Santa Ana-based TTM Technologies Inc., the maker of printed circuit boards, announced yesterday the completion of a $130 million manufacturing facility in DeWitt, New York, a project expected to create up to 400 engineering and manufacturing jobs.
The 215,000-square-foot manufacturing facility, named Syracuse Diamond, received a $30 million investment from the U.S. Department of War. The project was first announced in 2023 and aims to address a “critical gap in the U.S. defense industrial base,” the company said in a statement.
“Our defense customers need trusted, domestic, ultra-high-density interconnect production capability that meets the most demanding program requirements in the world. Today, we bring that capability to the United States,” EVP and President of Aerospace and Defense Cathie Gridley said.
TTM’s printed circuit boards are used in industries ranging from aerospace and defense to automotive, medical and data centers.
Shares of the company fell 4.3% in midday trading today to $211.76, for a market cap of $22 billion (Nasdaq: TTMI).
Read more about TTM in an upcoming issue of the Business Journal.
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