Airframe parts supplier LMI Aerospace Inc.
’s recent acquisition of a related company will mean 100 new jobs and the second expansion of LMI’s Georgia facility in less than a year.
The Savannah Economic Development Authority (SEDA) voted to grant LMI a $125,000 cash incentive toward the expansion. The project will boost LMI’s presence at its Savannah facility to 161,000ft2 and 155 employees.
“Our work force continues to grow, and we are pleased with not only the available plant space, but also the high quality of the workers who have joined us and the support of both the city of Savannah and the state of Georgia,” LMI CEO Ronald S. Saks says. “We consider ourselves fortunate that the aerospace industry continues to grow, and we intend to offer our Savannah products and services as a valued supplier to our customers.”
Based in St. Charles, Mo., LMI opened its Savannah facility in 2003 and produces specialty airframe parts for riveting, machined parts and assemblies for Gulfstream as well as kits and assemblies for Boeing’s plants in Seattle, Wash. and Charleston, S.C.
In December, LMI completed its acquisition of Valent Aerostructures, which makes complex structural components, sub-assemblies and machined parts for Boeing, Gulfstream, Cessna and several defense contractors. Most of the work tied to LMI’s Savannah expansion will be for parts and structures previously produced by Valent.
LMI has already leased an additional 50,000ft2 of space for its expansion.