United Kingdom based BAE Systems, Inc. announced that they will be investing $139 million in Cedar Rapids, Iowa to build a new 200,000 square foot classified defense aerospace facility. The 650 new employees will design and manufacture mission-critical GPS receivers that are compliant with military M-Code, anti-jamming, and anti-spoofing requirements.
Construction is planned to start this October with occupation scheduled for September 2022. The City of Cedar Rapids will incentivize the project with infrastructure improvements around the facility and a 75% property tax exemption over 20 years.
BAE Systems is a global defense, aerospace and security company employing 83,100 people worldwide and 30,500 in the United States. The company helps their customers to stay a step ahead when protecting people and national security, critical infrastructure and vital information.