HUNTSVILLE, Ala. - Aerojet announced Monday they will consolidate several facilities and relocate their operations to Huntsville over the next two years. This means 700 new jobs for Huntsville.
“We are two years into the first phase of our CIP affordability drive and the consolidation progress, and overhead cost reductions achieved to date have exceeded our expectations,” said Aerojet Rocketdyne CEO and President Eileen Drake. “We intend to build on this success by expanding our CIP-related consolidation efforts so we can deliver the value our customers demand and position our company for further growth.”
Aerojet plans to consolidate sites in Sacramento and Vernon, California and Gainesville, Virginia while centralizing and expanding its existing presence in Huntsville with a new state-of-the-art manufacturing facility.
The facility is expected to be ready for production in mid-2019.
Mayor Tommy Battle and Madison County Commission Chairman Dale Strong made the announcement at the Chamber of Commerce of Huntsville/Madison County.
University of Alabama in Huntsville leaders also weighed in. The school is among the nation's leaders in aerospace engineering.
"Huntsville and Madison County have all of the elements that allow aerospace companies such as Aerojet Rocketdyne to thrive," said UAH President Robert Altenkirch. "The talented students that we produce along with our research capabilities are valued by our corporate partners."
The new Aerojet Rocketdyne production facility will be at the North Huntsville Industrial Park. Leaders believe that will only bring prosperity to Prosperity Drive.
"We think it is a premiere point, and once you get one or two to come, the rest will follow. But we also want to build off of that," said Devyn Keith, Huntsville City Council member for that area. "We have plans for that. And I want the city to know District 1 is on the up and up. We have turned the face of City Hall toward northwest Huntsville. This won't be the only great announcement of 2017."
"It's a very exciting day for us," said Huntsville Mayor Tommy Battle. "These jobs will affect all areas of this North Alabama community, and add economic impact to us."
He said this would help make Huntsville the propulsion capital of the world.
"This negotiation has gone on for some time, but I think we got the right people in the right place," said Dale Strong, Madison County Commission Chairman.