CONSTRUCTIONAWARDED

ECP Press Release Historic Economic Development Project December 2024

IAG Aero Group to Build $107M Aviation Facilities at ECP

$107 million (including $25 million Triumph Gulf Coast grant)Northwest Florida Beaches International Airport AuthorityIAG AERO GROUPDecember 11, 2024

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Description

Northwest Florida Beaches International Airport, Bay EDA, and Florida’s Great Northwest approved IAG Aero Group to construct and operate new aviation facilities including a 120,000-sf MRO, 40,000-sf engine test cell, and additional warehouse. The project totals $107 million and completion is anticipated by 2026.

Contract Details

Contract Amount

$107 million (including $25 million Triumph Gulf Coast grant)

Vendor

IAG AERO GROUP

Agency

Northwest Florida Beaches International Airport Authority, FL

Contract Type

CONSTRUCTION

Document Date

December 11, 2024

Contract Term

Construction complete by 2026; multi-year project

Renewal Date

2026-12-31

Renewal Info

Not specified; construction completion expected in 2026 initiates operational phase.

Related Contracts

Panama City-Bay County Airport and Industrial District Agenda Board Meeting 2026-06-24

PENDING

Northwest Florida Beaches International Airport Authority (Florida)June 24, 2026

Panama City-Bay County Airport and Industrial District Meeting Minutes March 2026

PENDING

Bay County Airport Authority (FL) (Florida)March 25, 2026

Issuing Agency

Northwest Florida Beaches International Airport Authority

Airport Authority

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Vendor