Motherwell firm MB Aerospace is to hire 160 new staff after it signed a new 10-year contract with United Technologies Corporation (UTC), potentially worth $1 billion.
The new contract will see the Logans Road company supply aero-engine components and assemblies across the full range of Pratt & Whitney (PW) engines.
The group, which currently employs 1,600 employees in the USA, UK and Poland, described the new contract as a “milestone opportunity”.
It estimates an additional 160 engineering specialists have been and will be recruited within the next 3-5 years.
CEO Craig Gallagher said: “We are hugely respectful of the trust placed in us by United Technologies and Pratt & Whitney to support their programs.
“MB Aerospace and UTC already possess a strong working relationship across Pratt & Whitney’s installed base programs, and this contract represents a milestone opportunity for our world class teams to support UTC.”