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Northrop to Invest $500M in Florida Space Coast Projects; Richard Ennis Comments

northrop Grumman_BLUENorthrop Grumman (NYSE: NOC) is spending $500 million in capital investments on space projects within the Melbourne International Airport in Florida.

The Project Magellan program’s goal is to open up to 1, 800 jobs in the Space Coast Florida community, Northrop said Thursday.

“Northrop Grumman gave the Space Coast the boost it needed in its post-space shuttle economy, ” said Richard Ennis, the airport’s executive director.

The airport was opened to economic development projects in 2005 and has since attracted and retained investors, including Northrop.

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