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, by 2015 to enhance competitiveness against rival Boeing.
The $600 million plant will employ 1,000 people and focus on building A320 single-aisle airliners.
This strategic move aims to lower production costs and improve Airbus's prospects for securing U.S. military contracts, particularly in the large North American A320 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.