Market Overview

City of Manassas Secures $13.75 Million Investment and 135 New Jobs

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Aurora Flight Sciences to expand headquarters in City of Manassas

Governor Ralph Northam announced today that Aurora Flight Sciences, a
pioneer in unmanned aircraft and autonomous flight, will invest more
than $13.75 million in the City of Manassas (The City). Acquired by
Boeing (BA:NYSE) last year, the company will expand its City of Manassas
headquarters to include a state-of-the-art robotics facility with a
research and development lab, a light manufacturing unit, professional
office space and a hangar. With more than 450 current employees, this
expansion will create an additional 135 high-wage jobs in a community
that has become a regional hub for industries in aerospace and defense.
These new jobs will pay an average salary of more than $100k a year. The
City of Manassas and Virginia faced fierce competition against Puerto
Rico, Alabama, and West Virginia for the company's investment.

This is the second major expansion for Aurora, a testament to the City's
leading role in advanced manufacturing. With its small-town charm and
big-city opportunities, the City of Manassas is attracting Virginia's
top talent. It's a regional employment center in Northern Virginia with
more than 20,000 people commuting into this City of 43,000 each day to
work at jobs in financial services, health care, homeland security and
defense contracting. It also has the 4th highest
concentration of professional and technical jobs in the Commonwealth, a
current unemployment rate of 2.3%, and the 16th highest per
capita income in Virginia.

"In Virginia we're proud of our leading position in the aerospace
industry, and that is only strengthened by companies like Aurora Flight
Sciences that continue to grow and thrive in our Commonwealth," said
Governor Northam
. "More than 275 aerospace firms call the
Commonwealth home, thanks to our world-class workforce, competitive
business climate, and technology infrastructure. Virginia is proud to
partner with Aurora in this next phase of growth, and we thank them for
choosing to expand in Manassas."

"Aurora is a vital part of the Manassas business community and
exemplifies everything a locality wants from its corporate partners -
steady growth, community engagement, and great jobs – helping make us a
regional employment center with one of the highest percentages of high
wage jobs in professional and technical services in Virginia, especially
for companies engaged in the fields of aerospace and advanced
manufacturing," said Mayor Harry J. Parrish II. "I am honored that
Aurora has again chosen to expand its operations here."

About the City of Manassas Department of Economic Development

The City of Manassas fosters economic development through collaborative
partnerships, sustainable fiscal management and supportive City
services. The Department of Economic Development is directly responsible
for business attraction, retention, expansion and tourism initiatives in
the City. As a resourceful and collaborative organization, we work in
partnership with our key stakeholders to ensure that we have what
businesses need; including a highly educated and technical workforce
with access to major universities and first-class training providers. We
take an active leadership role in all that we do, serving as a community
builder, collaborator and agent of economic growth. For help with your
business needs please visit: https://choosemanassas.org/ or
call 703.257.8881.

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