ROCKVILLE – An international company that manufactures products for aerospace and defense industries is scheduled to open its United States headquarters locally.
During its planned expansion over the next few years, the company will bring dozens of new jobs to the county with the support of government funding.
The company is RADA Technologies LLC, whose parent company, RADA Electronic Industries Ltd., is based in Israel. Governor Larry Hogan’s (R) office announced July 2 that RADA Technologies LLC will be opening a new headquarters, which will include offices, a radar manufacturing facility and research and development. The 25,000 square-foot facility is scheduled to open in Germantown.
RADA Technologies LLC CEO Bill Watson said he is “thrilled” for the future headquarters location, considering the level of technology development and technology workforce in the county.
“Given the anticipated growth of RADA Technologies, we felt that being part of Montgomery County was the best decision to enhance our presence in the United States,” said Watson. “We are thrilled to be part of a community that houses tremendous technology and the best talent, and to contribute to its economic development. I want to thank everyone who took part in making this possible and those that are still working hard in building this cutting-edge radar manufacturing facility.”
The company is scheduled to add 50 full-time jobs by 2021, plus 30 more jobs – for a total of 80 positions by the end of 2023, according to the governor’s office. The company will invest $4 million in the expansion.
Hogan said he is pleased that the company selected Maryland and is content about the jobs RADA Technologies LLC’s expansion will bring.
“We are proud that RADA Technologies chose Maryland for its U.S. subsidiary, and now plans to expand and add jobs,” said Hogan. “For global companies like RADA, Maryland serves as an excellent gateway to the North American market, including the U.S. military.”
RADA Technologies will move to its new location – at a 25,000 square-foot facility on Seneca Meadows Parkway in Germantown – from its current home in Silver Spring this summer.
The new headquarters will receive financial assistance from the county and from the state of Maryland. Maryland will provide an Advantage Maryland $300,000 conditional loan, according to a news release from Hogan’s office. The county will provide a $50,000 “Economic Development Fund conditional grant” for the project.
County Executive Marc Elrich said RADA’s planned expansion in Germantown speaks to the county’s capacity to provide amenities for technology businesses of the company’s size. Elrich credits the planned move and expansion benefitting the county to the partnership between the county and the state.
“The decision by RADA Technologies to expand in our community was supported by a county-state partnership designed to assist this global company with its workforce, technology and space needs,” said Elrich. “Their expansion is a testament to Montgomery County’s ability to help grow technology-based international businesses.”
One of the forces assisting on the countryside was the Montgomery County Economic Development Corporation (MCEDC), which helped arrange the project in its new HQ, according to its news release.
MCEDC worked with several agencies to help the agreement progress, and it planned meetings with Montgomery College to make sure the company would have “a robust workforce pipeline source.”
“RADA’s workforce needs for the new facility are diverse, ranging from management and support personnel to engineers with advanced degrees,” MCEDC officials wrote. RADA Technologies LLC will also hire skilled workers to complete non-robotic functions in product assembly and product testing at the future facility.
MCEDC officials said they expect the state will give $450,000 in Job Creation Tax Credits to RADA Technologies LLC during the duration of the project.
Advancing meetings to help RADA Technologies meet permit requirements was another way MCEDC helped the company.
“We welcome the U.S. headquarters of RADA Technologies to Montgomery County,” said MCEDC President and CEO David Petr. “The company’s work increases the county’s capabilities in the advanced manufacturing space, while helping to diversify our economy.”
The connection between Maryland and RADA Technologies LLC resulted from the work of The Maryland/Israel Development Center, formed under the Maryland Department of Commerce and Israeli Ministry of Economy. The development center, which “promotes bi-lateral trade and economic development” under the leadership of executive director Barry Bogage, introduced Montgomery County and MCEDC to RADA Technologies.
“We are delighted that RADA is expanding in Germantown, Maryland,” Bogage said. “A Montgomery County location puts RADA in the heart of a thriving defense, homeland and cybersecurity industry cluster near the nation’s capital.”