ST Engineering's Aerospace arm to establish MRO facility at Pensacola International Airport

ST Engineering released that VT Mobile Aerospace Engineering (VT MAE) and the City of Pensacola have signed an agreement to set up an aircraft maintenance, repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola, Florida. This follows the signing of the Memorandum of Understanding in December 2013. Under the agreement, the City of Pensacola will construct an aircraft hangar complex on 18.66 acres of greenfield land, and lease it to VT MAE for 30 years. The hangar will be able to accommodate two wide-body aircraft, and is expected to be ready for operations in mid 2016.