Centennial Airport-based Adam Aircraft is suspending some work as it tries to secure more long-term funding.
Adam Aircraft had not yet notified all of its employees Wednesday, and it was unclear how many employees will be affected.
The aircraft developer said late Wednesday that it plans to announce a company-wide “strategic adjustment” today that includes reducing resources.
The company is transferring some work from its Pueblo location to its Centennial Airport facilities, though some operations such as the machine shop in Pueblo will continue, according to Adam Aircraft spokeswoman Shelly Simi. Some operations in Ogden, Utah, will be suspended through early summer.
“We would encourage employees to apply for future positions that will be coming available once we’re available to get in production,” Simi said. “What we are doing is going to ensure the long-term health of the company.”
Adam Aircraft’s move comes after fellow aircraft developer Aviation Technology Group, also based at Centennial Airport, suspended work on its Javelin jet and let go almost all of its employees as it seeks more funding.
With roughly 600 employees, Adam Aircraft has employed about 80 in Pueblo, roughly 50 in Ogden and the remainder at Centennial Airport.
Kelly Yamanouchi: 303-954-1488 or kyamanouchi@denverpost.com
This article has been corrected in this online archive. Originally, a photo caption gave incorrect information about founder and cormer CEO Rick Adam.
