The $50 million investment is expected to generate 220 new jobs, according to the South Carolina Department of Commerce.
"This represents an important move for our company, and we are happy to be moving to South Carolina," said John Zinn, president and CEO of Defense Venture Group. "Our company and its subsidiaries needed a new facility in which to grow, and Lancaster County provided that. The area's strong workforce and business environment will help our company continue to provide top service to our customers and meet future project goals."
Defense Venture Group owns Indigen Armor, a manufacturer of purpose-built armored vehicles; Armorline Corp., which produces specialized transparent ceramic products for the aerospace, defense and commercial sector; and Tactical Runflat Systems, manufacturer and distributer of dynamic run-flat tire solutions for the military, police, fire, EMS and security markets.
The company will move all of its manufacturing, research and development and headquarters operations into the former BMB Steering building in the Indian Land region of Lancaster County.
Defense Venture Group will begin moving into the building in March, and expects to have all of its operations online in May. The company expects to begin hiring in March and is working with readySC on the hiring process.