Meanwhile, business- and council-led local enterprise partnership (LEP) Tees Valley Unlimited has announced that two firms – Omega Plastics and pipe manufacturer Propipe – are to move onto its Queens Meadow Business Park, one of 12 sites within the Tees Valley enterprise zone.
All three firms will benefit from business rate relief and a relaxed planning regime as a result of locating to an enterprise zone.
Wales' business minister Edwina Hart said: "We have a strong dynamic aerospace sector in Wales and this investment will build upon the skilled workforce that already exists in the area, providing a range of career opportunities.
"This type of flagship operation will provide a great start for the new Aviation Enterprise Zone."
Stephen Catchpole, managing director of Tees Valley Unlimited, said: "This is a significant day for the Tees Valley enterprise zone and one we believe will be a catalyst for further investment and job creation in the months to come."
"As the local enterprise partnership we have worked hard to ensure that the environment created by the enterprise zone was advantageous to businesses and potential investors and also complementary to growing Tees Valley industries."