Aerospace technology company Moog is planning a £15 million move from its current Wolverhampton base to i54 technology park.
The flight controls company, which is currently based in Wobaston Road, has submitted a planning application to South Staffordshire District Council, for a new facility on the technology park nearby, safeguarding 400 jobs in the region.
The application is due to be considered on November 9 and Moog is aiming to complete the relocation by September 2012.
Stuart Mclachlan, director and general manager at Moog, said the move would help with Moog’s plans to establish itself as a global leader.
Mr Mclachlan said: “This is a key strategic move for Moog, providing the opportunity to build a first class facility which will allow us to support and build on our market leading position.”
AWM chief executive Mick Laverty said: “The fact that a high-value company like Moog wants to stay in the region is very welcome news indeed.
“Our aim now is that other companies will follow their lead, recognising the value of moving to the i54 site with its strategic transport links via the M54.”
Advantage West Midlands expects to offer financial support for the move.
Discussions with Moog are ongoing and a further announcement is expected by the end of September.
Moog specialises in motion control products and systems.
Its systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment.
The move is a boost for the i54 development, which was among the flagship schemes for AWM, which is set to be replaced by a local enterprise partnership.