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Air Force

Boeing and Lockheed Martin Look to $3.4 Billion in Local Financing for NGAD

Frank Wolfe

Friday, August 25th, 2023

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Boeing and Lockheed Martin Look to $3.4 Billion in Local Financing for NGAD

Secretary of the Air Force Frank Kendall walks with Gen. Mark Kelly, commander of Air Combat Command, after arriving at Joint Base Langley-Eustis, Va., on Sept. 23, 2022 (U.S. Air Force Photo)

Boeing [BA] and Lockheed Martin [LMT] are looking to $3.4 billion in local financing to aid company expansions for the development of their Next Generation Air Dominance (NGAD) systems. Boeing wants $1.8 billion in bonds for "Operation Voyager" to build 1 million square feet of new assembly, hangar and operations space on 150 acres next to St. Louis Lambert International Airport in Berkeley, Mo. The bond proposal could result in $155 million in tax relief for Boeing over the next…

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