Spirit AeroSystems North Carolina expanding, plans huge future investments

(Photo: MGN)

KINSTON, Lenoir County - Spirit AeroSystems North Carolina is expanding and has plans to invest over $55.7 million in one local community.

Lenoir County and Lenoir County Economic Development announced today that Spirit AeroSystems North Carolina, Inc. will be expanding its operations in Lenoir County. The Company plans to invest over $55.7 million in Kinston over the next five years.

"Spirit is honored to be part of the Lenoir County community, and we are thrilled to partner with the County on this project to increase our investment in our North Carolina site," Terry George, Vice President of Spirit's North Carolina Operations, said. "As we further invest in our site to meet the needs of our customer, we will be creating opportunities to support job growth and positively contribute to the regional economy. This projected future capital investment will improve our capacity to deliver world-class aerostructures."

The project was made possible in part by a performance-based grant from Lenoir County up to $1,478,729. Companies receive no money up front and must meet investment performance standards to qualify for reimbursement.

Local governments utilize these grants to attract business projects that will stimulate economic activity, a representative said in a press release.

"We are excited to see Spirit assert itself with this major expansion investment at The Global TransPark. This sends a clear signal to the competitive stance of this community as Lenoir County and partners works diligently to bring new opportunity and jobs to this region. This expansion further reinforces North Carolina's position as one of the top 4 states in aerospace manufacturing in the nation and sends a message to the quality of skilled labor in eastern North Carolina", Executive Director of NC Global TransPark and Foreign Trade Zone Allen Thomas said. In addition to Lenoir County and Lenoir County Economic Development, other partners that helped with this project include: North Carolina Community College System, Lenoir Community College, North Carolina's Southeast Regional Economic Development Partnership, Lenoir Committee of 100, Inc, a representative said in a press release.

"We continue to be pleased with the increasing footprint of Spirit. Their investment and corporate partnership in our community plays a vital role in the growth of Lenoir County and Eastern North Carolina," Lenoir County Board of Commissioners Chair Craig Hill said.