Moog Plans Expansion at Salt Lake County, Utah Campus
08/15/2018
Moog plans to add these jobs within their existing facility in Salt Lake County and bring to Utah the assembly and test of a new turreted weapon system called the Reconfigurable Integrated-weapons Platform (RIwP). The RIwP is a revolutionary remote turret, providing the warfighter overmatch to current and emerging threats across the full spectrum of conflict.
“We are excited about this new product and to be hiring additional talented personnel in Utah. The support from the Governor’s office for these high-tech manufacturing jobs was key to making the decision to grow in Utah,” said Jon Liddle, Director of Moog Defense Sector Operations and Supply Chain.
Moog may earn up to 20 percent of the new state taxes they will pay over the ten-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Moog, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $980,754. Each year as Moog meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
“Moog’s expansion in Utah is one more example of our state’s compatibility with the aerospace and defense industries,” said Theresa Foxley, CEO of the Economic Development Corporation of Utah. “We’re excited to see them grow in Utah and are thankful for their continued investment here.”
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