PBS Aerospace Announces $20 Million Investment in Roswell

Categories: Georgia Business NewsGeorgia News

PBS Aerospace's new investment in Roswell boosts local economy and creates jobs.

News Summary

PBS Aerospace has revealed plans to invest up to $20 million to establish its North American headquarters in Roswell, Georgia. This investment will create at least 95 new jobs, with an average annual salary of $150,000, significantly bolstering the local economy. The company specializes in manufacturing turbojet engines and has a long history of working with major clients like the U.S. Department of Defense. This move aligns with Georgia’s growing aerospace industry, which continues to thrive as a top manufacturing sector in the state.

Exciting Times Ahead for Roswell with PBS Aerospace’s $20 Million Investment!

Roswell, Georgia, is buzzing with excitement as PBS Aerospace has just announced its plans to invest up to $20 million to establish its North American headquarters and ramp up its manufacturing and research and development operations right here in our city. This is big news for Roswell and the greater metro Atlanta area!

Creating Jobs and Boosting the Local Economy

Not only does this investment represent a significant leap for PBS Aerospace, but it also promises to bring at least 95 new jobs to the local economy. The company aims to fill these positions by April 2025 when the new facility is expected to be fully operational. Imagine the impact this growth will have on our community! The new positions will boast an impressive average annual salary of $150,000, a wonderful boost for the job market.

What Does PBS Aerospace Do?

So, what exactly is PBS Aerospace? This seasoned company specializes in manufacturing small turbojet engines and auxiliary power units, primarily serving clients like the U.S. Department of Defense and various players in the commercial market. With nearly 50 years of experience in the aerospace industry and over a decade of operation in the U.S., they know their stuff!

PBS Aerospace is already making its mark on the Georgia aerospace scene, with more than 800 companies operating in this sector across the state. They have a current presence in Georgia, having previously established an office in Buckhead, Atlanta.

New Facilities on the Horizon

As part of their expansion, PBS Aerospace will be transitioning operations to a renovated building located at 1350 North Meadow while also constructing a new facility at the Tech Village North site. This dual approach is a smart move, aligning with their ambitious growth strategy and commitment to enhancing their manufacturing capabilities.

A Commitment to Excellence

PBS Aerospace is not just your average aerospace company; they hold qualifications with the Department of Defense and possess certificates for manufacturing, design, and maintenance of turbine equipment and machines. They aim to maintain high standards within the industry, working with big names like Lockheed Martin—a prominent contract that showcases PBS Aerospace’s credibility and expertise.

Support from Local Government

Roswell’s local government is thrilled about this venture. The Georgia Department of Economic Development, along with local entities, played a pivotal role in facilitating this project, emphasizing the strength of collaboration between businesses and local authorities. Roswell Mayor Kurt Wilson has also pointed out that this investment will not only strengthen the local economy but also solidify Roswell’s reputation as a favorable business destination.

A Legacy of Engineering Excellence

For those who might not know, PBS Aerospace is a part of the PBS Group, a renowned engineering firm based in Prague with a remarkable history spanning over 200 years. That’s some serious experience! The company’s deep roots in the engineering and aerospace sectors are evident in their quality products and dedication to innovation.

A Bright Future for Georgia’s Aerospace Industry

All of this excitement comes at a time when the aerospace industry is booming in Georgia. In fact, aerospace products were the state’s top export in 2023, further solidifying Georgia’s position as the second-largest manufacturing industry overall in the state. PBS Aerospace’s commitment to growth only adds fuel to this rapidly expanding sector.

As we all keep an eye on Roswell and the changes coming our way, it’s clear that PBS Aerospace is set to have a lasting impact on our community. The future looks bright, indeed!