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$230M in upgrades to net 625 new jobs

$230M in upgrades to net 625 new jobs

By: Magnolia Tribune - February 3, 2009

The Clarion-Ledger, 2/2/9

A $230 million investment in an aerospace company will produce 625 new jobs over the next eight years in a northeast Mississippi county riddled by a rising unemployment rate, company and government officials announced Monday.

Alliant Techsystems, commonly known as ATK, will spend $200 million to upgrade its 320,000-square-foot plant in the Tri-State Commerce Park near Iuka, said Brian Cullin, spokesman for Minneapolis-based ATK, which opened the facility in 1999.

Workers will begin building fan cases later this year from composite materials for the Rolls-Royce engine that will power the Airbus A350 XWB. Cullin said workers also will build frames for another aircraft at the facility. The details of that agreement have not been announced.

New jobs at the facility will pay an average of $53,000 or more, Gov. Haley Barbour said.

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