PORT ANGELES — An Alaska Native-owned corporation has bought the controlling interest in Angeles Composite Technologies Inc.
Angeles Composite, at 1402 Fairchild International Airport Road, manufactures wing-edge components for aircraft ranging in size from business jets to 747s.
The new partnership will open the door to large-scale U.S. defense contracts, inject capital for facilities expansion and could eventually add up to 400 jobs, Angeles Composite Technologies’ chief executive said Wednesday.
“It should be good for the company and employees and good for the community,” said Rick Rauch, Angeles Composite president and chief executive officer.
Rauch, who co-founded the firm with Port Angeles contractor Rick Anderson in 1996, said Koniag Inc., with offices in Anchorage and Kodiak, is certified as a small disadvantaged business, giving it preference for commercial and defense contracts.
The federal government provides tax incentives for companies that conduct business with small disadvantaged businesses, said Rauch.
“It gives us an edge over our overseas competitors, since everything is going overseas,” Rauch said of the Port Angeles manufacturing company. “We should get a lot more work,” both commerce and defense as a result of the small disadvantaged business certification, he said.
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The rest of the story appears in the Thursday Peninsula Daily News.