NEW BRITAIN-Manufacturers in the state have increased their sales and workforces since 2012, according to a new report from the Aerospace Components Manufacturers (ACM).
ACM’s annual survey found that its members have increased their sales by 29 percent and their workforces by 54 percent since 2012.
The companies are also projecting their sales to increase more than 14 percent to almost $2.9 million and their workforce by 8.7 percent to more than 9,500 in 2018.
“This is a great time for manufacturing and a great time for aerospace,” Max McIntyre, ACM President and Vice President of Operations at New England Airfoil Products in Farmington, said.
He added that New England Airfoil Products have been on a hiring spree.
ACM is made up of 115 small and mid-sized companies in Connecticut and southwestern Massachusetts, what they refer to as Aerospace Alley. 74 of the 115 members responded to the survey.
Members in central Connecticut include Yarde Metals of Southington, Richard’s Machine Tool Co. of Newington, Precision Threaded Products of Bristol, Polamer Precision of New Britain, PCX Aerostructures of Newington, Metal Finishing Technologies of Bristol, Lynn Welding of Newington, GKN Aerospace of Newington, E/M Coating Services of New Britain, CV Tool Company of Southington, CT Tool & Manufacturing of Plainville, Cambridge Specialty Co. of Berlin, Budney Industries of Berlin, BodyCote Thermal Processing of Berlin, BMS Aerospace of Southington, Bauer Inc. of Bristol, Armoloy of Connecticut Inc. of Bristol , AcuCut of Southington and A-1 Machining Company of New Britain.
ACM manufacturers’ perform critical roles in the supply chains of many original-equipment manufacturers. Some of their largest clients include Rolls-Royce and GE Aviation.
Last year, Chester-based AeroCision was Rolls-Royce’s 2017 Aerospace Supplier of the Year. Projected sales to Rolls-Royce and GE Aviation are expected to increase by 20 percent in 2018.
For more information visit aerospacecomponents.org