Piper Aircraft staying in Florida

 - July 7, 2008, 8:06 AM

Piper Aircraft in late May made it official that it is staying put in Vero Beach, Fla. Piper will receive a $32 million incentive package from the state and Indian River County–to be paid out over three years–in exchange for making the commitment to remain and grow in the county. Meanwhile, the PiperJet prototype appears poised to make an on-schedule first flight in the next two months as static testing winds down on the airplane. Piper v-p of engineering John Becker told AIN that the airplane’s Williams FJ44-3AP engine, as well as its electrical, avionics and fuel systems, will be installed before power-on, engine and ground runs begin this month.