|
A new drone factory will begin operations in Denton following Denton City Council’s approval of about $870,000 in economic incentives at an April 21 meeting. Drone manufacturing company KrateoSky plans to build a drone manufacturing and development plant in Denton this year.
Ellen McCarthy, the company’s senior vice president of global government affairs, said the company expects to earn at least 60% of its revenue through federal contracts via military applications.
The measure passed 4-3 with council members Brian Beck, Brandon McGee and Mayor Pro Tem Suzi Rumohr voting against the incentives.
The overview: KrateoSky will lease a roughly 168,000-square-foot building at 3411 Mingo Road to build a manufacturing, testing and research plant for aerial drones.
McCarthy said the facility will employ about 260 people. City documents show the salaries for those jobs will average at about $79,000 annually.
Looking ahead: McCarthy said the plant could begin operations by late fall 2026, and the company plans to move forward with the Denton facility.
|