ATK abandons expansion, repays state funds
IUKA — The Mississippi Development Authority says a Minneapolis-based company has canceled plans to add 600 jobs in Tishomingo County, and has repaid $30 million in state incentive payments.
The Northeast Mississippi Daily Journal reported Saturday that Alliant Techsystems Inc. cited the economic downturn and a need to consolidate work on Airbus airplanes.
ATK announced in February 2009 that it would build composite parts for the planaes at its plant in Yellow Creek, near Iuka.
A news release from the development authority says company officials don’t expect the decision to affect the plant’s 160 current workers.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Soybean yield more than doubles in less than a decade
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Plans unveiled for large shooting range on Coast
- Ole Miss launches commitment to be 'climate neutral'
- Yarber could be sworn in today as new Jackson mayor
- Biloxi baseball project still alive but may be held for 2015