Lopresti Aviation Seals Deal For New Facility

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While some aviation companies wait anxiously for the economic turnaround, other companies have found ways to benefit, and Lopresti Aviation is one of those. People who don't want to spend the money for a new airplane will spend to improve their current airplanes, chief operating officer Arjay Siegel told TCPalm this week -- and that's good for the company, which sells products that help boost airplane performance. But the company also has been working on a side project, to build Fury airplanes, and now they have found another way the downturn can help them out. The city of Sebastian, Fla., eager to bring in new business, has offered Lopresti a 15-year lease on a hangar at the municipal airport, in the hope that will create 45 jobs in the next 18 months as they ramp up work on the Fury program. The deal has been in the works for a while but now the lease is signed and the company hopes to move in and get to work by mid-June. Development and flight testing of the conforming prototype are first on the agenda. With a 240-hp engine, the Fury will top out at 278 mph and stall at 54 mph and is fully aerobatic.