Tennessee Gov. Bill Haslam was in Dunlap today to announce that Precision Military Aerodynamics, which manufactures parachutes for sporting and military use around the world, is investing $1.8 million in its Dunlap facility and creating 100 new full-time jobs.
Haslam also announced that Dunlap is receiving a $200,350 Appalachian Regional Commission Grant and a $500,000 Local Park and Recreation Grant.
"Whether it is engineering the latest high-performance aircraft or designing the most advanced parachutes for elite Special Forces, Tennessee is known for its strong ties to the defense and aerospace industry," Haslam said in a news release. "The creation of 100 new jobs will be a boost for the local economy and increase opportunities for Dunlap and Sequatchie County residents."
Precision Military Aerodynamics recently moved into its new 200,000-square-foot facility in Dunlap to expand into new lines of production.