Castelion, a defense technology company, announced that it has officially selected Sandoval County as the site for Project Ranger, a 1,000-acre solid rocket motor manufacturing campus. The campus is projected to create more than 300 high-paying jobs and generate more than $650 million in economic output over the next decade. The company plans to invest more than $100 million over the first four years of Project Ranger’s development, with more capital to follow. Project Ranger will enable rapid, scalable production of advanced long-range systems, reinforcing New Mexico’s position at the forefront of defense innovation. “New Mexico has always been front and center in shaping the frontiers of American defense and innovation,” Gov. Michelle Lujan Grisham said. “This project helps carry that legacy forward — creating high-paying jobs, advancing national security and proving once again that New Mexico is where bold ideas take flight.” Headquartered in Torrance, California, Castelion was founded with a mission to restore the U.S. industrial base for defense, producing next-generation hypersonic systems at scale to help the U.S. and its allies deter global threats and prevent conflict. “After a highly competitive nationwide search, we chose New Mexico for its technical talent, regional infrastructure, and history of scientific achievement,” Castelion Co-founder/CFO Andrew Kreitz said. “Project Ranger represents a critical step in restoring America’s capacity to produce the advanced systems our country needs. We’re proud to partner with a community with a long history of innovation that has powered some of our nation’s greatest leaps forward.”

Full report : Defense Technology Company Castelion Chooses New Mexico As Home For ‘Project Ranger’ Hypersonic Manufacturing Campus.

For more see the OODA Company Profile on Castelion.