Hello, Guest!
  • Monday, April 29, 2024
"Boeing full logo" by Boeing, Richard Burch Eiber, licensed under CC0

Boeing to Invest $1.8B in St. Louis Business Expansion Plan

Boeing (NYSE: BA) will put $1.8 billion toward real and personal property investments in St. Louis, Missouri, where the company produces aircraft and weapon systems for the defense sector, The St. Louis Business Journal reported Friday.

Under Project Voyager, Boeing plans to construct multiple buildings encompassing 1 million square feet of space in Berkeley and unincorporated St. Louis County near Lambert International Airport.

The company aims to create as many as 500 jobs in the region and support new aerospace programs through the project, according to the report.

If approved, the initiative would generate an estimated $108.4 million in lieu of taxes over a 10-year period.

The report noted that Boeing’s local expansion investment is larger than the headquarters construction project by the National Geospatial-Intelligence Agency.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports