North Carolina defense company Corvid Technologies plans to invest $95 million to build an additional advanced manufacturing facility on its Mooresville campus. Governor Josh Stein, who announced the plan Tuesday, said the funds will add 423 jobs.
Corvid Technologies is an employee-owned non-traditional defense contractor. The company was founded in 2004 as a small modeling and simulation firm and has grown into a leading defense contractor specializing in advanced digital engineering, modeling and simulation, and precision manufacturing.
Corvid uses advanced physics to solve complex problems, providing end-to-end solutions across the full product lifecycle, from design and development to testing, manufacturing and production.
The expansion will include the construction of an additional 400,000-square-foot manufacturing facility that will add engineering and manufacturing of vehicle launch systems.
"In just two and a half years, we’ve grown from 8,000 square feet of manufacturing space to 800,000 square feet. That is an extraordinary transformation for our company," said Dr. David Robinson, president and CEO of Corvid.
Leaders from North Carolina and Corvid met during the 2026 Farnborough International Airshow to discuss the project and other opportunities for growth in the state.
New positions for the company include assemblers, electricians, engineers, production managers, technicians and testers. The average annual salary for the roles will be $81,550; the local average is $64,895. The new jobs could create a potential annual payroll impact of nearly $34.5 million for the region.
North Carolina's Economic Investment Committee approved a Job Development Investment Grant (JDIG) for the project. Over the grant's 12-year term, the project is estimated to grow the state’s economy by $1.7 billion. Using a formula that accounts for new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes potential reimbursement to the company of up to $4,449,750, spread over 12 years.
The state pays only after the Departments of Commerce and Revenue verify each year that the company has met its incremental job creation and investment targets.
The project’s projected return on investment of public dollars is 93 percent, meaning for every dollar of potential cost to the state, the state receives $1.93 in state revenue, according to the governor's office.
Because Corvid chose a site in Iredell County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving up to $1,483,250 into the state’s Industrial Development Fund – Utility Account. The utility account helps rural communities statewide finance necessary infrastructure upgrades to attract future business.
Corvid Technologies has received multiple One North Carolina Small Business Program grants that helped accelerate the company’s innovation, growth and positioning for additional federal funding.
