The North East is being targeted by a global aerospace company for a 2,300-job factory that aims to take advantage of new opportunities for businesses in space.
American firm Lockheed Martin says it is “exploring options for a new facility in the North East” in a move that would represent a £50m investment into the region.
The company, which has more than 100,000 employees and is one the largest defence contractors in the world, says the North East is a “strong contender for our future operations”, with the potential to create high-skilled technology and engineering jobs as it targets the emerging space sector.
