Gulfstream Aerospace plans to expand its Savannah, Ga., facilities in a $500 million project spanning seven years, the company said.
The growth is expected to mean 1,000 additional jobs, including production specialists, engineers and support technicians. Gulfstream currently employs 5,500.
“With our sales trends and market forecasts suggesting an upturn over the next decade, we want to ensure Gulfstream is well-positioned to meet the demand in terms of products and services,” Gulfstream president Joe Lombardo said in a statement.
Gulfstream is beginning to see signs of a modest recovery.
“In the third quarter, we booked more orders than we had in any quarter since the downturn began in mid-2008,” Lombardo said.
Gulfstream plans to build facilities at the northwest quadrant of the Savannah/Hilton Head International Airport, renovate existing facilities on the main campus off Gulfstream Road and expand office and lab facilities at the Gulfstream Research Development Center.