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PteroDynamics chooses Colorado for new research and development headquarters

Christian Fernsby |
PteroDynamics, an aircraft design and manufacturing company that develops innovative vertical take-off and landing (VTOL) aircraft, announced that it has selected Colorado Springs, Colorado, as the location for the company’s new research and development headquarters.

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The new facility will focus on research and development and assembly, capitalizing on the skilled workforce available in El Paso County and across the state.

Once fully operational, the new facility is expected to create 186 jobs with an annual average salary of $120,645 which is 233 percent higher than the average wage in El Paso County.

Colorado possesses a unique blend of military installations and commands, private aerospace companies, academic and research institutions, and government entities. This unique ecosystem has made Colorado the top state in the nation for private aerospace employment per capita and second in total private aerospace employment.

Colorado competed against Texas for the facility. The company also was recently awarded a large contract with the federal government.

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