DAE Systems (Dynamic Air Engineering, Inc.) announced that it will fully relocate all operations including the headquarters, research and development and product manufacturing from California to a speculative manufacturing facility in the Claremont International Business Park.
DAE Systems commits to invest a minimum of $7,255,000 on acquisition and completion of the facility and installation of aviation parts manufacturing machinery and equipment.
Agracel Inc. will purchase the facility from BG&A Properties, LLC (Matthews Construction) and up-fit the facility to company specifications, leasing the facility to DAE Systems, which plans to create a minimum of 53 new jobs over 5 years. The average wage of all new jobs created will greatly exceed the county average wage. DAE Systems serves the aviation and defense communities with engineered products.