Northstar Aerospace, Inc. Creates 70 Jobs at Three North American Sites
CHICAGO, IL – July 16, 2008 - Northstar Aerospace, Inc. will create approximately 70 new jobs at its Anderson, Indiana, Chicago, Illinois and Windsor, Ontario sites to ramp up production of gears, components and spare parts for the CH-47 Chinook helicopter and Rolls-Royce programs.
The company will add approximately 10 machinists to increase the number of employees to more than 60 employees at its Anderson facility which opened in 2006. The Chicago site will add approximately 40 employees for CNC machining, ID/OD grinding, shaping, hobbing and inspection as well as support staff for its heat treat, plating and assembly departments. The company's Windsor site will add approximately 20 machinists and support staff.
Northstar's backlog is more than $450 million compared to $372 million at the end of 2007. The company has received $114 million of CH-47 orders this year including $60 million announced in June for the production of gears, components and spare parts. CH-47 orders in 2007 totaled $167 million.
"We are focused on transforming our growing backlog into production to meet the needs of our customers. The hiring campaign and investment in state-of- the-art, automated machining centers at our Chicago and Phoenix sites will help us increase production to needed levels," said Glenn Hess, President and Chief Executive Officer.
Northstar Aerospace, Inc. (www.nsaero.com) is North America's leading independent manufacturer of flight critical gears and transmissions. Northstar Aerospace is a public company (TSX:NAS) with operating subsidiaries in the United States and Canada. Its principal products include helicopter gears and transmissions, accessory gearbox assemblies, rotorcraft drive systems and other machined and fabricated parts. It also provides maintenance, repair and overhaul of helicopter engines and transmissions. The Company's executive offices are located in Chicago, Illinois. Its plants are located in Chicago, Illinois; Phoenix, Arizona; Stroud, Oklahoma; Anderson, Indiana; and Milton and Windsor, Ontario.
