Boeing opens first European plant, picking UK despite Brexit

Boeing signage is seen on the outside of the Boeing Sheffield factory, the aerospace company's first manufacturing facility in Europe where the opening of the site was celebrated with great pomp in the presence of senior executives of the aircraft manufacturer and British politicians, ahead of Brexit. (AFP)
Updated 25 October 2018
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Boeing opens first European plant, picking UK despite Brexit

SHEFFIELD, UK: The US aerospace giant Boeing opened its first manufacturing plant in Europe on Thursday, giving a boost to Britain’s business credentials ahead of its impending exit from the European Union.
The small facility in the northern English industrial city of Sheffield will employ 52 people and make wing and other parts that will be shipped for assembly to Portland, Oregon.
British officials seized on the symbolism of the £40 million ($50 million, 45 million euros) investment in the plant, which stands near a local university with which Boeing has cooperated for nearly two decades.
“Boeing choosing the heart of South Yorkshire as its first European home is testament to our capabilities, talent pool and strong manufacturing supply chains,” Business Secretary Greg Clark said.
Britain’s withdrawal from the European Union in March sharply slowed the pace of foreign direct investments made in 2017.
Economic growth is also projected to decelerate, regardless of whether London and Brussels reach the terms of an exit deal that could facilitate future trade between the two.
Boeing’s big rival Airbus, which employs more than 6,000 people in Britain, has warned it may be forced to scale back investment if Britain crashes out of the EU with no deal.
The US firm has thousands of staff across Europe, but none in a manufacturing plant.
It already employs more than 2,200 workers in Britain, including at a site in Glasgow, Scotland.


Lockheed Martin targets UAE for new Falcon Air Defense System

Updated 3 min 26 sec ago
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Lockheed Martin targets UAE for new Falcon Air Defense System

  • Falcon was developed in response to the UAE’s request to replace the Hawk Air Defense System
ABU DHABI: Lockheed Martin is hoping the United Arab Emirates would be its first customer for the Falcon Air Defense System, which the defense contractor rolled out at the International Defense Exhibition and Conference (IDEX) on Monday.
The latest missile system is a joint project involving Lockheed Martin, Saab and Diehl Defence, and was developed in response to the UAE’s request to replace the Hawk Air Defense System, a Lockheed executive said.