Tuesday the Savannah Economic Development Authority announced the expansion in the area by LMI Aerospace, Inc. The expansion includes 100 new jobs and more than $5 million in total investment.
Southeastern U.S. based customers have awarded additional sub assembly and machined component work to LMI in the last year. LMI has already purchased or has on order equipment plus added leased real estate to support this new work.
LMI recently leased an additional 50,000 square feet of space at its current plant site to handle production rates increases and to establish a more complete advanced CNC machining operation with the help of employees from Valent Aero structures, which LMI acquired in December 2012.
This announcement is the second in the past year. In September 2012, LMI Aerospace announced an expansion of the facility from 86,600 square feet and 44 employees to 111,400 square feet and 52 employees. "LMI Aerospace will be celebrating its tenth anniversary year in Savannah in August 2013," said Ronald S. Saks, Chief Executive Officer of LMI. "We began with a kitting operation for Gulfstream in a 28,000 square feet leased facility in Pooler, Georgia.
With our most recent leased addition, we currently occupy about 160,000 square feet in that facility, and now provide aircraft components and subassemblies which are kitted, assembled or machined. Our work force continues to grow, and we are pleased with not only the available plant space, but also the quality of the workers who have joined us, and the support of both the city of Savannah and the state of Georgia.
We consider ourselves fortunate that the aerospace industry continues to grow, and we intend to offer our Savannah products and services as a valued supplier to our customers," Saks added. "We are delighted to welcome this new investment in jobs and equipment from LMI and its subsidiary Valent Aero structures to the growing aerospace cluster in the Savannah area, which, along with Columbus, Macon/Warner Robins, and other areas across Georgia, is seeing a surge in aerospace investment and employment," said Georgia Department of Economic Development Commissioner Chris Cummiskey.
"Companies recognize the value added by Georgia's skilled workforce and the global access afforded by the state's top-ranked logistics infrastructure." Savannah Economic Development Authority President and CEO Trip Tollison added, "LMI Aerospace has an excellent award-winning reputation for quality and reliability in the aerospace industry and we are proud that they continue to grow in Savannah.
"LMI Aerospace, Inc. is a leading provider of structural components, assemblies and kits to the aerospace, defense and technology industries including Gulfstream Aerospace, Boeing and Aviation Partners Boeing.
They fabricate, machine, finish and integrate formed, close tolerance aluminum and specialty alloy components and sheet metal products primarily for large commercial, corporate and military aircraft.
LMI Aerospace manufactures more than 30,000 products for integration into a variety of aircraft platforms manufactured by leading original equipment manufacturers, referred to as OEMs, and Tier 1 aerospace suppliers.