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Project(s): View 10 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
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Researched by Industrial Info Resources (Sugar Land, Texas)--Aircraft have come a long way since the Wright Brothers' first 12-second flight in 1903, and today, airplanes and jets for both military and commercial purposes dominate the skies. Industrial Info is tracking more than $6 billion worth of U.S. projects involving the manufacture and repair of aircraft and their parts.
With an entire country's defense budget to draw upon, the highest-value U.S. projects involve projects for military aircraft from two of the nation's top aircraft producers, Lockheed Martin Corporation (NYSE:LMT) (Bethesda, Maryland) and The Boeing Company (NYSE:BA) (Arlington, Virginia). Both companies are expanding existing production facilities to accommodate the manufacture of the next generation of military aircraft.
Lockheed Martin is installing a new classified production line at its plant in Marietta, Georgia, which is expected to be completed this summer. Boeing is underway with an even larger overhaul of its facility in Berkeley, Missouri. Two sections of the site warrant different activity. Buildings on a parcel of land south of the existing facility are being demolished to make way for a new 880,000-square-foot manufacturing plant. On a parcel of land to the northwest, Boeing is constructing a new hangar, radar-testing facility and 90,000 square feet of auxiliary buildings, including aircraft shelters, a fuel calibration building and a fire house. Construction on Boeing's projects began quite recently and is expected to be completed in 2026, with further development set to begin the following year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the project reports on the Lockheed Martin and Boeing projects.
One of the largest projects involving commercial aircraft is underway in Greensboro, North Carolina. Boom Supersonic (Dove Valley, Colorado) develops supersonic jets and is establishing a manufacturing center in Greensboro for its flagship Overture model. The Overture jet has a cruise speed of Mach 1.7 and a passenger capacity of between 64 and 80 people. According to the company's website, Boom Supersonic has made sales agreements with American Airlines (NASDAQ:AAL) (Fort Worth, Texas) and United Airlines (NASDAQ:UAL) (Chicago, Illinois). The first phase of construction will provide approximately 150,000 square feet of production space accompanied by 24,000 square feet of office space. Phase I is expected to be completed this summer, after which the company could launch a second phase of construction, adding another 200,000 square feet and expected to take a little more than a year to complete. Subscribers can learn more by viewing the project reports on Phase I and Phase II.
Electric vehicles have had a huge impact on the automotive market, and electric technology is advancing into aircraft design. On the cutting edge of this scene is Beta Technologies (South Burlington, Vermont), which is underway with construction of Phase I of an electric aircraft assembly facility in South Burlington. Beta's aircraft have the capability to take off and land vertically and can hold up to five people and a pilot. The first phase of construction will establish more than 130,000 square feet of manufacturing space as well as office and storage areas. A second phase of construction would add another 180,000 square feet and allow the company to produce 250 to 400 electric aircraft per year when completed in mid-2025. Subscribers can learn more by viewing the project reports on Phase I and Phase II.
Archer Aviation Incorporated (San Jose, California) is underway with the first phase of a production facility for a similar electric aircraft in Covington, Georgia. The company's Midnight model is designed to conduct rapid back-to-back flights of 10 to 50 miles at speeds of up to 150 miles an hour, with minimal charge time in between. Construction of an initial production building is set to be completed this fall to manufacture up to 650 of the aircraft per year. Archer already is planning an expansion of the plant, should demand warrant it, which would more than double the facility's square footage and allow for production of up to 2,300 aircraft per year. Subscribers can learn more by viewing the project reports.
In addition to projects involving the manufacture of aircraft, Industrial Info also is tracking several projects for their repair, maintenance and overhaul (MRO). Boeing, for example, later this year will see the completion of a grassroot MRO plant at the Cecil Airport in Jacksonville, Florida. The 365,000-square-foot facility will be used for maintenance of military aircraft. On the commercial side, United Parcel Service Incorporated (NYSE:UPS) (UPS) (Atlanta, Georgia) plans this year to start Phase II construction of an MRO facility at the Louisville Muhammad Ali International Airport in Louisville, Kentucky. This fall, construction of a new 112,000-square-foot single-bay hangar is expected to begin in order to accommodate additional line maintenance on UPS' fleet. The new construction will add to the company's presence at the airport, which due to its activity, is the second-busiest cargo airport in the U.S., according to news media. The new hangar is expected to be completed next summer. Subscribers can learn more by viewing the project reports on the Boeing and UPS projects.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
With an entire country's defense budget to draw upon, the highest-value U.S. projects involve projects for military aircraft from two of the nation's top aircraft producers, Lockheed Martin Corporation (NYSE:LMT) (Bethesda, Maryland) and The Boeing Company (NYSE:BA) (Arlington, Virginia). Both companies are expanding existing production facilities to accommodate the manufacture of the next generation of military aircraft.
