# GKN Aerospace to build manufacturing facility in Panama City, Florida

GKN Aerospace announced a new manufacturing facility at VentureCrossings Enterprise Center in Panama City, Florida, representing a $55 million capital investment and creating 170 jobs with an average salary of $65,000, expected to open in 2018.

- Type: New facility
- Announced: 2017-05-09
- Where: Panama City, Florida, United States
- Value: $55.0M
- Jobs: 170
- Starts operating: 2018
- Status: announced
- Capacity: 135,000 sq. ft.
- Products: aerospace components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GKN Aerospace](https://endata.com/companies/3849.md)

## Sources

- [ricksblog.biz](https://ricksblog.biz/panama-city-lands-aerospace-manufacturer-170-jobs-65k-avg-salary-55m-capital-investment/), 2017-05-11: "GKN could have gone anywhere in the world, but they chose Bay County."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.