The Aerospace Corporation announced last week it is investing nearly $100 million in a second state-of-the-art research and development facility in Colorado Springs.

“This facility, recently approved by the Aerospace Board of Trustees, is planned to be 70 percent classified space and includes a multi-purpose high-technology center to meet the growing requirements of the U.S. Space Command, the U.S. Space Force, and a variety of other customers,” according to a news release issued by The Aerospace Corporation.

Construction starts this month with groundbreaking activities planned for fall. Completion and occupancy are scheduled for spring 2022, the release said.

“This new, high-tech facility furthers our commitment to supporting our many partners in the Colorado Springs region in advancing our nation’s security in space,” Steve Isakowitz, Aerospace’s president and CEO, said in the news release. “The space enterprise is changing faster than ever, and our increased capabilities will be critical in helping our government partners tackle critical problems and shape future concepts for space warfighting.”

Aerospace employs approximately 240 engineers, scientists and analysts at its current facility located in the Colorado Springs Airport Business Park. These employees primarily work for the company’s Defense Systems Group, Strategic Space Operations, and the national engineering technology hub, Engineering Technology Group, according to the release, which added that the second building will be adjacent to the existing location and feature 90,000 square feet of working space, which has the capacity to accommodate company plans to add 200 technical employees.

“The new building will enhance the company’s work providing technical expertise to define and build a more resilient space architecture,” the release said. “Additionally, it will support acquisition activities, test and evaluation, tactics, techniques and procedures development, as well as furthering concept exploration.”

Read more about this project in the Aug. 14 edition of the Colorado Springs Business Journal.