Avco Corporation, doing business as Lycoming Engines, a manufacturer of piston airplane engines, will make significant renovations at its existing facility in Williamsport, Lycoming County, Pennsylvania. The company plans to create 38 new, full-time jobs over the next three years.
To enhance its competitive standing, encourage cost savings, and expand its manufacturing capabilities, AVCO plans to make renovations at its Lycoming Engines facility at 652 Oliver Street, Williamsport. The company will invest $11.34 million in the project, which includes the purchase of new, state-of-the-art manufacturing equipment.
“Lycoming continues to enhance its competitiveness through investments in our facilities and people,” said Michael Kraft, Senior Vice President & General Manager of Lycoming Engines. “We are thankful for the Governor’s support of our initiatives.”
AVCO received a funding proposal from the Pennsylvania Department of Community and Economic Development that includes a $75,000 Pennsylvania First Program grant and $17,100 in WEDnetPA funding for employee training.
Lycoming Engines specializes in the engineering, manufacture, service, and support of piston aircraft engines. With a factory in Williamsport, Pennsylvania, Lycoming piston engines power more than half of the world’s general aviation fleet, both rotary-wing and fixed-wing. The company also provides engines for military training schools and other specialized applications. Lycoming Engines is an operating division of Avco Corporation.
“It is an honor to announce that the only U.S. owned and operated aviation piston engine manufacturer plans to continue its legacy in Pennsylvania and grow its employee base here,” said Governor Tom Wolf. “As the manufacturing industry becomes more and more technologically advanced, the Keystone State’s highly skilled and dedicated workforce and world-class colleges and universities provide the resources that companies need to keep pace and succeed.”
Last year, DCED approved nearly $1.1 billion in low-interest loans, tax credits, and grants for projects across the commonwealth and secured private sector commitments for the creation and retention of more than 245,000 full-time jobs. In the same timeframe, the Governor’s Action Team completed 77 projects, creating and retaining more than 36,800 jobs.