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Business/Financial

Boeing Bets On Next-Generation Aircraft Work With Investment In New Phantom Works Facility

By Cal Biesecker

Wednesday, June 26th, 2024

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Boeing Bets On Next-Generation Aircraft Work With Investment In New Phantom Works Facility

ST. LOUIS—With potentially high dollar contracts looming, Boeing [BA] is moving out on a $1.8 billion-plus investment to build a 1.1 million square-foot factory, where it expects to develop and produce combat aircraft under its Phantom Works advanced development and prototyping division, the head of its operations here said on Wednesday. Boeing broke ground last December on the Secure Assembly and Production Facility that will sit within its military aircraft campus here. The Phantom Works building is scheduled to open…

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