US awarding $482.3m in aviation manufacturing assistance
The US DoT said it was offering $482.3m in aviation manufacturing assistance to 313 businesses, including up to $75.5m to Spirit AeroSystems. Congress earlier this year created a $3b aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as long as six months. Ohio-based Parker-Hannifin Corp was offered up to $39.7m, Connecticut-based Hexcel Corp offered $20.9m and Astronics Corp $14.7m. Of the 313 companies receiving funds, 188 of them - 60% - had fewer than 100 employees at the end of calendar year 2020. The funds will help support as many as 22,500 jobs nationwide.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-09-14/general/us-awarding-482-3m-in-aviation-manufacturing-assistance
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US awarding $482.3m in aviation manufacturing assistance
The US DoT said it was offering $482.3m in aviation manufacturing assistance to 313 businesses, including up to $75.5m to Spirit AeroSystems. Congress earlier this year created a $3b aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as long as six months. Ohio-based Parker-Hannifin Corp was offered up to $39.7m, Connecticut-based Hexcel Corp offered $20.9m and Astronics Corp $14.7m. Of the 313 companies receiving funds, 188 of them - 60% - had fewer than 100 employees at the end of calendar year 2020. The funds will help support as many as 22,500 jobs nationwide.<br/>
