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11/16/2004 |
Economic Development |
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Curtiss-Wright Announces Expansion in Cleveland County |
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FOR IMMEDIATE RELEASE: November 16, 2004
Curtiss-Wright Announces Expansion In Cleveland County
Company To Add 35 Jobs To Shelby Plant
(Shelby, NC) -- A local company is announcing the addition of 35 new jobs over the next three years, and plans to invest an additional $740,000 into their Cleveland County facility.
Curtiss-Wright Flight Systems, located at 201 Old Boiling Springs Road in Shelby, will add 35 full-time positions and necessary equipment in order to improve production. The expansion project is contingent upon receipt of county and city incentives.
Known as Project Actuate, the expansion will increase company payroll by $1.5 million with an average wage of $43,000 each year. The company’s current payroll is over $11 million. The building and equipment investment totals $740,498.
According to the application for county incentives, the expansion project is expected to increase the tax base by more than $40,750 over a five-year period.
Curtiss-Wright Corporation has a long history with its roots dating back to the Wright brothers' first flight in 1903. The Shelby facility consists of the Motion Control business segment, which designs, develops and manufactures precision engineered flight control and actuation systems for military and commercial aircraft. The products are primarily hydro-mechanical and electro-mechanical actuation systems for operating trailing or leading edge wing flaps, cargo doors, weapons bay doors and other devices.
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