Defense contractor Gryphon plans Bloomington expansion

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Maryland-based  defense contractor Gryphon Technologies plans to expand its operations in Bloomington, creating as many as 60 jobs by 2013.

The engineering and technical services company will invest $800,000 to lease and equip a larger office in the Indiana city. It now has a staff of about 20 and plans to hire engineers and logistics professionals, state economic development officials said early Wednesday.

In July, the firm won a $26.6 million contract to provide logistics and technical support for the nearby Crane Naval Surface Warfare Center.

Gryphon has been recognized as one of America's fastest-growing private companies by Inc. magazine for the past seven consecutive years.

Indiana Economic Development Corp. offered the firm as much as $525,000 in performance-based tax credits based on the company's job creation plans.

"These good-paying, highly skilled jobs will have an immediate impact on our economy,” Bloomington Economic Development Corp. President Ron Walker said in a prepared statement. “But Gryphon's presence in Bloomington also bolsters our growing national recognition as an emerging technology center."

IEDC said Indiana is home to a $6.6 billion defense contracting industry that employs thousands.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In