The shop floor at Cobalt Enterprises in Lake Stevens is abuzz with activity as half-million-dollar machine tools turn metal blocks into airplane parts.
The company has expanded at breakneck speed in recent years — consistently growing for several years until 2016, when it doubled in size. The aerospace supplier expects to do about $25 million in sales this year.
With airplane makers cranking up production and military spending on the rise, there is plenty of work for Cobalt and other aerospace suppliers. To win it, suppliers are under intense pressure to keep costs down, quality high and deliveries on time.
Companies across Snohomish County are spending huge sums to add production capacity in recent years. Boeing has spent more than $1 billion to set up 777X production and assembly work at its Everett plant.