Bay County lands GKN Aerospace

PANAMA CITY, Fla. – GKN Aerospace will locate a new manufacturing facility in Venture Crossing Enterprise Centre in Bay County, investing $50 million and providing 170 jobs. GKN, a British multinational, will lease a building that will be developed and owned by a subsidiary of The St. Joe Company. GKN Aerospace provides components and assemblies for aerostructures, engine products, landing gear, wiring systems and special products like ice protection systems, for civil and military fixed-wing and rotary-wing platforms, and is also involved in the space market. A company official said it will manufacture "advanced technology aerospace products" at the site, but could not provide details due to contractual obligations to its customer. The Venture Crossing business park northwest of Panama City is a Florida First Certified Site that includes Northwest Florida Beaches International Airport. (Source: GCRL, 02/15/17) St. Joe news release, Bay County EDA news release