Honda Aircraft Company Breaks Ground for $100 Million Headquarters in North Carolina

Honda Aircraft Company, Inc. (HACI), has recently took the next major step toward delivering HondaJet to its customers as it recently broke ground for its new 369,000 square foot headquarters and manufacturing facility at Piedmont Triad International (PTI) airport in Greensboro, North Carolina.

"By breaking ground for this new Honda Aircraft facility today, we take the next important step in getting HondaJets into the skies tomorrow," said Michimasa Fujino, president & CEO of Honda Aircraft Company, Inc. "With the warm reception we have received in the Triad, and the great response HondaJet has received from our customers, we are confident of a very bright future here in North Carolina."

According to the company press release, HACI will manage the research, development, sales, marketing and manufacturing of the advanced light jet, HondaJet. The new facility will replace the company's existing 32,000 square foot hangar and office complex at PTI. The HondaJet production facility, measuring approximately 150,000 square feet, is currently in the design phase. HACI plans to begin deliveries of HondaJet to customers in 2010.

Investment for construction of the headquarters and production facility reportedly cost about $100 million including equipment. Total Honda Aircraft Company employment, including all engineering, sales and marketing, manufacturing and support activities, will increase to approximately 350 associates once the manufacturing plant reaches full production.

In addition, the company anticipates that about 90 percent of HondaJet's component parts will be supplied by companies in the U.S. and Canada.

HondaJet is Honda's first-ever commercial aircraft and aims to live up to the company's reputation for dynamic performance together with superior efficiency, delivering class-topping cruise speed and fuel efficiency, greater luggage capacity and a more spacious cabin with seating for up to eight people, compared to other products in the very light jet (VLJ) class.

Honda Motor Co., Ltd.

Honda Aircraft Company, Inc., is a wholly owned subsidiary of Honda Motor Co., Ltd. Founded in Japan in 1948, Honda began operations in the U.S. in 1959 with the establishment of American Honda Motor Co., Inc., Honda's first overseas subsidiary. Honda began U.S. production of motorcycles in 1979 and automobiles in 1982. The company has invested more than $9 billion in its North American operations, with employment of more than 33,000 associates and annual purchases of more than $16 billion in parts and materials from suppliers in North America. Nearly 80 percent of the Honda (also maker of quality auto parts like Honda throttle body spacer) and Acura automobiles purchased by U.S. consumers in 2006 were manufactured by Honda plants in North America.