Securaplane announces Oro Valley expansion for 2013 | Business
The following is a news release from the Town of Oro Valley:
In December 2013, Securaplane Technologies, a leading supplier of avionics products for business, commercial and military aircraft, will move from its current location at Foothills Business Park into a newly-constructed facility in Oro Valley’s Innovation Park. Securaplane’s 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.
At its new location, Securaplane will be among other world-class leaders such as Sanofi and the Roche Group’s Ventana Medical Systems.
"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 on October 3, 2012, is an overlay district that streamlines the process and reduces the time required to establish or expand a business in that area.
Securaplane Technologies President Shubhayu Chakraborty 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 an operating subsidiary of Meggitt PLC. Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe, and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy markets.