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Top News Links: Tuesday, August 22

Airbus achieves a global first with Alabama’s help

With little fanfare, Airbus SE is about to mark an unusual milestone in aviation: simultaneous production of the same aircraft on three continents. The company will hand over the first A320 to roll out of its Mobile assembly plant on Aug. 25, meaning North America will join Europe and Asia in producing the most popular airliner in the world. The Alabama facility opened in 2015 and has thus far produced three dozen of Airbus’s larger A321. – Bloomberg

Boeing to do design work on new ICBM in Alabama

The U.S.’s next-generation intercontinental ballistic missile could be designed in Alabama. Boeing Co., the aerospace company whose roots in Alabama go back more than half a century, announced Monday that the U.S. Air Force has awarded it a $349 million contract for preliminary design work on a replacement for the Minuteman III ICBM. Boeing said the work will be performed in Huntsville, as well as other locations including Ogden, Utah, and Heath, Ohio. – Made In Alabama

Governor continues generosity tour with $10M for Huntsville

Gov. Kay Ivey will announce a $10 million state grant to the U.S. Space & Rocket Center Wednesday to fund a new cyber security camp, AL.Com news partner WHNT reports citing sources. Ivey has a press conference scheduled at 3:10 p.m. at the center. The governor's office said she would make "a major economic development announcement" at the center. – AL.com

Safran USA investing $1M in new Mobile operation

Aerospace company Safran USA plans to open a new manufacturing operation in Mobile that will create 20 new jobs, officials say. The company will produce and install aircraft engine nacelles at the site. The Mobile Airport Authority is preparing 24,500 square feet in an existing facility, and the company is investing about $1 million in equipment. The Safran operation is expected to open in November and to hire 20 employees over the next three years. – AL.com

State gets involved as Walker County bankruptcy looms

Gov. Kay Ivey and her finance director Clinton Carter, U.S. Rep. Robert Aderholt and the head of the Association of County Commissions of Alabama have all agreed to meet and consult with the Walker County Commission on the best way for the county prevent going into bankruptcy. State officials got involved in the wake of the defeat of a 1-cent sales tax last week in a referendum. The county now faces a $1.5 million budget deficit. – Daily Mountain Eagle

State economy continues to grow, 1.3 percent rate now forecast

The University of Alabama Center for Business and Economic Research now forecasts the state’s economy to grow by approximately 1.9 percent in 2017, above the 1.3 percent rate of growth seen in 2016. The forecast was made in CBER’s August report, which also noted that after increasing by only 1.2 percent in fiscal year 2015-2016, state tax revenues are expected to grow by around 3.5 percent in FY2017. – News release

Patriot Equities purchases Homewood office space

Patriot Equities on Monday announced the purchase of 200, 210, & 220 Wildwood Parkway, three class-A office buildings totaling 590,000 square feet located in Homewood. The 45-acre campus occupies the corner of Interstate 65 and Lakeshore Parkway. The purchase price was not disclosed. – News release

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