Aerospace Composites Solutions (ACS), formerly known as Blackhawk Composites, has broken ground on a $16.8 million expansion and relocation to Morgantown, Ky.
The new building will be 150,000 square feet and create 72 new full-time jobs. It will focus on aircraft performance and capabilities.
Due to the growth ACS is expected to have within the next 12 to 18 months, it needs a bigger facility to meet expected demands, officials said.
"This expansion will not only strengthen our presence in the region but also contribute to the growth and development of the local economy," said ACS President Matt Shieman in a news release.
"We are committed to investing in the community and creating high-quality job opportunities," he said.
ACS is a leading provider of comprehensive and advanced composites manufacturing series for the aerospace industry. They also provide research for Original Equipment Manufacturer (OEM) and Department of Defense (DOD) companies.
The company works on design support, prototype creation, manufacturing and certification of composite components.
In June, the Kentucky Economic Development Finance Authority (KEDFA) approved a 15-year incentive agreement with ACS to provide up to $2 million in tax incentives based off the company's investment.
To keep the agreement, ACS must meet the annual targets of crating and maintaining 72 full-time jobs for Kentucky-residents over 15 years and pay an average hourly wage of $30 with benefits.