Defense manufacturer Kearfott Corporation plans to expand its facility in Buncombe County and create 75 jobs over the next three years.
Gov. Pat McCrory's office announced Friday that the company would invest $11.8 million in its plant in Black Mountain, about 15 miles east of Asheville.
Kearfott is eligible to receive a $75,000 grant from the One North Carolina Fund. The grant requires a local match, and the company must meet investment and job-creation milestones.
The average annual wage for the new jobs is expected to exceed $46,000, plus benefits. The Buncombe County average is $35,784.
Kearfott designs and manufactures guidance and navigation systems for commercial and military aircrafts and spacecrafts, as well as systems for land and sea vehicles. The company employs 336 people in North Carolina.