IBJNews

Defense contractor Gryphon plans Bloomington expansion

Back to TopCommentsE-mailPrintBookmark and Share

Maryland-based  defense contractor Gryphon Technologies plans to expand its operations in Bloomington, creating as many as 60 jobs by 2013.

The engineering and technical services company will invest $800,000 to lease and equip a larger office in the Indiana city. It now has a staff of about 20 and plans to hire engineers and logistics professionals, state economic development officials said early Wednesday.

In July, the firm won a $26.6 million contract to provide logistics and technical support for the nearby Crane Naval Surface Warfare Center.

Gryphon has been recognized as one of America's fastest-growing private companies by Inc. magazine for the past seven consecutive years.

Indiana Economic Development Corp. offered the firm as much as $525,000 in performance-based tax credits based on the company's job creation plans.

"These good-paying, highly skilled jobs will have an immediate impact on our economy,” Bloomington Economic Development Corp. President Ron Walker said in a prepared statement. “But Gryphon's presence in Bloomington also bolsters our growing national recognition as an emerging technology center."

IEDC said Indiana is home to a $6.6 billion defense contracting industry that employs thousands.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT