LITTLE ROCK, Ark. (AP) — A company that makes cabinets and upholstery for airplanes announced plans Friday to expand its Arkansas manufacturing operations by moving its plant to Sherwood, which will create 150 new jobs.

Custom Aircraft Cabinets will move from its current plant in North Little Rock into the former National Home Center building in Sherwood. Company officials said the new jobs from the expansion will bring its total workforce to about 290 employees, along with 20 new jobs at its sister company, Reliable Fire Protection.

The company said it plans to invest a total of $5.9 million in the expansion project. The workers will be paid an hourly average wage of $15 to $20, while the workers hired at Reliable Fire Protection will be paid an average hourly wage of $20, the company said.

"This newest expansion affords us the opportunity to not only better serve our existing clientele, but to successfully approach other segments of the aircraft interiors market," owners Paul Reesnes and Mike Gueringer said in a statement released by the Arkansas Economic Development Commission.

The commission said CAC will receive $634,463 from an incentive fund controlled by the governor to go toward building renovations, including upgrades to its electrical and plumbing systems. The company will also receive an income tax credit of 1 percent of payroll for new jobs for five years and sales tax refunds on eligible building materials and machinery associated with the expansion.

In praising the expansion, Gov. Mike Beebe said: "Aerospace has consistently been one of our state’s top exports, and CAC has found its niche for prosperity in this important Arkansas industry."