The overall non-manufacturing composite grew to 57.1, beating the 55.7 estimate and coming in at its highest level since 2007.
The centre said the expansion would allow for more training and skills development, and provide a dedicated high rate composite manufacturing facility.
Airbus maintains that exchange rates are not the only reason for outsourcing: it is keen to tap into composite-manufacturing expertise wherever it exists.
Part of the investment will be used to install high-volume composite carbon fibre manufacturing equipment.
Dr Cable described the South West as "a real hub for composite and aerospace manufacturing".
Including services and manufacturing, the eurozone PMI composite output index was at 47.3, up from 46.5 in November.
The composite of global manufacturing indices is not good: declines last month in the United States, United Kingdom, the Eurozone, Spain, and China.
The lightest ultrastrong automotive materials, carbon-fiber composites, looked too costly for cars until a Rocky Mountain Institute spinoff commercialized an automated manufacturing process that makes complex composite parts in less than a minute.
The company said it would be focussing on the design and manufacturing processes needed to produce a next generation composite wing, with the emphasis on reducing weight and aerodynamic drag.
The composite purchasing managers' index for the manufacturing and services industries rose to 48.3 in December from 47.0 in November.
China's Shanghai Composite rallied 1.8% after the manufacturing purchasing manager's index rose to 53.3 in April from 53.1 in March.
May PMI manufacturing indices slipped in both Germany and France driving the Eurozone composite reading lower to 54.6 after 54.8 during April.
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Evening things up, the European composite PMI for January beat expectations (47.5 and 48.3 manufacturing and services).
Its closely-watched composite purchasing managers' index (PMI), which tracks both the services and manufacturing sectors, also suggested that Germany's economy slowed to "near stagnation" last month, while France's recorded its biggest contraction for four years.
The composite purchasing-managers' index (PMI), which covers services as well as manufacturing, inched up in June but at 46.4 remained well below the 50 level that separates expansion from contraction.
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