More aerospace companies are looking to the U.S. for manufacturing. A new study shows over the last three years, companies have invested $25 billion into projects that once went to factories in China and other markets.
Consulting firm ICF International did the survey, and VP Kevin Michaels says the uptick in investment is "reshoring."
He credits that with more automation in factories, lower energy costs, and rising wage rates in China.
"The U.S. has been a magnet for new aerospace investment," Michaels said. "Boeing is looking at doing more of the aerostructures in its own factories."
Boeing, working to keep costs to a minimum, has cut back on what it outsources to make its new 787 Dreamliner, moving more of the production in-house. Meanwhile, rival Airbus, along with investment from other foreign companies, is opening a production line plant in Alabama, creating 1,000 new jobs.
The first new plane is expected to roll off the line in 2016.
