PORT ANGELES — Angeles Composite Technologies Inc. has been awarded a contract with Bombardier Aerospace that will mean the company adds 50 jobs over the next year.
The contract, which is for the life of the program, is for building wing-to-body assemblies and cabin-air-stair composite panels for the Q400 regional aircraft.
The contract translates to revenue of $190 million over the next 10 years, said Michael Rauch, chief executive officer of ACTI, in a statement.
“This is exciting news for our company, for the city of Port Angeles and for the entire Olympic Peninsula,” Rauch said.
The new contract also will lead to a tripling in the manufacturing space, Rauch said.
That expansion, along with the growth of current contracts, should result in hundreds of jobs, Rauch has said.
Because so much growth is happening so quickly, some parts of the physical expansion may take place outside of Port Angeles, but Rauch said he was not ready to discuss potential plans.
The Port of Port Angeles is preparing a new 25,000-square-foot building to add to the current 75,000 square feet the company now leases.
ACTI has signed a nonbinding agreement to take over the building when it is completed in January.
The 50 jobs created by the Bombardier contract would all be in Port Angeles, Rauch said.
Under the Bombardier contract, ACTI will produce not only the structural detail, but also will fully assemble and equip larger prominent assemblies to be shipped to Bombardier’s assembly line in Belfast, Northern Ireland, and to China, Toronto and Montreal, Rauch said.
“Historically, we have built composite details, but now, this will be taking the details — both composite and metallic — and putting them all together and assembling the larger components,” Rauch said.
ACTI will deliver the first parts in November, with the full-rate production within a year, he said.
“This contract is a major step in fulfilling our strategic plan for growth and proves to the entire aerospace industry that we are ready and willing to support our customers with added-value capabilities,” Rauch said.
“It also features our global presence in the industry, which is a great accomplishment for a small business based in Port Angeles.”
In December, ACTI announced the expansion of its business in Port Angeles.
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Reporter Paige Dickerson can be reached at 360-417-3535 or at paige.dickerson@peninsuladailynews.com.