An aerospace and defense manufacturer from Denmark is coming to Colorado.
Gov. Jared Polis and state economic officials announced Multicut selected Loveland for its U.S. expansion. The company will open a manufacturing facility in Loveland’s Forge Campus to supply parts for the U.S. defense industry.
Last month, the Colorado Economic Development Commission approved more than $1 million in job growth incentive tax credits if the company brings the state 82 new jobs over an eight-year period.
The company, which was founded in 1998 and has 220 employees, was also considering expanding into California and Arizona, according to state officials.
“Multicut’s decision to expand in Colorado shows how our state’s strong international relationships and terrific business environment create good-paying jobs for Coloradans and boost international investment into our state,” Polis said in a news release.
The company’s expansion is expected to meet rising demand in the U.S., the release said. Multicut’s customers include Lockheed Martin, Raytheon, Vestas and Planet Labs.
“As a Danish company, we value long-term partnerships, innovation, talent, and a collaborative business environment. Colorado delivers on all parameters,” said Frank Duhring, CEO of Multicut North America Inc., in a release. “We are excited and proud to expand our presence here and to contribute to Colorado’s dynamic advanced manufacturing ecosystem.”
Aerospace has long been one of the stronger sectors in attracting jobs for Colorado’s economy, which saw annual job losses in 2025 for the first time since the pandemic. But aerospace has also recorded a slowdown as employment growth fell by 0.3% in 2025, according to a recent Metro Denver Economic Development Corp. report.
The aerospace and engineering technology park Forge Campus, where Multicut will set up its facility, is located in Larimer County, which is home to 2,900 aerospace workers.
“We’re proud to welcome Multicut to Loveland. This is the kind of partnership that strengthens our community and diversifies Loveland’s economy,” said Marcie Willard, director of economic development for the city of Loveland, in a news release. “We are building a thriving, forward-looking economy — one that supports innovation, creates high-quality jobs, and positions Loveland for long-term success.”
Polis made the announcement at the 41st annual Space Symposium in Colorado Springs on Wednesday, where he also announced that another aerospace company has chosen to expand its operations to El Paso County.
The state awarded SelectTech Services Corp., a company from Ohio that specializes in manufacturing to support the U.S. military, nearly $2 million in tax incentives to move to Colorado last January. The move is expected to bring 150 jobs.
The expansion of Multicut marks Colorado’s strength in the aerospace and defense world, said Raymond Gonzales, CEO of the Metro Denver EDC.
“This investment not only brings new, highly skilled talent and international presence to our state, but also reinforces the collaborative foundation that has made Colorado a national leader in space,” he said in the release. “By continuing to attract and grow innovative companies like Multicut, we are building on that momentum and ensuring Colorado remains at the forefront of this critical industry.”