Published Thursday, 31 January 2013
The announcment was made by the minister on Thursday. (© Presseye)
It comes as part of a £6.57m investment at JW Kane Precision Engineering.
The company, which currently employs 55 staff, manufactures high precision machined components for high profile clients including Bombardier, Thales, and BE Aerospace.
It is aiming to expand its activities by adding 11,000 square feet to its workshop.
Invest Northern Ireland is offering almost £900,000 of support.
Enterprise Minister Arlene Foster said: "In recent years JW Kane has become recognised as one of Northern Ireland's foremost aerospace-focused precision engineering companies.
"This investment marks the next step on its journey to becoming part of the global aerospace supply chain.
"Aerospace is a rapidly growing industry and one that is a priority area for the economy. This project fits with the Northern Ireland Aerospace Strategy, which aims to move local companies up the supply chain by helping them build the capability required to undertake high value-added activities."
The company has welcomed the announcement.
Chairman Jim Kane said: "This is a highly ambitious investment for the company aimed at substantially increasing our turnover and widening our customer base.
"With an improved manufacturing facility and highly trained staff we will be able to target top level aerospace manufacturers and be in a position to meet their exacting demands."
© UTV News