Boosts New York State's Aerospace Industries with the Addition of High-Tech Machinery and Extensive Facility Updates
Furthers Regional Economic Development Strategy that Prioritizes Modern Manufacturing
Governor Kathy Hochul today announced the significant expansion of Moog Inc. in Western New York, creating up to 500 new jobs in the local aerospace industry with the addition of new high-tech manufacturing equipment. Moog, headquartered in East Aurora, is one of the region's largest employers with more than 3,500 employees in Western New York. The $25 million investment by one of the world's leading manufacturers of precision control components and systems further fuels Moog's continued success in New York State. Programs that will be supported by the project include the F-35 Joint Strike Fighter, V-22 Osprey tiltrotor, full flight training simulators, and hardware for satellites and NASA programs.
"New York is committed to helping companies like Moog invest in Western New York and expand their state-of-the-art facilities to generate new high-paying jobs in the region," Governor Hochul said. "When it comes to economic development we have one goal: to be the most business- and worker-friendly state in the nation. This latest expansion by Moog creating up to 500 new jobs is evidence of New York's thriving manufacturing sector and is a testament to our successful efforts to rebuild and revitalize our state's economy."
Even with the challenges presented by the pandemic, the aerospace systems and components manufacturer continues to grow and invest in facility expansion, renovations, and capital equipment. The $25 million project will include building renovations and the purchase and installation of high-tech machinery, equipment, furniture and fixtures. The project will provide additional manufacturing space with some mixed-use areas for research, development and support staff on its East Aurora campus.
Chairman and CEO of Moog Inc. John Scannell said, "With the generous support of New York State, we have been able to accelerate our investments in our major facilities just outside Buffalo, NY. Our investments in buildings and advanced manufacturing equipment are helping to create new jobs in the highly skilled manufacturing sector. These jobs are across multiple end markets including defense, space and the electrification of construction equipment. We are very excited about the long-term opportunities these markets present for our base in East Aurora. Investment in organic growth, with the support of the State of New York, will ensure the continued success of Moog into the decades to come."
The 500 new jobs at Moog will include engineering, production line workers, assembly and test, machinists and technicians, manufacturing and support, as well as administration. For job opportunities, visit http://www.moog.com/careers.
New York State, through Empire State Development, will provide up to $15 million in Excelsior Jobs Program tax credits in return for Moog achieving its job creation commitments. These performance-based incentives will allow the company, which is projecting approximately $3 billion in sales for 2022, to expand operations and create 500 new jobs over the course of five years.