USA based Boeing is set to invest £20Mn ($24.35Mn) in Sheffield, UK for its first European factory. The investment is expected to create 30 new jobs.
The 25,000 sq. feet production facility will make actuators for Boeing which is expected to cut supply chain costs.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. The company also provides leasing and product support services. Boeing was incorporated in Seattle by William Boeing, on July 15, 1916, as “Pacific Aero Products Co”.
The Boeing Company’s corporate headquarters are located in Chicago and the company is led by President and CEO Dennis Muilenburg. Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group.