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Safran Landing Systems Expands Boone County, Kentucky, Production Operations

Aircraft landing gear manufacturer Safran Landing Systems Kentucky plans to expand its operation in Boone County, Kentucky. The more than $65 million project is expected to create 92 jobs.

The investment will allow the company to meet the demand for carbon composite brakes, which continues to increase due to heavy airline traffic.

“Safran Landing Systems is a key contributor to the Kentucky aerospace manufacturing industry, as reflected by our steady growth over the years,” said Philippe Garnier, CEO and general manager of Safran Landing Systems Kentucky. “This new investment will allow us to bolster our manufacturing capabilities with the addition of new equipment and strengthen our workforce to meet increased production volumes as we support our U.S. military and commercial customers. We are proud of our 24-year history of creating jobs and bringing specialized manufacturing skills to the local economy, which has been made possible through the support of the state and local authorities.”

To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.495 million in tax incentives based on the company’s investment of over $65 million and annual targets of: Creation and maintenance of 92 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $44.34 including benefits across those jobs.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

“The economic momentum Kentucky is seeing is a direct result of tremendous growth among our largest and most vital industries, and manufacturing and aerospace are at the center of that growth,” noted Governor Andy Beshear. “We continue to see quality companies like Safran Landing Systems expanding to meet growing customer demand, and that is a recipe for long-term success for our economy. I want to thank Safran Landing System’s leadership for their belief in the commonwealth and look forward to their continued growth in our state.”

In addition, Safran Landing Systems can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives. “Safran Landing Systems is an important player in our region’s high-growth aerospace manufacturing sector,” added BE NKY Growth Partnership CEO Lee Crume. “We appreciate the company’s leadership continuing to invest in the Cincinnati region and its partnerships with our education institutions to train high school students and young adults through its programs with Ignite Institute and Gateway Community & Technical College.”

Safran Landing Systems Kentucky produces and refurbishes advanced carbon composite brake discs and produces aluminum alloy wheels and brakes for large commercial and military aircraft.

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