Newspaper article St Louis Post-Dispatch (MO)

LMI Expanding Washington Facility, Adding 60 Jobs

Newspaper article St Louis Post-Dispatch (MO)

LMI Expanding Washington Facility, Adding 60 Jobs

Article excerpt

LMI Aerospace plans to expand its machining facility in Washington, Mo., and add 60 jobs.

The $17.5 million project will increase LMI's 90,000-square-foot facility by an additional 30,000 square feet of space. St. Charles- based LMI plans to spend $3 million in building improvements and the remainder in equipment upgrades over the next three years.

The maker of aircraft parts sees growth opportunities in the commercial aircraft market, particularly in supplying components for the Boeing 737 family of jets, according to LMI's Chief Financial Officer Cliff Stebe.

"We anticipate significant revenue growth in the coming years as aircraft production rates increase and our aerostructures work content grows, driving the need to expand our 5-axis machining capacity at LMI Washington," Stebe said in an email to the Post- Dispatch. …

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