Rocket motor builder U.S. Astronautics is looking at plant sites in Alabama and giving up on a Mississippi location.
CEO Forrest "Bud" Stacy said the firm was unable to reach an agreeable lease arrangement with Mississippi officials for space in the Tri-State Commerce Park north of Luka.
U.S. Astronautics plans to invest up to $300 million to build a construction facility for the Eagle rocket, which would be used to launch telecommunications satellites. The project could generate 1,000 construction jobs and 450 permanent jobs.
Another company official, Doug Oldham, said the firm is talking with Alabama officials about three sites, one of which could be the Barton Riverfront Industrial Park in Colbert County. He said the other sites are in the Selma-Montgomery area, and on the Alabama-Georgia border.