Puerto Rico offers $1 million incentive package to Lockheed MartinAll Articles
The global security and aerospace company plans to invest $700,000 to expand its IT service center in Aguadilla by 40,000 sq ft. The expansion will create 120 new jobs, more than tripling the size of its workforce in Puerto Rico over the next three years.
This expansion supports Lockheed Martin’s business operations as one of five global IT service centers that serve approximately 98,000 Lockheed Martin employees around the world. Many of the newly created jobs at the site include junior and senior IT staff, as well as software, SAP and cybersecurity related roles. The Aguadilla facility currently measures 4000 sq ft.
Lockheed Martin has had a presence in Puerto Rico since 2007, when the company began operations in Mayagüez. All 60 employees who previously worked at the former Lockheed Martin site in Mayagüez are now working in the new Aguadilla facilities. In addition, 38 employees have been recently hired in Aguadilla, bringing the total number of employees at the site to 98.
The Puerto Rico Industrial Development Company (PRIDCO) is promoting this expansion with job creation and infrastructure incentives up to approximately $1 million. Employees must be hired within 24 months and must be retained by the company for a minimum of 24 additional months. The infrastructure incentive will be a reimbursement once expansion plans are underway.
“We’re pleased with the results that the aerospace cluster strategy is driving to position our island as a major player in this emerging sector. We celebrate the fact that Puerto Rico provides excellent human capital that is highly skilled and knowledgeable in this regulated industry,” said PRIDCO Executive Director Luis Ortiz.
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