Meggitt Aircraft Braking Systems opened its $9.3 million expansion of the company’s manufacturing and distribution campus in Danville, Kentucky.
During the two-part project, MABS relocated and integrated its wheel-and-brake maintenance and repair operations facility from Akron, Ohio to Danville. As well, the company expanded its carbon brake manufacturing capacity with three new production furnaces and related support machines. The expansion will help MABS meet current and future demand from new clients, including providing components for the Canadian Bombardier C-Series aircraft and Gulfstream 650 Business Jet.
“We’re thrilled to expand the MABS Danville campus. Every time we’ve invested here, the community and state have reaffirmed this is the right location for future growth,” said MABS President Luke Durudogan. “As we continue to evaluate our global footprint, we see the potential for additional opportunities in Boyle County.”
MABS provides aircraft braking systems to a wide range of customers including airline operators, aircraft constructors, private aircraft owners, charter operators, government and military operations as well as distributors and repair stations. The company initially located its carbon brake manufacturing facility in Danville in 2005. In 2011 it added an assembly and distribution operation, bringing its total Kentucky investment to approximately $70 million. MABS currently employs about 185 people in Danville.
“Over the past decade, Meggitt Aircraft Braking Systems has become a substantial employer and a major player in Boyle County’s economy,” said Governor Matt Bevin. “This new expansion represents the company’s ongoing commitment to central Kentucky and exemplifies the Commonwealth’s increasing role in the global aerospace industry. Corporate partners like Meggitt recognize and appreciate Kentucky's ideal location and highly skilled workforce for aviation and aerospace manufacturing. We are grateful for Meggitt’s continued investment in the Commonwealth and look forward to working with them for many years to come.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in March 2015 preliminarily approved the company for tax incentives up to $1.7 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, Meggitt can receive resources from the Kentucky Skills Network.