Northrop Grumman to Locate Corporate HQ to Northern Virginia

In another sign of Virginia’s commitment to building up its aerospace base, the state has lured Northrop Grumman to relocate its headquarters from LA. The Associated Press reports:

Virginia used an incentive package worth $12 million to $14 million to help it beat Maryland and the District of Columbia to land the corporate headquarters of defense giant Northrop Grumman Corp., Gov. Bob McDonnell said Tuesday.

McDonnell considers the money well spent. On WTOP’s “Ask the Governor” program, he said the relocation of the defense contractor from Los Angeles will result in $30 million in new tax revenue over the next 10 years.

He said the incentive package was less than what was offered by the D.C. government, which had been reported to be as much as $25 million…

The state announced Monday that Northrop, after months of wooing, will move its headquarters from to Virginia. About 300 jobs with an average salary of $200,000 are associated with the move.

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