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Piedmont Aviation Component Services, which provides aircraft maintenance services, plans to expand its operations in Kernersville.

The company will invest $5.8 million and create 120 jobs this year by relocating sister company Limco Airepair from Oklahoma to North Carolina, according to a news release today from Gov. Bev Perdue.

Limco provides repair and maintenance services to the aerospace industry and makes heat-transfer equipment for aircraft manufacturers. Piedmont Aviation, a subsidiary of Limco-Piedmont Inc., has its headquarters on East Mountain Street in Kernersville and another facility on Liberty Street in Winston-Salem.

"The company chose to consolidate operations in North Carolina after careful analysis and review of assistance from local and state resources," said Ehud Netivi, president of Piedmont Aviation Component Services. "The move will help fuel continued growth and ensure a highly efficient operation."

The company will get a $44,000 grant from the One North Carolina Fund.

The new jobs will pay an average of $44,805 a year, not including benefits. For more information about Piedmont Aviation and its employment opportunities, visit www.piedmontaviation.com

Limco-Airepair is currently based in Tulsa, Okla. In a news release, parent Limco-Piedmont Inc. said it ancipates closing the Tulsa operations by the end of June.

The company expects to achieve annual savings of about $500,000 once the relocation is complete.