Elected Officials Attend Meggitt's Groundbreaking Ceremony
14 Novembre 2019 - 10:51PM
Business Wire
Meggitt PLC, an international company specializing in
high-performance components and sub-systems for the aerospace,
defense and selected energy markets, plans to significantly
increase its commercial and military aircraft carbon brake
manufacturing capacity at the 190 Corporate Drive facility in
Danville, KY. The expansion will create up to 83 full-time jobs
with a nearly $82.7 million investment. Ground breaking ceremonies
were today with several federal, state and local elected officials
and their representatives present.
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Meggitt leadership breaks ground with
federal, state and local government partners. (Photo: Business
Wire)
The project will allow the company to fulfill increasing orders
following recent contract awards for braking systems. The facility
already provides braking components for a number of customer
programs, including the Airbus A220 and A321, as well as for
Embraer, Gulfstream, Dassault and Bombardier. The new facility also
will serve as an MRO hub to meet rising demand for aircraft
maintenance. The 95,000-square-foot expansion would include new
carbon furnaces plus ancillary equipment, as well as upgrades to
existing machinery.
“Our order book has grown substantially in recent years and we
are also witnessing a significant increase in carbon brake demand.
It is a trend that is set to continue and this investment is an
essential part of our future strategy,” said Brian Bondarenko,
president of Meggitt Braking Systems. “Investing in Danville is a
natural choice for us. We have been operating here for over 14
years and we continue to increase capacity. Danville gives us ready
access to a rich talent pool and skilled employees, through this
investment we hope to increase our workforce over time.”
Sen. Rick Girdler, of Somerset, expressed gratitude to everyone
involved with making the project possible. “I want to congratulate
Meggitt for this major investment affording them 83 new jobs,” Sen.
Girdler said. “Thank you to all those involved for prioritizing
continued expansion, growth and job creation here in the Danville
community.”
Rep. Daniel Elliott, of Danville, thanked the company for the
job creation and continued growth. “This announcement is very
exciting news for our local economy, as Meggitt’s expansion will
add to their already strong presence in Boyle County,” Rep. Elliott
said. “As Kentucky’s number one export, the aerospace industry
continues to thrive and employ more of our citizens, including
right here in Danville. I want to thank Meggitt for their
investment and confidence in our community and workforce, and look
forward to seeing their creation of 83 new, quality jobs.”
Danville Mayor Mike Perros said the company has been the ideal
corporate partner. “The greatest compliment that an existing
industry can pay to its home community is to reinvest. Meggitt has
done so time and again,” Mayor Perros said. “We appreciate the
continued confidence that Meggitt has expressed in Danville with
this major expansion. Our community stands ready to support
Meggitt, its management and its employees as it grows with us.”
Boyle County Judge-Executive Howard P. Hunt III said the company
is a shining example of the type of success aerospace companies can
have in Kentucky. “Meggitt’s rate of growth in Boyle County since
2006 has been remarkable. The company’s increased operations have
put our community at the forefront of Kentucky’s aerospace
industry,” Judge-Executive Hunt said. “We welcome this significant
new phase of Meggitt’s expansion in our community. Aviation is a
critical aspect of Boyle County’s economy, and Meggitt’s investment
demonstrates that our community is the right location for aerospace
businesses to take flight.”
To encourage the investment and job growth in the community, the
Kentucky Economic Development Finance Authority (KEDFA)
preliminarily approved a 15-year incentive agreement with the
company under the Kentucky Business Investment program. The
performance-based agreement can provide up to $1.4 million in tax
incentives based on the company’s investment of $82.68 million.
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version on businesswire.com: https://www.businesswire.com/news/home/20191114005892/en/
Ed Boquist ed.boquist@meggitt.com 202-415-3377
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