Wednesday, November 22, 2017

Crestview Aerospace for sale

CRESTVIEW, Fla. -- L3 Crestview Aerospace, which has more than 500 workers at its facilities in Crestview at Bob Sikes Airport, is up for sale. The Crestview plant manufactures and modifies cabins, fuselages, tail booms and other parts for commercial and military aircraft. L3 Crestview Aerospace also includes a plant in Chihuahua, Mexico, that produces sheet metal and parts for commercial aircraft structures. The possible sale is part of a move by New York-based L3 Technologies to focus on more profitable businesses. L3 initially announced its intent to sell Vertex Aerospace, which includes Crestview Aerospace, a couple of weeks ago. The announcement that Crestview Aerospace is for sale does not mean that layoffs or other job actions at the company's local facility are imminent, said L3 spokesman Lance Martin. (Source: Northwest Florida Daily News, 11/21/17)