Kentucky’s aerospace industry is taking flight! According to the U.S. Census Bureau, Kentucky exported $27.6 billion in 2014, an increase of 9% from 2013. Although Kentucky is traditionally known for horses and bourbon, aerospace parts and products were the largest export category in 2014 at $7.7 billion, while other transportation (i.e., motor vehicles, parts, bodies, and trailers) totaled almost $6 billion. Furthermore, Kentucky exported more aerospace and aviation products than every other state in the country, except California and Washington. Clearly, aerospace is Kentucky’s up-and-coming industry.
Three notable aerospace companies in Lexington are Belcan Corporation, Space Tango, and Lockheed Martin. Each has made significant or unique contributions to aerospace and aviation.
Belcan Corporation is a leading engineering services, design center, and technical staffing company for the aerospace industry that opened its Lexington office in 2005. Today, Belcan serves over 600 clients in the automotive, aviation, energy, marine, and medical industries. Belcan’s engineering services include automation design and build, engineering analysis, project management, and software and systems engineering. Last month, the company announced it will be expanding in downtown Lexington with an investment of $1.2 million, creating 100 new engineering jobs and growing by an additional 15,000 square feet in the Vine Center, a necessary increase for Belcan’s expanding customer base.
Lexington is also home to Space Tango, the first business accelerator for space startups. Through a 12-week program, Space Tango gives entrepreneurs the opportunity to access advisors, sales and marketing professionals, investors, experienced mentor expertise, clean room facilities, and test equipment to help innovative businesses create novel applications and successfully access diverse markets.
Lockheed Martin is an international leader in the aerospace and defense industries. As a global security and aerospace company, Lockheed Martin specializes in aeronautics, information systems and global solutions (IS&GS), mission systems and training, and space systems, among others, with facilities and employees worldwide. Lexington’s Lockheed Martin office is a contractor and logistics support services facility, offering repair, maintenance, and modification of equipment, such as helicopters damaged in service. Lockheed Martin is also one of the Bluegrass Region’s major employers with over 1,000 employees.
As with other industries, Lexington is able to provide the aerospace industry with a skilled and well-educated workforce and a central location. However, Lexington and the Bluegrass Region are particularly appealing to the aerospace industry because of the extensive network of colleges, universities, and other educational institutions with aerospace and aviation programs working to develop the region’s workforce. More about educational opportunities for the Bluegrass Region’s developing aerospace workforce next week!