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This is Lane Beattie of the Salt Lake Chamber with your Utah Business Report.
ATK Aerospace Structures is a pioneer in the adoption of composites for the aerospace industry and has helped Utah stake its claim as a national composites leader. The Governor's Office of Economic Development and ATK recently announced an additional expansion of their Clearfield-based offices.
A modification to the original incentive from three years ago has been approved and an additional 200 jobs will be added, totaling more than one thousand new jobs in a 20-year period. All of the additional jobs will pay at least 160 percent of Davis County's average annual wage, including benefits.
Over the lifetime of the agreement, ATK will pay approximately 214 million dollars in new state wages for the additional employees and 8 million in new state taxes.
ATK will manufacture and develop composites mainly in Utah and are a lightweight and reliable resource when manufacturing the most advanced aerospace projects in the world. This is Lane Beattie for KSL News Radio.
