A major aerospace company recently announced its new campus at the Houston Spaceport — and the company is dedicating a chunk of the new space to startups.

Collins Aerospace — a Charlotte, North Carolina-based company owned by Raytheon Technologies — announced its plans to build a new eight-acre, 120,000-square-foot campus for human space-related activity. And of that new campus, 10,000 square feet will be dedicated to an incubator supporting aerospace startups.

The city of Houston approved the deal last week, and the company will receive up to $25.6 million in financing from Houston Airports for capital improvements, according to a news release.

"Collins Aerospace's new campus is yet another a game-changer for Houston as we position our region as one of the country's leading next-generation tech and aerospace hubs," Houston Mayor Sylvester Turner says in a statement. "We are leveraging Houston's many advantages, including our dynamic workforce, to fuel the future of aerospace— a potentially trillion-dollar, 21st-century commercial space economy."

At a recent virtual event for Houston Tech Rodeo, Jimmy Spence, senior business development specialist at the Houston Spaceport, says the campus will be space flight focused and even include manufacturing of communication parts. It's be a project that's been a long time coming, he says.

"We want to provide the space — no pun intended — for these companies that are starting, to get their feet under them, to collaborate with the folks who can help them out and really get them going," he says at the event.

It's not the first time Collins Aerospace has expanded in Houston. The company's West Houston office is reportedly at capacity.

"On behalf of Collins Aerospace, I would like to thank the City of Houston, Houston Airports and Bay Area Houston Economic Partnership for creating a robust business climate and for their strong support of this important expansion of our business," says Phil Jasper, president of Collins Aerospace's Mission Systems business unit, says in the release. "Building on our 40 years in the Houston community, this expansion will further strengthen collaboration with our customer to support spaceflight."

The new space, including the incubator, will allow for Collins Aerospace — and other corporate Houston Spaceport partners — to engage with startups and educational institutions to advance innovation.

"Collins Aerospace is a great fit at Houston Spaceport," Houston Airports Director Mario Diaz says in the release. "The partnership is a key element to realizing the importance of Houston Spaceport — a center for collaboration and innovation where the brightest minds in the world can lead us beyond the next frontier of space exploration."