Alabama team targets aerospace growth opportunities at Farnborough Airshow
An Alabama delegation that includes high-ranking state leaders, economic development specialists and community representatives is traveling to London to attend next week’s 2024 Farnborough International Airshow, the aerospace industry’s largest trade event of the year. Deputy Commerce Secretary Angela Till is heading a small working team from the Alabama Department of Commerce that will engage…
Lockheed Martin opens $18 million Alabama engineering center
HUNTSVILLE, Alabama — Defense contractor Lockheed Martin on Thursday marked the opening of the company’s new $18 million engineering facility, labs and demonstration center in Huntsville, reinforcing its already large presence in Alabama. Bethesda, Maryland-based Lockheed Martin said the 122,000-square-foot facility provides space for 500 employees who will advance national security capabilities and drive innovation…
Raytheon kicks off $115 million expansion at Alabama missile factory
HUNTSVILLE, Alabama — Raytheon on Tuesday officially launched a $115 million expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory’s space for integrating and delivering on critical defense programs by more than 50%. The 26,000 square-foot expansion project will also bring an estimated 185 new jobs to Huntsville site, growing the employee…
Alabama trade mission targets connections at FIDAE air show in Chile
SANTIAGO, Chile — An Alabama delegation including five companies is in Chile’s capital city for this week’s International Air and Space Fair, or FIDAE, seeking to develop business connections at South America’s foremost aerospace exposition. The Alabama Department of Commerce is heading the trade mission delegation to Santiago and hosting a “Made in Alabama” exhibition…
Firm acquires North Alabama industrial facility, eyes aerospace hub
MUSCLE SHOALS, Alabama — AE Industrial Partners (AEI), a private equity firm specializing in aerospace, national security and industrial services, today announced that its affiliate Rocket Shoals LLC has acquired a sprawling industrial facility in Colbert County with plans to redevelop it as an “aerospace center of excellence.” Boca, Raton, Florida-based AEI acquired the facility…
Mobile aerospace cluster set for future growth as expansion plans take shape
MOBILE, Alabama — New investments by key players in the Mobile aerospace cluster are setting the stage for future growth at what has become a major production hub for the global aviation industry. Airbus Americas is increasing its investment in the A220 final assembly line at its Alabama manufacturing facility by an additional $18.8 million,…
Airbus marks milestone in growth project adding 1,000 jobs in Mobile
MOBILE, Alabama — At a special expansion ceremony on Wednesday, Alabama officials congratulated Airbus for progress on a growth project launched last year to ramp up aircraft production and add 1,000 workers at the company’s Mobile manufacturing facility. Governor Kay Ivey said the expansion project represents a milestone for Airbus, which announced plans for the…
Alabama-assembled ULA rocket powers first Amazon satellites into orbit
A United Launch Alliance Atlas V rocket with deep Alabama roots lifted off from Cape Canaveral days ago on a milestone mission that sets the stage for ULA rockets to deploy satellites for an ambitious Amazon broad network. The Atlas V 501 rocket blasting off last Friday launched the Protoflight mission for Amazon’s Project Kuiper,…
Commerce team wraps 2023 Paris Air Show mission eyeing future growth
PARIS — The Alabama Department of Commerce team wrapped up its mission to the 2023 Paris Air Show on Wednesday after gaining strategic insights into the dynamic trends reshaping the aerospace industry and uncovering potential new growth projects that could bring investment and jobs back home. Commerce Secretary Greg Canfield said he and his team…
Alabama’s ‘Rocket City’ explores new growth areas in aerospace and beyond
HUNTSVILLE, Alabama — From the Saturn V to the Space Launch System, Huntsville continues to cement its legacy as the Rocket City. Keeping the momentum going is a top priority for the region’s business recruiters, who are constantly asking, “What’s next?” Leaders from Huntsville and Madison County are joining others from across Alabama this week…
