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Alabama firms make international connections at Paris Air Show

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PARIS — The Alabama team at the 2023 Paris Air Show has a major focus on recruiting new aerospace jobs and investment, but this year’s mission has a wrinkle — helping homegrown companies claim a spot on the international business stage. For the first...

Written by Jerry Underwood

Tuskegee University, Alabama exporters claim ‘Trade Excellence Awards’

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MONTGOMERY, Alabama — Governor Kay Ivey today recognized six Alabama companies for success in selling their goods and services in markets across the globe, helping to sustain robust export activities that create jobs and spark economic growth across the state. In addition, Governor Ivey...

Written by Jerry Underwood

Alabama firm on trade mission strikes partnership with Australian company

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MELBOURNE, Australia — Alabama-based Cummings Aerospace announced today that it plans to team with an Australian company to develop defense technology solutions that would be produced and distributed in Australia. Cummings Aerospace, headquartered in Huntsville, is among six state firms participating this week in...

Written by Jerry Underwood

Alabama trade mission targets opportunities at Australia’s Avalon air show

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MELBOURNE, Australia — An Alabama delegation including six aerospace-focused companies are seeking to make business connections on a trade mission this week to Avalon 2023, the largest aviation, aerospace and defense exposition staged in the Southern hemisphere. The Alabama Department of Commerce is leading...

Written by Jerry Underwood

Alabama exports soared to new record in 2022, topping $25.5 billion

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MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama exports surged to over $25.5 billion in 2022, setting a new annual record and providing another indicator that the state’s economy is performing strongly. Last year’s surging export activity was driven by rising overseas...

Written by Jerry Underwood

Rising Alabama exports put 2022 on course for record year

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Alabama exports are bouncing back from global trade frictions and disruptions caused by the COVID-19 pandemic, which combined to interrupt years of momentum that lifted overseas shipments of Alabama-made goods. While full-year results are not yet available for 2022, trade data show that Alabama...

Written by Jerry Underwood

Trade missions uncover export opportunities for Alabama companies

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For Alabama-based manufacturer Sealing Equipment Products Co., or SEPCO, selling its mechanical seals, gasketing materials, compression packing and other high-performance products in markets around the world has become a core element of its business. Today, SEPCO ships products to customers in approximately 40 different...

Written by Jerry Underwood

Foreign investment accelerates with new growth projects in Alabama

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With new growth projects under way in key industries such as automotive and aviation, foreign direct investment continues to act as a powerful catalyst in Alabama’s economy, casting a wave of job creation and triggering positive ripple effects. Since 2018, foreign companies have launched...

Written by Jerry Underwood

Motor vehicles power growth for Alabama’s export machine

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Alabama-built vehicles are blazing a trail in the global economy, ranking as the state’s top export product and serving as a brand ambassador that landed in 73 foreign countries in 2021. More than $7.7 billion in Alabama vehicle exports were recorded in 2021, topping...

Written by Jerry Underwood

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