North Carolina Defense Company to Invest $95 Million in Mooresville Expansion
Today Governor Josh Stein announced Corvid Technologies, an employee-owned non-traditional defense contractor, will add 423 jobs in Iredell County. The company will invest $95 million to expand its Mooresville campus and build an additional advanced manufacturing facility.
“Corvid’s homegrown success and growth speak to the advantages of doing business in North Carolina,” said Governor Josh Stein. “This major expansion affirms the company’s confidence in our talented manufacturing and engineering workforce, business climate, and stable economy.”
Corvid Technologies 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. Using advanced physics to solve complex problems, Corvid provides end-to-end solutions for the full product lifecycle from design and development to testing, manufacturing, and production. Corvid’s campus expansion will include the construction of an additional 400,000-square-foot manufacturing facility at the company’s headquarters, adding engineering and manufacturing of vehicle launch systems.
“We’re incredibly excited to continue expanding our campus here in North Carolina and investing in the people, facilities, and capabilities that will support Corvid’s growth for years to come,” said Dr. David Robinson, President and CEO of Corvid Technologies. “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, and it reflects the demand we are seeing from our customers and the confidence we have in our people. We are proud to continue building Corvid’s future right here in North Carolina.”
“Corvid is advancing defense innovation and helping strengthen our national security,” said N.C. Commerce Secretary Lee Lilley. “This expansion underscores how North Carolina provides the stable, supportive environment that high-tech start-ups need to thrive while connecting them with a rich ecosystem of innovation and talent that drive investment.”
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. Although salaries for the roles will vary, the average annual salary will be $81,550, exceeding Iredell County’s average wage of $64,895. These new jobs could create a potential annual payroll impact of nearly $34.5 million for the region.
Corvid’s expansion in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG), which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.7 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,449,750, spread over 12 years. State payments occur only following performance verification each year by the departments of Commerce and Revenue 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. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.
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 as much as $1,483,250 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities anywhere in the state finance necessary infrastructure upgrades to attract future business.
“This is a great news for Iredell County and the entire state,” said Senator Vickie Sawyer. “These great-paying jobs are exactly the opportunities we want to provide the hardworking people who call our region home, and we stand ready to help them in this next phase of growth.”
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, Commerce’s Division of Workforce Solutions, the North Carolina Community College System, Mitchell Community College, Iredell County, Iredell County Economic Development Corporation, the Town of Mooresville, and Duke Energy.
Corvid Technologies is a recipient of multiple One North Carolina Small Business Program grants that helped accelerate the company’s innovation, growth, and positioning for additional federal funding.
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