Last week, we announced the official relocation of our headquarters to Chandler, AZ by celebrating this milestone with a ribbon cutting ceremony with Arizona Governor Katie Hobbs, Chandler Mayor Kevin Hartke, and other Arizona business and community leaders.
Our 150,000 square-foot, state-of-the-art tech and innovation facility will also now serve as an office to anchor operations, as well as provide space for both engineering and manufacturing.
While this is a new corporate-level development, our ties to Arizona are long-standing, as we have supported commercial and defense and government customers local to the area for over 25 years.
The relocation reinforces proximity to our customers, which include the Department of Defense, humanitarian agencies, satellite service providers, cruise lines, emergency response agencies and some of the largest cellular carriers in the country. It also puts us in a superior position to take advantage of a thriving technological community.
With a presence in Chandler, we’re able to capitalize on opportunities that are inherent to the city and surrounding communities. Chandler, and the broader Phoenix area, is robust from an economic perspective. In 2023, the number of tech jobs in Arizona increased nearly 4% from the previous year and is already experiencing another 3% increase in 2024 so far. These numbers are projected to keep climbing, with an expected 9% growth in tech jobs by 2028.
The new Chandler location also places Comtech in close proximity to potential suppliers, including semiconductor manufacturers. Since 2020, upwards of 35 companies in the semiconductor industry—e.g., Intel, Microchip, NXP—have announced plans to expand or relocate to Arizona. Establishing Comtech down the road from cutting-edge chip development will also help us quickly modernize our own solutions that are reliant on these chips.
We look forward to elevating our business within this thriving metropolis, and have full confidence that this relocation will help us capitalize on the ever-growing communications market.
Forward-Looking Statements
Certain information in this blog post contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
