StandardAero, September 20, 2018 - Scottsdale, AZ – StandardAero Component Services recently cut the ribbon on a new 206,000 sq. ft. repair facility, directly adjacent to its current 236,000 sq. ft. component repair facility in Cincinnati, nearly doubling its capacity to accommodate rapid growth in customer demands during 2018 and beyond.
Hosting a ceremony to dedicate the new facility on September 14, StandardAero CEO, Russell Ford and Rick Stine, President of StandardAero Components, Helicopters & Accessories, were joined by employees and more than a dozen invited guests and dignitaries -- including customers, city and state of Ohio officials, including representatives of U.S. Congressional offices, along with local economic development executives.
The new facility has been converted into a high-tech aerospace component repair shop with new flooring, lighting and HVAC systems. StandardAero is actively moving parts, equipment and people into the building. The facility will accommodate component repair growth on new and legacy platforms, aeroderivative, military and commercial aircraft engine component repair, as well as larger components.
Once fully operational, StandardAero expects to employ 200-300 new technicians to continue to meet the growing demands of customers over the next 12-18 months. Currently, the company has 70+ open positions publicly posted for new jobs in Cincinnati.
"As new engine platforms are launched and legacy fleets are still maintained, the entire industry is seeing tremendous growth. Demand for component repair has increased so we are stepping up to directly support our customers and address the continued and rapid need for more component repair capacity," said Rick Stine.
During 2018, StandardAero also increased shop capacity by an additional 60,000 sq. ft. with expansions of its facilities in Hillsboro, Ohio and Miami locations.
Overall investment to fund the expansions will exceed $20 million in construction and capital equipment, when completed.
"We are continuing to invest to accommodate overall increasing volumes for StandardAero -- as well as to continue to provide the aerospace industry's best delivery performance for component repair and manufacturing services," Stine added.
StandardAero Component Services offers a comprehensive, One-Stop-Shop™ of repair and overhaul capabilities to provide industry leading turnaround times and meet customers' repair requirements. Some of the company's major process capabilities include cleaning, NDT and inspection; cold spray; thermal spray and coating; plating; welding/brazing and heat treatment; painting, stripping and surface prep; manual and CNC machining; and extensive composite capabilities.
About StandardAero: StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in the business & general aviation, airline, military, helicopter, components and energy markets. The company celebrated its 100th year of industry leadership in 2011. In 2015, StandardAero was purchased by Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide, including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education.