Expansion Project Will Increase Meggitt’s Carbon Brake Manufacturing Capacity
DANVILLE, Ky.–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 its Danville facility. The expansion project will allow Meggitt to fulfill increasing orders following recent contract awards for braking systems, the company said in a news release. It is expected to create up to 83 full-time jobs with a nearly $82.7 million investment.
Meggitt held a groundbreaking ceremony, attended by several federal, state, and local elected officials and their representatives, at its 190 Corporate Drive facility in November.
The 95,000-square-foot expansion is expected to include new carbon furnaces plus ancillary equipment, as well as upgrades to existing machinery. Meggitt’s Danville, Kentucky 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 (maintenance, repair, and overhaul) hub to meet rising demand for aircraft maintenance.
“Our order book has grown substantially in recent years, and we are also witnessing a significant increase in carbon brake demand,” said Brian Bondarenko, president of Meggitt Braking Systems, in the release. “It is a trend that is set to continue, and this investment is an essential part of our future strategy. 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, [and] through this investment, we hope to increase our workforce over time.”
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 that 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.
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.”
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