Executive Briefings

Boeing to Open First European Factory, to Invest 20M Pounds

Boeing Co. said it would invest 20m pounds ($24.98m) to open its first production facility in Europe to make components for certain aircraft.

The 25,000 square feet facility in Sheffield, U.K. will make actuators for Boeing's next-generation 737, 737 MAX and 777 aircraft, the company said.

Actuation systems extend and retract wing flaps during different phases of flight.

Boeing said the Sheffield factory will work closely with its Portland, Oregon plant which makes machine parts, gear systems and flight controls.

The investment in U.K. is part of Boeing's strategy to start in-house manufacturing of key actuation components and systems in the United States and U.K. to reduce cost in its supply chain, the company said.

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The 25,000 square feet facility in Sheffield, U.K. will make actuators for Boeing's next-generation 737, 737 MAX and 777 aircraft, the company said.

Actuation systems extend and retract wing flaps during different phases of flight.

Boeing said the Sheffield factory will work closely with its Portland, Oregon plant which makes machine parts, gear systems and flight controls.

The investment in U.K. is part of Boeing's strategy to start in-house manufacturing of key actuation components and systems in the United States and U.K. to reduce cost in its supply chain, the company said.

Read Full Article