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Ala. plant steps up its competition with rival Boeing

In the battle to dominate the global aviation industry, European aerospace giant Airbus announced its first assembly plant in the U.S. on Monday, a symbolic and significant step in the competition with archrival Boeing.

The French-based company said the Alabama plant is expected to cost $600 million to build and will employ 1,000 people when it reaches full production, likely to be four planes a month by 2017.

“We are going to create great jobs and generate growth right here,” Airbus CEO Fabrice Bregier said at the convention center in Mobile, where many of the 2,000 people in attendance waved American flags as music played in the background.

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