LoPresti Signs 15-year Lease at Sebastian Municipal Airport

SEBASTIAN, FL — An aviation company hopes to move in to its new facility here by mid-June and employ as many as 45 people within 18 months, as it builds prototypes for a new airplane known as Fury.

R.J. Siegel, chief operating officer for Vero Beach-based LoPresti Aviation, said the company has seen sales go up in its consumer products division even as the general aviation industry overall has been buffeted by the economic downturn.

Siegel attributes the sales growth to people making improvements to their current planes rather than spending the money buying new ones. The company makes various products to improve the efficiency, or speed, of airplanes as well as other accessories.

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