Airbus Will Build Alabama Plant

Stephen Pope

Tuesday, July 03, 2012 at 06:43 PM ET

Verified

** A JetBlue Airbus A320 landed in Mobile in
celebration of Airbus's Alabama plant
announcement.**

Key Takeaways:

Airbus is establishing its first U.S. factory in Mobile, Alabama, with an investment of $600 million.
The plant aims to enhance Airbus's competitiveness against Boeing, reduce costs, and improve its chances for U.S. military contracts.
Set to open in 2015 and employ 1,000 people, the factory will build A320 single-aisle airliners primarily for the large North American market.

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European aerospace giant Airbus will build its first U.S. factory in a move aimed at making the company more competitive against archrival Boeing.

The new plant in Mobile, Alabama – due to open in 2015 – will employ 1,000 people when it reaches full production capacity. Airbus said it hopes the factory will lower costs and also improve its chances of winning U.S. military contracts.