The Oklahoma Department of Commerce and ACES (Aerospace Commerce Economic Services) announced this week that Oklahoma’s fastest growing industry, Aerospace & Defense, experienced another year of massive growth in 2024 after securing $146.6 million in new capital investment.

“The number of aerospace and defense companies we’ve seen invest in Oklahoma is incredible,” said Evan Brown, Executive Director of EDGE. “It’s the fastest-growing industry because of our state’s business-friendly policies and dedication to diversifying our economy. Oklahoma is quickly becoming a national leader in defense manufacturing and aerospace technologies.”

The state has invested $9.35 million in ACES since the program was created in 2018. To date, ACES has helped secure over $2 billion in capital investment (a 216% ROI), 126 project wins and 8,915 new jobs. Over the past decade, Oklahoma has seen a 125% increase in aerospace exports.