Georgia leads in aerospace

Jordan Sanchez 71hqxe Sfvg Unsplash

In its sixth annual ranking of aerospace manufacturing attractiveness, global consulting firm PwC has moved Georgia up to second place in the U.S. from its No. 3 spot last year. Factors behind the ranking include Hartsfield-Jackson Atlanta International Airport, the world’s busiest; eight regional airports; expanding military bases; and accessibility to the nation’s fastest growing major port, the Port of Savannah.

The state is home to more than 800 aerospace companies, including Lockheed Martin in Marietta, Pratt & Whitney in Columbus and Gulfstream Aerospace in Savannah. These companies find Georgia attractive because of its relatively low costs, a corporate tax rate of 5.7 percent and colleges and universities that spend more than $2 billion each year in research and development (R&D).

A prime example of innovative R&D is the opening last fall of the Center for Model-Based Systems Engineering-enabled Overall Aircraft Design, a collaborative effort between Georgia Tech and European aircraft manufacturer Airbus. With a team of 30 Georgia Tech researchers, doctoral students and Airbus experts, the center will use the latest technology to contribute to the design of next-generation aircraft.

Photo by Jordan Sanchez on Unsplash

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Categories: Blog, Business (Blog)