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Avio, an Italian rocket manufacturer, will invest over $500 million to build a facility in Pittsylvania County, Virginia, creating 1,546 jobs. The facility will manufacture solid rocket motors for defense and commercial applications.

This investment marks the second-largest economic development deal in Southside Virginia history. The project is eligible for more than $100 million in state and local incentives, including a $7.5 million relocation grant.

The facility is expected to open with hundreds of employees by 2028. Avio's U.S. subsidiary was established in 2022 to focus on the North American market.