SerpApi.Org
CINCINNATI (WKRC) — Beehive Industries plans to invest $70 million to expand its operations in southwest Ohio, creating more than 200 jobs as the company ramps up production of 3D-printed jet engines for military applications.
Gov. Mike DeWine joined company officials, JobsOhio and REDI Cincinnati to announce the expansion Monday at the Farnborough International Airshow in England.
Beehive manufactures advanced jet engines for uncrewed aerial defense systems using additive manufacturing, or 3D printing. The company said the expansion will help accelerate production while strengthening its U.S.-based supply chain.
The announcement follows Beehive's recent acquisition of Able Tool Corporation and Planet Products Corporation in Greater Cincinnati, creating a production machining center aimed at supporting the company's growing manufacturing operations.
Beehive also recently secured a $29.7 million U.S. Air Force contract to advance production of its Frenzy engine family and announced plans to more than double its metal 3D-printing capacity.
State officials said the project is expected to create more than 200 new jobs, with an incentive package that includes a proposed Job Creation Tax Credit expected to be considered by the Ohio Tax Credit Authority.
“Beehive Industries' decision to grow in Southwest Ohio demonstrates once again that our state is the best place in America to do business and the best place to strengthen our national defense,” DeWine said.
REDI Cincinnati President and CEO Kimm Lauterbach said the investment further strengthens the region's aerospace sector, which generates more than $6 billion annually.
