Reporter-Albuquerque Business First

 

Titan Aerospace announced Tuesday that it would move its headquarters to Moriarty.

The aerospace company plans to build solar-powered unmanned vehicles it calls “atmospheric satellites,” that could reduce the cost of low-Earth-orbit satellites, theNew Mexico Economic Development Department said on Tuesday.

Titan Aerospace operates a research and development facility located in Moriarty, where it is working with the FAA to obtain airspace for flight testing within the National Airspace System.

The company was recently approved to receive Job Training Incentive Program funding for the hiring of seven high‐wage positions.

The decision to locate Titan Aerospace in Moriarty, and create job growth, was based on its need to have air space for the launch of its solar powered vehicle. The company researched additional sites in the U.S., and determined the proximity to a large population center, as well as the research facilities with higher education and national laboratories, gave Moriarty a better position than the alternate locations, the department said.