Corvid Technologies has added a 250,000-square-foot manufacturing facility to its Mooresville, N.C., campus near Lake Norman, and has plans to continue its expansion.
The U.S. Department of Defense contractor and engineering firm recently held the ribbon-cutting event for the new building, which is expandable up to 350,000 square feet. The company opened its headquarters in Mooresville in 2019.
Corvid performs design, analysis, prototyping and testing and utilizes computational physics for products in sectors including missile defense and motorsports.
The company last year won approval from Mooresville and Iredell County officials for incentives for its manufacturing expansion. Incentives records from that time show Corvid’s expansion could create more than 50 new jobs and retain 367 more workers at the Mooresville campus.
Corvid President and CEO David Robinson said the company last week put an additional 100 acres under contract to further expand its campus. Exact plans for the land off Transco Road and Langtree Campus Drive are unclear.
In the Charlotte Business Journal, Robinson reflected on Corvid’s growth. He founded the company in 2004, when Corvid had around $350,000 in annual revenue. In 2024, the company registered $350 million in revenue. Robinson said the company’s average annual growth rate is 40%. Corvid now has 11 companies under its umbrella and has 10 locations from North Carolina to Hawaii.