Fort Worth is not just a city; it’s a dynamic, economic powerhouse, showcasing a robust and diversified economy. This strength stems from its key industry clusters, particularly aerospace, defense, and mobility, which are critical to both the local and national economy.
By Jessica Heer, Executive Vice President | November 18, 2024
Aerospace & Defense: State of the Art
Fort Worth stands out as one of North America’s leading aerospace and defense hubs. The region’s aerospace sector is not just about aircraft manufacturing; it encompasses the production of missiles, drones, and unmanned aircraft. Employment figures in this cluster are impressive—with the six-county Fort Worth region employing more than 23,500 individuals at an average wage of over $100,000. With more than 600 aerospace and defense-related companies, including giants like Bell and Lockheed Martin, the city is at the forefront of innovation and production.
Recent announcements from Brazilian aerospace company, Embraer, for new maintenance, repair and overhaul (MRO) facilities at Perot Field Fort Worth Alliance Airport, and the expansion of GE On Wing Support, Inc. facility near DFW airport, and AVX Aircraft Company’s new AllianceTexas headquarters speak to the growing aerospace and defense sector in Fort Worth. Collectively these projects would add more than $120 million in capital investment and more than 350 jobs to Fort Worth.
Zooming out, Texas ranks second in aerospace establishments and first in defense spending in the United States, surpassing Virginia, underscoring the State and Fort Worth’s pivotal roles in these sectors.
Mobility & Logistics: Let’s Move
Fort Worth is also a major player in the mobility and logistics sector, employing more than 55,000 workers. This sector includes activities related to the movement of people, goods, and data, driving innovation in both ground and air transportation.
DFW International Airport is a significant asset to the area, ranking third worldwide for operations and passengers. It features seven runways, 22 cargo airlines, and 27 passenger airlines, offering direct service to 257 destinations, including 65 international routes. Additionally, Fort Worth Alliance Airport, home to the Mobility Innovation Zone (MIZ), supports both industrial and aviation development, reinforcing the city’s status as a mobility hub.
Major employers in this sector include American Airlines, which is headquartered in Fort Worth and ranked #86 on the Fortune 500 list, and BNSF, one of the largest freight railroad networks in North America. These companies not only provide substantial employment but also drive technological and logistical advancements within the industry.
Why This Matters for Fort Worth Economic Development
The mobility, aerospace, and defense sectors in Fort Worth provide high-paying jobs, stimulate local businesses, and attract significant investment, enhancing the city’s economic resilience and competitiveness. They also foster innovation and technological advancements, positioning Fort Worth as a leader in cutting-edge industries and innovation.
The strong prominence in Fort Worth of these two industry clusters make them strategic target industries for future economic development growth and investment. The Fort Worth EDP plays a vital role in these developments by promoting the region to attract and retain businesses. By working directly with companies, site selection consultants, and corporate real estate professionals, the Fort Worth EDP aims to make Fort Worth the most vibrant and sustainable city on the rise in the United States.
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Jessica Heer is the Executive Vice President of the Fort Worth Economic Development Partnership. The Fort Worth EDP works directly with companies, site selection consultants, and corporate real estate professionals who are interested in moving or expanding to Fort Worth, Tarrant County, and the surrounding areas. If you’d like to learn more about Fort Worth, please schedule a meeting with us or check out our Why Fort Worth page.
