ST Engineering Aerospace has signed a Memorandum of Understanding to expand its presence in the United States with the development of a new MRO complex at the Pensacola International Airport in Florida.
Valued at $210 million, the 655,000 square feet facility will be jointly funded by the several state and federal organisations, with ST Engineering Aerospace investing $35 million.
Under the agreement, ST Engineering Aerospace and the City of Pensacola will begin to develop the MRO facility in 2022. It will consist of three widebody aircraft hangars and contribute about 1.5 million man hours annually. The facility will be adjacent to the present MRO site. In total, both facilities – to be called the Pensacola Aerospace Campus – will provide 2.1 million man hours.
The announcment follows the company's June opening of a 173,500 square foot MRO facility in Pensacola, which has already redelivered 25 aircraft.
“The expansion plan in Pensacola, which aligns with the Group’s commitment to invest in its core business, would strengthen ST Engineering’s aerospace network in the US to better serve its growing customer base in the Americas.”
The company has two other MRO bases in the country, with one in Mobile, Alabama and another in San Antonio, Texas.
Source: Cirium Dashboard