Altitude Industries Makes $5.3M Capital Equipment Investment to Upgrade Facility

Altitude Industries announced today a $5.3M capital equipment investment strategy to make upgrades to its jet engine parts facility in Terre Haute, Indiana. The investment is aimed at expanding the team’s capabilities, driving productivity improvements, and providing the additional capacity Altitude Industries’ key customers need during this time of unprecedented growth. As part of the equipment upgrade, Altitude Industries will install three Mazak Integrex e1250 V/8 Machines to its production floor, following a tiered scheduled approach, beginning in early 2019. The first machine will become operational in January 2019, with the others to follow in June and September respectively. The plan also calls for upgrades that will expand the facility’s floor space, work cells and capabilities. During an overview of the new equipment investment, Chad Collier, Vice President of Operations, said, “Participation in new customer programs requires investments in facilities, people and equipment in order to execute for our clients without adding cost or delivery disruptions. The addition of the new equipment will position us to better serve our customers with greater capacity and readiness, along with expanded capabilities for machined and fabricated jet engine parts.”

Bruce Breckenridge, Chief Executive Officer for Altitude Industries, added, “We are excited to be able to make this investment in our future. These incredible machines are part of our commitment to being ready, willing and able to be the supply chain partner our customers can count on when it comes to providing the jet engine parts that are so critical to their operations.”Altitude Industries is a Kansas City-based aerospace company that seeks to provide critical machined and fabricated parts to the engine sector of the aerospace and defense industries, specializing in components and assemblies for the hot section of aircraft engines.

Collier mentioned the company plans to make additional technology investments in 2019 as part of its ongoing strategy to reduce capacity constraints and drive productivity that enables them to continue delivering high quality jet engine parts on time for their customers.