HAMPTON, Va. (AP) -- Alcoa Power and Propulsion plans to invest $25 million in new technology at its Hampton, Virginia operation.
Gov. Terry McAuliffe says the expansion will create 75 jobs.
McAuliffe announced the project Tuesday in a news release. He says the new technology will reduce the weight of some jet engine blades by 20 percent.
Alcoa Power and Propulsion is a business unit of Alcoa Inc. The company's products are primarily used in jet engines and industrial gas turbines.
McAuliffe approved a $200,000 grant from the Governor's Opportunity Fund to assist Hampton with the project. He also approved a $450,000 performance-based grant from the Virginia Investment Partnership program.
The Virginia Department of Small Business and Supplier Diversity will provide funding and services to support the company's training and retraining activities.
Alcoa Power and Propulsion plans to invest $25 million in new technology at its Hampton, Virginia operation.