Titanium components maker Radius Aerospace of Hot Springs, formerly a division of Triumph Group, announced Monday a $24 million, 22,000-SF expansion that will create 65 jobs.
Construstion is set to start next week and finish up in August.
Radius Aerospace produces complex fabricated metallic assemblies and components used in the military, commercial, business jet, regional jet, general aviation and helicopter markets.
The Hot Springs plant, which employs 385, makes products including aircraft skins, leading edges, doors, covers and ribs. Economic developers called it one of the largest expansions in Hot Springs and Garland County in several years.
"We're excited to expand and modernize our Hot Springs site with this state-of-the-art facility," Darren Hill, vice president of supply chain, said in a news release. "The quality of work our fine employees produce has enabled us to grow and continue to support both the aerospace and defense industry, which is so important to our nation.
"This expansion is further evidence of our commitment to continued growth and placing a high emphasis on being a good corporate neighbor to our community and stakeholders."
Gov. Asa Hutchinson said the Arkansas Economic Development Commission worked six months with Radius Aerospace and regional economic development on the project.
The project has received three state incentives: Advantage Arkansas, TAx Back and $300,000 in Governor's Quick Action Closing Funds.
"The strength of our workforce makes Hot Springs an excellent choice for this expansion," Hutchinson said.
The company said it's seen an increase in demand in the commercial and military aerospace industry for custom configured titanium components.