An operating subsidiary of United Kingdom-based Meggitt, Securaplane Technologies, a leading supplier of avionics products for business, commercial and military aircraft, will move into a newly-constructed facility in Oro Valley Arizona’s Innovation Park.
The company said its continued strong market growth has made it necessary to increase the size of its operations to support production programs for business jet, air transport, rotorcraft and military customers.
Shubhayu Chakraborty, President, Securaplane Technologies, commented: "This is an exciting time for us. The aviation industry is witnessing a period of prolonged, favorable growth, with Securaplane beating industry trends. We are delighted to be able to accommodate this expansion within Oro Valley's Innovation Park, a beautiful setting that will help us to continue to recruit and retain top talent. The Town of Oro Valley has fostered a spirit of partnership with Securaplane from day one, so I am confident that we will be able to execute this project flawlessly."
"Securaplane is a welcome addition to Innovation Park, which is fast-becoming a hub for bioscience and hi-tech industries," said Mayor Satish Hiremath. "We're also proud to announce that Securaplane will be the first business to benefit from the newly-established Economic Expansion Zone."
The Economic Expansion Zone, which Oro Valley Town Council approved in October, is an overlay district that streamlines the process and reduces the time required to establish or expand a business in that area.