Flickr user elentir
Aeronautics giant Gulfstream today announced a $500 million, 1,000-job expansion over at its Savannah facility.
While not in Beaufort, an investment of this magnitude so close to our region only can serve to help our community through the potential employment of Beaufort County residents along with how it further bolsters the aeronautics sector's presence along the U.S. 17 corridor from North Charleston to Savannah.
Reports are the Gulfstream expansion will be phased in over seven years.
WSAV is your best bet for local coverage of the announcement. They have a story up here and I'm sure we'll see video later.
For a bit more of a market analysis you can check out Bloomberg's coverage.