Alabama’s 2022 projects to inject record $10.1 billion in new investment
MONTGOMERY, Alabama — Economic development activity in Alabama generated $10.1 billion in new capital investment during 2022, a new annual record and another indicator of strength in the state’s economy. Governor Kay Ivey announced today that the 2022 Alabama Economic Development Impact Report, compiled by the Alabama Department of Commerce, shows that investment tied to…
Alabama firm on trade mission strikes partnership with Australian company
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 a trade mission organized by the Alabama Department of Commerce to…
NASA’s newest rocket, SLS, blasts off with Alabama DNA
NASA’s Space Launch System — the space agency’s most powerful rocket ever — blasted off on its inaugural mission early this morning, thanks to major contributions from scientists, engineers, technicians and other workers in Alabama. Following the successful launch, NASA’s Orion spacecraft is on its way to the Moon as part of the Artemis program.…
Beyond Gravity doubling production of rocket structures in Alabama expansion
DECATUR, Alabama — Switzerland-based Beyond Gravity, a manufacturer of structures for launch vehicles, said Thursday it is adding a new production facility in Decatur to provide additional payload fairings for the United Launch Alliance’s next-generation Alabama-built Vulcan rockets. Beyond Gravity said it is working with ULA to build the new production facility, which will add…
Alabama team uncovers 6 potential projects, new insights at Farnborough
LONDON — Alabama’s business recruitment team wrapped up its mission at the 2022 Farnborough International Airshow today with its sights on at least six growth project opportunities and fresh insights into the trends shaping the future of aerospace, aviation and defense. While in London and at Farnborough, the Alabama working team engaged in well over…
Boeing’s Alabama operations on growth trajectory with $1B missile seeker contract
A longtime linchpin of Alabama’s aerospace industry continues to expand in the state, focused on next-generation technology that is charting the future of national defense and space exploration. Boeing employs more than 3,000 people across a diverse lineup of operations based in Huntsville, where its legacy started 60 years ago with the development of the…
Defense contractor Kratos plans to add 76 jobs at Birmingham facility
FARNBOROUGH, England — San Diego-based Kratos Defense & Security Solutions Inc. announced plans today to expand its newly established business unit in Birmingham. With the support of critical enhancement programs provided by the State of Alabama, Jefferson County and the City of Birmingham, Kratos expects to add 76 jobs and make approximately $8.6 million in…
Alabama team plans productive Day 2 at Farnborough Airshow
FARNBOROUGH, England — Commerce Secretary Greg Canfield and the Alabama economic development team begin a second day of appointments at the 2022 Farnborough International Airshow amid plenty of competition for new aerospace industry investment and jobs. Secretary Canfield and Bob Smith, the Alabama Department of Commerce’s point man on aerospace, engaged in a full day…
Alabama team kicks off Day 1 appointments at Farnborough Airshow
FARNBOROUGH, England — Led by Commerce Secretary Greg Canfield, the Alabama economic development team entered the opening day of the 2022 Farnborough International Airshow working a full slate of appointments with representatives of aerospace, aviation and defense companies. “We’re beginning our Farnborough mission with the objective of building on our long-standing connections with some high-performing…
Lockheed Martin plans Missile System Integration Lab in Huntsville
HUNTSVILLE, Alabama — Lockheed Martin announced plans today to invest $16.5 million to open a new facility focusing on missile defense on its campus in Huntsville, another milestone marking the defense contractor’s growing footprint in Alabama. The 25,000-square-foot Missile System Integration Lab (MSIL) facility will initially be used exclusively for development in Lockheed Martin’s Next Generation Interceptor (NGI)…
