FOR IMMEDIATE RELEASE
September 9, 2014
Contact: Tamara Fountain, Chief Operations Officer
Hayward announces lease with aerospace firm; at least 300 new jobs to be created
Pensacola Mayor Ashton Hayward was joined this afternoon by the Pensacola City Council to sign a lease with VT Mobile Aerospace Engineering, Inc. (VT MAE), which will establish a maintenance, repair, and overhaul (MRO) facility at Pensacola International Airport, creating at least 300 jobs.
The signing ceremony, which took place immediately following a special City Council meeting where the lease was approved, was also attended by representatives from Escambia County and VT MAE.
"We are so excited to bring VT MAE, one of the world’s leading MRO companies, to Pensacola International Airport,” said Mayor Hayward. "By working with VT MAE, we will be able to create good, high-paying jobs and cement Pensacola’s position as a true contender for aviation and aerospace industry investment. This partnership aligns well with our regional goals to create a robust aerospace cluster and will help create greater business and job opportunities for the citizens of Pensacola and Escambia County.”
Today’s announcement concludes the nearly two-year campaign by Mayor Hayward and economic development partners, including Escambia County and the Greater Pensacola Chamber, to attract VT MAE, a subsidiary of Singapore-based ST Engineering, to Pensacola. Under the terms of the lease, the City of Pensacola will construct an aircraft hangar complex on 18.66 acres at Pensacola International Airport and lease the facilities to VT MAE for a 30-year term. The hangar will be able to accommodate two wide-body aircraft, and is expected to be ready for operations in mid-2016.
"We have played a pioneering role in the development and growth of the aviation industry in the Gulf Coast region in the last two decades, and have been looking for a suitable location to expand our presence and service offerings in this region,” said General (USA, Ret.) John G. Coburn, chairman and CEO of VT Systems. "Pensacola presented an opportunity for us to add to our capacity with the development of an aircraft MRO facility within the Pensacola International Airport. Its strategic location, good infrastructure, and a dynamic and supportive leadership team, are reasons for our decision to establish our presence in Pensacola. We look forward to creating greater value for our customers, and hope to bring many value-added jobs to the people of Pensacola and Escambia County.”
About VT MAE
Based in the Brookley Aeroplex in Mobile, Alabama, VT MAE (VT Mobile Aerospace Engineering, Inc.) is one of that city’s largest private employers and a premier aerospace company specializing in aircraft maintenance and modifications. It is a subsidiary of Vision Technologies Aerospace Incorporated (VT Aerospace), and marketed as part of ST Aerospace’s MRO network. VT Aerospace, which owns six aerospace operating companies in five locations: Burlington, Washington; Mobile, Alabama; New Braunfels, Texas; San Antonio, Texas; and Wethersfield, Connecticut. VT MAE is a subsidiary of Vision Technologies Systems, Inc. (VT Systems), the US headquarters of ST Engineering.
About VT Systems
VT Systems (Vision Technologies Systems, Inc.) is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems’ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialised truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com for more information.
About ST Aerospace
ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering with a turnover of $2.08b in FY2013. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world’s largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support. ST Aerospace has a staff strength of around 8,000 employees worldwide. Please visit www.staero.aero for more information.
About ST Engineering
ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.63b in FY2013 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries. Please visit www.stengg.com for more information.