local charities, and stimulate jobs in the local services and retail industry.
Shortly after the deal was announced, Northrop Grumman made a generous donation of $135,000 to select Brevard County schools. The selected schools will get “Innovation Center Labs” designed to encourage students interested in STEM subjects to continue pursuing their curiosity for maths and sciences. According to the President of United Way of Brevard, “Northrop Grumman has a long history for supporting the community and charitable causes with volunteer time and financial resources.”
Read more about the Northrop Grumman contract, the economic impact it will have, and Northrop Grumman’s generous donation on Florida Today. If you are planning to visit the Space Coast and are in need of accommodations, give us a call at (321)-784-5046 or e-mail us at [email protected]! Be sure to ask us about our Fall Special, now through November 30!