Creative financing lands $125 million Swearingen aircraft plant in West Virginia

Article Abstract:

Swearingen Aviation Corp will build a $125 million assembly plant at Martinsburg, WV, which will build the $2.9 million SJ30 eight-seat business jet. The firm will receive financing amounting to $24 million from West Virginia banks and private venture capital funds and $3.5 million in state funds. State tax credits and customized job-training assistance also helped Swearingen choose the Martinsburg site. The 23,226-sq-m plant will be finished by fall 1993.

Aircraft, Aircraft industry, Martinsburg, West Virginia, Fairchild Aircraft Inc.

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Alabama lands Lockheed plant to build $688 million 'Star Wars' missile

Article Abstract:

Lockheed Missiles and Space Company Inc will set up a new manufacturing plant on a 269-ha site in the George C. Wallace Industrial Air Park, Courtland, AL, which was a former Army Air Corps base during the second world war. Lockheed was awarded the $688 million contract by the US Army to build the Theater High Altitude Area Defense system, which will be used to destroy incoming enemy missiles.

Guided missiles and space vehicles, Aerospace industry, Guided missile industry, Lockheed Missiles and Space Company Inc., United States. Missile Defense Agency. Terminal High Altitude Area Defense Program

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