'Boeing Begins Construction On New Phantom Works Facility'
Portfolio Pulse from Happy Mohamed
Boeing has started construction on a new Advanced Coatings Center, a secure facility operated by Phantom Works, to house post-assembly phases of future military aircraft production. The facility is part of Phantom Works' multi-billion-dollar Production System of the Future effort and is expected to be operational in 2025.
May 26, 2023 | 2:03 pm
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Boeing's new Advanced Coatings Center is part of its multi-billion-dollar Production System of the Future effort, aiming to modernize and expand its defense business.
The new facility is a significant investment in Boeing's defense business, aiming to modernize and expand its operations. This will likely have a positive impact on the company's stock price in the short term as it demonstrates commitment to growth and innovation in the defense sector.
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