An aerospace company is planning to expand its factory in suburban Indianapolis and add about 40 employees.
L&E Engineering Co. officials say the company will spend $3.7 million to expand its Greenwood factory and buy new equipment for the plant where it makes tubes and brackets for use in airplane, gas turbine and industrial engines.
Plant manager Jeff Derrer told the Daily Journal that its tube manufacturing is increasing to keep up with rising demand from the aerospace industry. The factory now has about 50 workers.
Construction on the expansion is expected to start this summer and finish in mid-2014, with all the new equipment being installed over the next few years.