Missouri ranks in top 10 for aerospace manufacturing attractiveness
- April 28, 2015
A groundbreaking ceremony was held in December, 2014, celebrating Boeing’s announcement that it will begin building parts for its 777X commercial aircraft in St. Louis. Boeing plans to make a “significant capital investment” at its St. Louis composites facility, creating 700 jobs in the region, officials said. When production begins in 2017 it will mark the first time production of Boeing commercial plans will take place in Missouri.
Missouri once again ranks in the top 10 for aerospace manufacturing attractiveness, coming in at No. 9 overall according to a report recently published by PricewaterhouseCoopers. The 2015 Aerospace Manufacturing Attractiveness Rankings examined tax rates, industry size, operating costs and educational attainment.
Missouri ranks at No. 4 for taxes; No. 7 for operating costs; No. 34 for industry size; and No. 24 for educational attainment.
“Thriving in the new competitive landscape means nurturing today’s workforce to satisfy backlog demand for aircraft and to meet demand for the next generation of more efficient, sustainable aircraft,” the report states. “Growing and diversifying this workforce is fundamental to securing the competitiveness of US commercial aviation manufacturing in a globalized market.”
The study also includes global rankings, which ranks the U.S. No. 1 overall, compared to No. 4 in the previous ranking two years ago.
“The U.S. rank, and improvement, reflects the overall size of the industry and the addition of proportionality to the industry metric,” the report states. “The U.S. aerospace industry has more than seven times as many suppliers than the #2 ranked country—the United Kingdom.”
Read the full report.