Italian aerospace company buying Connecticut company, adding jobs

HARTFORD, Conn. (WTNH) – Governor Malloy has announced that an Italian aerospace company, Pietro Rosa TBM, has purchased Farmington based New England Airfoil Products. The governor says the current workforce will stay, and the new owner plans to add about 100 jobs over the next five years.

“Connecticut is continuing to make significant advancements to compete in the highly competitive global aerospace market, and we are excited that Pietro Rosa TBM has chosen Connecticut as its North American expansion location.  This is a forward-thinking company that remains at the forefront of innovative technology,” Governor Malloy said.  “Over the last several years, our state has made strides in strengthening our manufacturing pipeline training programs, which is why we have one of the most highly skilled and trained workforces in this sector.  Today’s announcement is another reason why Connecticut is continuing to position itself as a world-wide leader in the aerospace manufacturing industry.”

The governor’s office says Piertro Rosa TBM, will invest $10 million in the Farmington facility, and the Department of Economic and Community Development will provide a $3 million low-interest loan.

Pietro Rosa TBM calls itself a leading manufacturer of compressor airfoils for gas turbines and complex structural components.

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