STILLWATER, Okla. (AP) - Officials say a Belgian aerospace company will open a plant in Stillwater, creating 250 jobs by 2014.

Gov. Mary Fallin made the announcement Monday as she attends the Farnborough International Air Show in the United Kingdom. ASCO Inc. will build in the former MerCruiser manufacturing facility on Perkins Road in Stillwater.

Officials say the company will initially invest $60 million and employ 250 people by 2014. The second phase of development would bring an additional $30 million to $40 million in capital investment and another 350 jobs by 2015.

ASCO chief executive officer Christian Boas says Oklahoma was the best fit for his company because of its central location and existing aerospace industry.

The company designs and makes aircraft components and assemblies for Airbus, Boeing, Bombardier and Embraer commercial jets.