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New Additions Fly High in the Aerospace IndustryJune 06 2013 - 4:41 pm
For Immediate Release
June 6, 2013
New Additions Fly High in the Aerospace Industry
MSC Aerospace to establish operations in Iron County
Salt Lake City, UTAH – MSC Aerospace (MSC) and its subsidiaries Metalcraft Technologies (MTI) and SyberJet Aircraft (SJA), along with the Governor’s Office of Economic Development (GOED) and the Economic Development Corporation of Utah (EDCU), announced today that MSC will commence a major expansion in Southern Utah. The company plans to expand their current Cedar City facilities in order to create more manufacturing capabilities throughout a 20 year agreement with Utah.
“Utah’s Aerospace industry is rapidly growing. We have the physical space, the technology and the workforce for aerospace companies to rapidly grow operations in Utah,” said Governor Gary R. Herbert. “I’m confident the MSC expansion will attract additional support vendors and other aerospace companies.”
MTI is an AS 9100:2009 Rev C aircraft parts and aero-structures manufacturer. MTI fabricates, processes, and assembles a variety of detail parts, sub-assemblies, and related tooling using aluminum, titanium, and stainless steel in accordance with customer prints and specifications. MTI’s customers are proprietary aircraft producers (OEMs) who include Boeing, Bombardier’s Learjet, General Electric, Gulfstream, Lockheed, Northrop Grumman, SyberJet, Vought, and others.
“For nearly 25 years MTI has been a valuable member of our community and operates two manufacturing facilities with over 250,000 sq. ft. in Cedar City. MTI and its parent company MSC are cornerstones of our manufacturing community, providing our residents with good jobs and supplying the nation’s aerospace industry with top-quality products,” said Cedar City Mayor, Joe Burgess. “We take pride in the reputation they have built in their industry, and we look forward to a bright and exciting future with MSC. We’re proud that Cedar City will be home to the amazing SJ30 aircraft, and we anticipate a future partnership of success and innovation.”
Utah’s Aerospace and Defense economic cluster represents about 4.5 percent of all state wages, and the average wage in this industry is roughly 90 percent higher than Utah’s average annual wage.
SJA produces the world’s fastest and longest range seven-seat light business jet – the SyberJet SJ30. The SJ30 is single pilot FAA certified jet with a top speed of Mach 0.83 (486 kts / 560 mph) and a 2,500 nautical mile range. It maintains sea level cabin pressure up to 41,000 feet (maximum flight ceiling is 49,000 feet). The SJ30 holds three world records for speed and distance. It is designed with a 30 degree swept wing for high speed and fuel efficient cruising and with leading edge slats and flaps that are optimized for low speed approaches and gentle landings. These state-of-the-art aerodynamic features, coupled with the efficiency and power of Williams FJ44 engines and the advanced technology of SyberVisionTM avionics by Honeywell, make the SJ30 best in class.
MSC and its subsidiaries MTI and SJA will invest millions into the project and will pay an estimated $127 million in new state tax revenue over the 20 year life of the project. Over the lifetime of the agreement, the company will pay over $1 billion in new state wages to 1,200 incented jobs.
David J. Grant, Chairman of MSC said, “MSC is excited to continue its long standing relationships with Cedar City, Iron County, and the state of Utah. We are proud of our track record of success in the aerospace industry and hope for a bright future in Southern Utah.”
“The expansion and recruitment of MSC into Iron County is the latest punctuation mark on what global companies are coming to know, that Utah IS the Best State for Business and Careers,” said Christopher M. Conabee, GOED Managing Director for Corporate Recruitment.
This project was highly competitive, and MSC has other facilities in Texas. The GOED Board of Directors has approved a 20 year Economic Development Tax Increment Financing (EDTIF) post-performance refundable tax credit of $32 million for MTI and SJA, or 25 percent of the $127 million in new state tax revenues which will be collected by the state.
To view a video please click this link: http://business.utah.gov/site-media/page-media/lg-uploads/Video/SyberJet-SJ30.m4v
Michael Sullivan, GOED Communications Director
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information, please contact: Michael Sullivan, 801-538-8811 or email@example.com.
Chuck Taylor, President SyberJet Aircraft
About MSC Aerospace (MSC)
MSC Aerospace is a family of integrated and synergistic companies with aerospace related operations. MSC Aerospace companies support full production of their own proprietary light business jet, the SJ30, and the fabrication and assembly of detail aircraft parts and aero-structures for many leading aircraft manufacturing companies. For more information, please contact: MSC Aerospace, 435-867-6868 or Chuck Taylor, 435-238-7165.