HAMPTON, Va. (WAVY) – Dozens of new jobs are headed to Hampton.
Gov. Terry McAuliffe announced Tuesday aeronautical company Alcoa Power and Propulsion will invest $25 million, creating 75 new jobs in the city. Alcoa will ‘scale-up a breakthrough process technology that cuts the weight of its highest-volume jet engine blades by 20 percent and significantly improves aerodynamic performance.’
“Alcoa has been a solid corporate institution in Hampton for 40 years, and this major investment in new technology will ensure the longevity of its operation for decades to come,” McAuliffe said. “Advanced manufacturing is thriving in Virginia, and expansions like this help to diversify our economy and grow jobs of the 21st century. This project is a great testament to Alcoa’s commitment to Virginia, and the advantages of the Commonwealth’s top-rate business environment that helps valued global companies succeed.”
“Alcoa is a major employer in Hampton, and this tremendous expansion will add at least 75 new jobs paying well above the prevailing average annual wage,” Maurice Jones, Virginia Secretary of Commerce and Trade added. “The company has maintained its operation in Hampton for 40 years, despite economic changes over the decades, and we are proud to boast this significant corporate partner to the Commonwealth on our roster.”
Alcoa serve the aerospace, defense, energy and industrial markets and employs about 8,500 in the Power and Propulsion Unit and 60,000 worldwide.
“We are deploying a state-of-the-art technology that will significantly improve the performance of some of the best-selling jet engines in the world,” Alcoa Chairman and CEO Klaus Kleinfeld said. “This technology and investment further demonstrate how Alcoa is executing on our strategy to aggressively capture demand in the fast-growing aerospace market.”