Lockheed Martin is installing a new classified production line at its plant in Marietta, Georgia, which is expected to be completed this summer. Boeing is underway with an even larger overhaul of its facility in Berkeley, Missouri. Two sections of the site warrant different activity. Buildings on a parcel of land south of the existing facility are being demolished to make way for a new 880,000-square-foot manufacturing plant. On a parcel of land to the northwest, Boeing is constructing a new hangar, radar-testing facility and 90,000 square feet of auxiliary buildings, including aircraft shelters, a fuel calibration building and a fire house. Construction on Boeing's projects began quite recently and is expected to be completed in 2026, with further development set to begin the following year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the project reports on the Lockheed Martin and Boeing projects.
One of the largest projects involving commercial aircraft is underway in Greensboro, North Carolina. Boom Supersonic (Dove Valley, Colorado) develops supersonic jets and is establishing a manufacturing center in Greensboro for its flagship Overture model. The Overture jet has a cruise speed of Mach 1.7 and a passenger capacity of between 64 and 80 people. According to the company's website, Boom Supersonic has made sales agreements with American Airlines (NASDAQ:AAL) (Fort Worth, Texas) and United Airlines (NASDAQ:UAL) (Chicago, Illinois). The first phase of construction will provide approximately 150,000 square feet of production space accompanied by 24,000 square feet of office space. Phase I is expected to be completed this summer, after which the company could launch a second phase of construction, adding another 200,000 square feet and expected to take a little more than a year to complete. Subscribers can learn more by viewing the project reports on Phase I and Phase II.
Electric vehicles have had a huge impact on the automotive market, and electric technology is advancing into aircraft design. On the cutting edge of this scene is Beta Technologies (South Burlington, Vermont), which is underway with construction of Phase I of an electric aircraft assembly facility in South Burlington. Beta's aircraft have the capability to take off and land vertically and can hold up to five people and a pilot. The first phase of construction will establish more than 130,000 square feet of manufacturing space as well as office and storage areas. A second phase of construction would add another 180,000 square feet and allow the company to produce 250 to 400 electric aircraft per year when completed in mid-2025. Subscribers can learn more by viewing the project reports on Phase I and Phase II.
Archer Aviation Incorporated (San Jose, California) is underway with the first phase of a production facility for a similar electric aircraft in Covington, Georgia. The company's Midnight model is designed to conduct rapid back-to-back flights of 10 to 50 miles at speeds of up to 150 miles an hour, with minimal charge time in between. Construction of an initial production building is set to be completed this fall to manufacture up to 650 of the aircraft per year. Archer already is planning an expansion of the plant, should demand warrant it, which would more than double the facility's square footage and allow for production of up to 2,300 aircraft per year. Subscribers can learn more by viewing the project reports.
In addition to projects involving the manufacture of aircraft, Industrial Info also is tracking several projects for their repair, maintenance and overhaul (MRO). Boeing, for example, later this year will see the completion of a grassroot MRO plant at the Cecil Airport in Jacksonville, Florida. The 365,000-square-foot facility will be used for maintenance of military aircraft. On the commercial side, United Parcel Service Incorporated (NYSE:UPS) (UPS) (Atlanta, Georgia) plans this year to start Phase II construction of an MRO facility at the Louisville Muhammad Ali International Airport in Louisville, Kentucky. This fall, construction of a new 112,000-square-foot single-bay hangar is expected to begin in order to accommodate additional line maintenance on UPS' fleet. The new construction will add to the company's presence at the airport, which due to its activity, is the second-busiest cargo airport in the U.S., according to news media. The new hangar is expected to be completed next summer. Subscribers can learn more by viewing the project reports on the Boeing and UPS projects.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
