ICON Aircraft to Bring Hundreds of Advanced Manufacturing Jobs to Vacaville, California

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May 14, 2014, 04:00 ET

LOS ANGELES, May 14, 2014 /PRNewswire/ -- ICON Aircraft has announced that it will relocate to the City of Vacaville in Northern California, located approximately fifty miles northeast of San Francisco. Beginning in the first quarter of 2015, the company will begin operating in a 140,000-square-foot facility adjacent to the Vacaville airport, also known as the Nut Tree Airport. ICON intends to consolidate aircraft manufacturing, sales, training, service, and corporate headquarters at the new location. The move follows an extensive nationwide search for a site that would enable ICON to co-locate all divisions. The move stands to create hundreds, and eventually thousands, of advanced manufacturing-related jobs, while providing economic impact on the region that has been independently estimated to exceed $350 million.

ICON Aircraft Production Facility in Vacaville, California (PRNewsFoto/ICON Aircraft)

"The selection of Vacaville as ICON's new home is a major milestone for the company and a significant economic win for the residents of the region," said ICON CEO and Founder Kirk Hawkins. "The move will play a major role in achieving our goal to not only deliver the best consumer Light Sport Aircraft in the world, but also a comprehensive flight training and operating experience that our customers and employees will absolutely love. The site we have chosen has a rare combination of key elements that makes it an ideal fit for ICON at this next stage of growth. The decision to stay in California and relocate to Vacaville, located in Solano County, would not have happened without the proactive, tireless effort of the airport officials, City of Vacaville, Solano County, and the Governor's GO-Biz office over the last several years. This has been an impressive demonstration of local, regional, and state cooperation that ultimately made it possible for ICON to remain in California."

"To say we're pleased with ICON's selection of Vacaville would be an understatement," said Vacaville Mayor Steve Hardy. "We have much to offer ICON, as well as other businesses, and this seems like such a natural fit to us. We look forward to a long, mutually beneficial relationship with this world-class operation."

Supervisor John Vasquez added, "ICON will be the needed catalyst to ensure the long-term success of the Nut Tree Airport. Solano County, the City of Vacaville, as well as the North Bay region will benefit from this project. I am thrilled ICON is coming."

ICON chose the site in Vacaville because of the business-friendly local government, accessibility to a vibrant, talented labor pool, existing facilities adjacent to the airport, and outstanding weather and local conditions for year-round flight operations and training. The site also allows easy access to compelling recreation destinations, including the San Francisco Bay Area, Wine Country, and Sacramento for visiting customers as well as employees. Finally, the San Francisco Bay Area represents a strong cultural fit: ICON was founded in Silicon Valley, and the company culture draws heavily on the entrepreneurial drive embodied by the area.

ICON's move also stands to have a significant positive economic impact on the region, according to an independent study. The study concluded that the move would directly and indirectly create hundreds, and eventually thousands, of jobs in advanced manufacturing as well as many other disciplines. The annual economic impact on Vacaville and Solano County is estimated to exceed $350 million through wages paid, local purchases made by ICON, and increases in employee and visitor spending, as well as sales and property tax revenues to the city and county once the company is at full production rates.

ICON will continue to manufacture production aircraft at its existing facility in Southern California before transitioning to the facility in Vacaville. The first customer aircraft is scheduled to be completed in early 2015.

For more information, visit www.iconaircraft.com.

For information on careers in Vacaville, visit www.iconaircraft.com/vacavillejobs.

ABOUT ICON AIRCRAFT:
ICON Aircraft is a consumer sport plane manufacturer founded in response to the new sport flying category created by the Federal Aviation Administration (FAA) in 2004. ICON's first plane is the A5, an amphibious sport aircraft that fuses outstanding aeronautical engineering with world-class product design. It has won some of the world's most prestigious design awards and has inspired a global following. The company has received more than 1050 order deposits and has started manufacturing components of the first production aircraft. ICON Aircraft's facilities are in Southern California, a hotbed for automotive design and aerospace engineering.

ABOUT FAA LIGHT SPORT AIRCRAFT & SPORT PILOT CLASSIFICATIONS:
In 2004, the Federal Aviation Administration (FAA) created a new classification of easy-to-fly and affordable two-person airplanes called Light Sport Aircraft. These airplanes enable a new classification of Sport Pilots to fly in lower altitude, uncongested airspace, during the daytime, and in good weather. The Sport Pilot License focuses on the fundamentals of flying and requires a minimum of 20 hours of in-flight training, undercutting the time and cost of a traditional Private Pilot License by about 50%. The Experimental Aircraft Association (EAA) has described the new rules as "the biggest change in aviation in 50 years."

Photo - http://photos.prnewswire.com/prnh/20140514/87590

SOURCE ICON Aircraft