Aerospace and Defense
The State of Georgia is home to more than 622,000 veterans, a dozen U.S. military bases, and the world’s busiest airport – Hartsfield-Jackson Atlanta International Airport. Georgia Foreign-Trade Zone is proud to support the work of the aerospace and defense industry in our state, which helps to keep Georgians moving and equip servicemen and women with the tools and technology to succeed in their missions.
Castle Metals Aerospace and Pratt & Whitney are able to support the production of aerospace and defense-related products at lower costs thanks to the benefits realized through the U.S. foreign-trade zone program and by working with Georgia Foreign-Trade Zone.
Castle Metals Aerospace distributes and processes alloy, carbon, stainless steel, nickel, aluminum, titanium, cast iron, and red metals to manufacturers across the country, like Pratt & Whitney. These manufacturers rely upon Castle Metals Aerospace as a supplier, and that means the metals they sell be readily available. Using the benefits of the U.S. foreign-trade zone program, the company is able to save money by delaying duties and tariffs on the metals they import for as long as they are warehoused.
Pratt & Whitney, which employs hundreds of Georgians responsible for manufacturing aircraft engines for civilian and military purposes, saves both time and money by using the U.S. foreign-trade zone program. The company enjoys a hard ceiling on Merchandise Processing Fees, can take advantage of direct delivery from port to factory floor, delays any payment of duties or tariffs, and can reduce their manufacturing costs through duty reductions – known as the inverted tariff – which allows the company to potentially pay a lower finished product’s duty rate rather than the rate set for the merchandise used in the manufacturing process.