Aerospace fastener manufacturer Morton Manufacturing is moving to Lancaster from the Santa Clarita Valley, bringing 300 jobs to the city and stimulating the Antelope Valley economy while potentially hurting the economic landscape in Santa Clarita.
Morton, founded in 1967, is one of the leading suppliers of nickel-alloy bolts for gas-turbine aircraft as well as certain gas-turbine engines for industrial use worldwide. The company last Thursday announced it will move next year into a new 86,000 building on a 10-acre site at the Lancaster Business Park on the city’s east side. Morton’s 200 workers will relocate to the facility and the company will add 100 new positions after the move.
The added jobs will be for machinists, and in the inspection lab and production, said Morton Chairman and CEO Yolanda Morton.
“This is significant because this will help for not only growth now but for later,” Morton said. “It helps the business with more space to buy more equipment and hire more people.”
Morton is on track to bring in $40 million in sales this year. With the expanded factory the company forecasts going up at least 25 percent to $50 million in revenue although a goal is a 30 percent increase, Morton said.
For more on this story read the June 25 issue of the San Fernando Valley Business Journal.