MSC Aerospace and its subsidiaries Metalcraft Technologies and SyberJet Aircraft plans to expand their Cedar City, Utah, manufacturing facilities. 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.
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.”
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, Utah Governor’s Office of Economic Development said. Over the lifetime of the agreement, the company will pay over $1 billion in new state wages to 1,200 incented jobs.
The GOED Board of Directors approved a 20 year Economic Development Tax Increment Financing 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.
“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 Gov.Gary R. Herbert. “I’m confident the MSC expansion will attract additional support vendors and other aerospace companies.”
“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."