An investment of about $139 million by three companies could produce as many as 265 new jobs in Morgan County.

Wolverine Tube, United Launch Alliance and Dynetics made presentations Wednesday to the Decatur Industrial Development Board – outlining their plans for growth in the area.

State Sen. Arthur Orr, R-Decatur, also serves as chair of the Morgan County Economic Development Association.

"Morgan County continues to attract new investment and jobs from both the aerospace and metals sector. We appreciate each company looking to spend their generous capital dollars in Morgan County to create and retain jobs in our community," Orr said in a statement following the meeting.