JACKSON, MS - Governor Haley Barbour announced today that Alliant Techsystems Inc. (NYSE: ATK) will manufacture composite structures for next-generation commercial aircraft at its Iuka, Mississippi, facility.
Composite materials are critically important in the production of next-generation aircraft because their strength and light weight deliver fuel efficiencies and operability unavailable using traditional metal manufacturing. ATK will produce composite structures for these aircraft, as well as composite aircraft engine components, at its Iuka facility.
The expansion is expected to retain the 176 jobs currently at the facility, and the workforce will grow to a total of 800 employees in the next eight years.
"We welcome ATK's decision to locate its composite airframe operations at the Tishomingo County facility," Governor Barbour said. "ATK's selection of its Mississippi site for these high-tech operations indicates the company's confidence in Mississippi's workforce and its ongoing commitment to doing business in the state."
ATK's expansion of operations at the Iuka facility will result in the addition of several hundred high-wage jobs over the next eight years.
The State of Mississippi has assisted ATK with this expansion by providing funding for building infrastructure improvements. "Expanding ATK's presence in Mississippi with its talented workforce, strong university system, and pro-business environment is the right strategic move for our company," said Dan Murphy, Chairman and CEO.