Aerospace Company To Bring Hundreds Of Jobs To Stillwater

Member Center:

Business

Aerospace Company To Bring Hundreds Of Jobs To Stillwater

Posted: Updated:

By Associated Press

Gov. Mary Fallin and officials with Belgium-based Asco Inc. announced Monday at the Farnborough International Airshow that Asco will open a new U.S. production facility in Stillwater.

STILLWATER, Oklahoma -

Officials say a Belgian aerospace company will open a plant in Stillwater, creating 250 jobs by 2014.

Gov. Mary Fallin made the announcement Monday as she attends the Farnborough International Air Show in the United Kingdom. ASCO Inc. will build in the former MerCruiser manufacturing facility on Perkins Road in Stillwater.

Officials say the company will initially invest $60 million and employ 250 people by 2014. The second phase of development would bring an additional $30 million to $40 million in capital investment and another 350 jobs by 2015.

ASCO chief executive officer Christian Boas says Oklahoma was the best fit for his company because of its central location and existing aerospace industry.

The company designs and makes aircraft components and assemblies for Airbus, Boeing, Bombardier and Embraer commercial jets.

Live Radar

Featured

Consumer Watch
Been a victim of a scam? The Consumer Watch team investigates and gives helpful advice.
My 2 Cents
Join Kelly Ogle in a community conversation about important Oklahoma issues.
9 Investigates
Are you aware of incidents of fraud, corruption, government waste? We investigate.
Politics
Get breaking news and the latest headlines from the Oklahoma capitol and Washington D.C.
Unemployment Tracker
Use this interactive map to track unemployment numbers in Oklahoma.

BusinessMore>>
Protesters across globe rally against Monsanto
Protesters across globe rally against Monsanto
Marches and rallies against seed giant Monsanto were held across the U.S. and in dozens of other countries Saturday.More >>
Protesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said.More >>
Huge crowd cheers Argentine leader's 10-year rule
Huge crowd cheers Argentine leader's 10-year rule
Argentine President Cristina Fernandez rallied a huge crowd Saturday night celebrating the 10-year government that she and her late husband Nestor Kirchner began in 2003. Her voice breaking, she called it a...More >>
Argentine President Cristina Fernandez rallied a huge crowd Saturday night celebrating the 10-year government that she and her late husband Nestor Kirchner began in 2003. Her voice breaking, she called it a victorious...More >>
Rebuilding rules as rain soaks Jersey shore
Rebuilding rules as rain soaks Jersey shore
Saws and sledgehammers joined beer and barbecues - under covered porches - as a fixture of the first Memorial Day weekend at the Jersey shore since Superstorm Sandy roared through.More >>
Saws and sledgehammers joined beer and barbecues - under covered porches - as a fixture of the first Memorial Day weekend at the Jersey shore since Superstorm Sandy roared through.More >>
Thousands of bridges at risk of freak collapse
Thousands of bridges at risk of freak collapse
Thousands of bridges around the U.S. may be one freak accident or mistake away from collapse, even if the spans are deemed structurally sound.More >>
Thousands of bridges around the U.S. may be one freak accident or mistake away from collapse, even if the spans are deemed structurally sound.More >>
Automaker Tesla takes fight to North Carolina
Automaker Tesla takes fight to North Carolina
Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage...More >>
Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling...More >>
Protesters march against Monsanto in 250 cities
Protesters march against Monsanto in 250 cities
Protests against seed giant Monsanto are getting under way across the U.S. and in dozens of other countries.More >>
Protests against seed giant Monsanto are getting under way across the U.S. and in dozens of other countries.More >>
Vintage Apple computer auctioned off for $668,000
Vintage Apple computer auctioned off for $668,000
An auctioneer says one of Apple's first computers - a functioning 1976 model - has been sold for a record 516,000 euros ($668,000).More >>
An auctioneer says one of Apple's first computers - a functioning 1976 model - has been sold for a record 516,000 euros ($668,000).More >>
In Ethiopia, African Union celebrates 50 years
In Ethiopia, African Union celebrates 50 years
Dozens of African leaders are meeting in the Ethiopian capital to mark 50 years since the founding of the African Union, a continentwide organization that helped liberate Africa from colonial masters.More >>
The African Union on Saturday marked 50 years since the founding of a continentwide organization that helped liberate Africa from colonial masters and which now is trying to stay relevant on a continent regularly troubled by...More >>
Jordan king says extremism 'grown fat' on conflict
Jordan king says extremism 'grown fat' on conflict
Jordan's King Abdullah II says extremism has "grown fat" off of the longstanding conflict between Israel and the Palestinians.More >>
Jordan's King Abdullah II said Saturday extremism has "grown fat" off of the longstanding conflict between Israel and the Palestinians.More >>
News Corp. OKs poison pill, buyback before split
News Corp. OKs poison pill, buyback before split
News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.More >>
News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile...More >>

Aerospace Company To Bring Hundreds Of Jobs To Stillwater - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Business

Aerospace Company To Bring Hundreds Of Jobs To Stillwater

Live Radar

Featured

BusinessMore>>