Fleet Machine Co.

Fleet Machine Co. received a $375,000 equipment loan, enhanced with an export guarantee, from the CARES Act Revolving Loan Fund administered by MassDevelopment. Fleet Machine is an AS9100-certified advanced manufacturing company in Gloucester that specializes in precision machining for the aerospace and defense industries. The company is using proceeds to acquire a new advanced machining cell from Haas Automation Inc. featuring four computer numerical control (CNC) turning and mill/turn centers equipped with multi-axis milling, bar feeders, and other ancillary features that will help meet increasing demand for its products. The company expects to create three full-time jobs and two part-time jobs over the next three years.