By Frank Prenesti
Date: Wednesday 20 Oct 2021
LONDON (ShareCast) - (Sharecast News) - Aerospace giant Boeing on Friday said it was investing $200m to start making the US Navy's latest unmanned aircraft.
Boeing is building a new factory at MidAmerica St. Louis Airport where it will produce the MQ-25 Stingray, the Navy's first carrier-based unmanned aircraft in a project that will create an initial 150 jobs.
The company and the Navy have for two years been flight testing the Stingray from MidAmerica Airport, where it has refuelled an F/A-18 Super Hornet, an E-2D Hawkeye and an F-35C Lightning II.
The US Navy intends to procure more than 70 MQ-25 aircraft to help extend the range of the carrier air wing, and the majority of those will be built in the new facility, Boeing said in a statement.
Boeing is currently producing the first seven MQ-25 aircraft, plus two ground test articles, at its St. Louis facilities, and they will be transported to MidAmerica for flight test. The MQ-25 program office, including its core engineering team, will remain based in St. Louis.
Email this article to a friend
or share it with one of these popular networks:
Currency | US Dollars |
Share Price | $ 149.31 |
Change Today | $ -4.98 |
% Change | -3.23 % |
52 Week High | $264.27 |
52 Week Low | $146.62 |
Volume | 29,388,204 |
Shares Issued | 1,012.26m |
Market Cap | $151,141m |
RiskGrade | 190 |
Strong Buy | 10 |
Buy | 7 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 1 |
Total | 28 |
Time | Volume / Share Price |
15:59 | 159 @ $149.38 |
15:59 | 100 @ $149.37 |
15:59 | 100 @ $149.37 |
15:59 | 100 @ $149.37 |
15:59 | 100 @ $149.37 |
You are here: research