Here’s more evidence that the region’s aerospace industry is alive and well. Aveo Engineering, which makes electronics for the aerospace industry, is expanding in Flagler County, creating a projected 300 jobs over the next three years and adding $7.5 million to the local economy.

A global producer of high-technology electronics for the aerospace industry, Aveo Engineering will establish a design and manufacturing facility at the Flagler County Airport. It will manufacture lights and fit and certify them on airplanes. The company had considered locations in Texas and Malaysia.

If those jobs are produced, its arrival in Flagler will represent the largest single gain of private-employer jobs in recent memory for the county. The last time was 2008, when Palm Coast Data announced it was consolidating its multi-state operations, promising to add 700 jobs. While those new jobs never materialized, the county’s economic development department—largely instrumental in securing the deal with Aveo —is projecting better fortunes this time, with an anticipated average annual wage of $43,000 per job.

“This should become the epicenter of the company worldwide,” says Christian Nielsen, owner of Aveo Engineering, who also has operations in the Czech Republic, Malaysia and England.