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Boeing Buys New Building in Salt Lake County, Utah

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Boeing (NYSE: BA) today announced the purchase of a new building in Salt Lake County, Utah. Employees at the new site, located in West Jordan, will focus on fabrication of composite horizontal stabilizer components for the 787-9.

"The site we've chosen is an ideal location to add composite manufacturing capability focused on Boeing's key business strategies," said Ross R. Bogue, vice president and general manager of Boeing Fabrication. "This new facility will provide a real competitive advantage in our supply chain by expanding our internal composite capabilities."

The new site, located 20 miles from Boeing's fabrication and assembly site in Salt Lake City, was purchased from Masco (NYSE: MAS). Terms of the sale were not disclosed. The close proximity of the two facilities will help improve the efficiency from component fabrication to assembly of the 787-9 horizontal stabilizer.

The composite component fabrication facility is expected to create approximately 100 new jobs. "Hiring will begin immediately," said Craig Trewet, director of Boeing Salt Lake. "We'll begin by hiring project managers and engineers and will then be filling production positions over the next several quarters."  

Boeing expects to refurbish the 850,000 square foot building to complement the company's current operations in Salt Lake County. Sitts & Hill will design the space inside the building's factory area. Design and construction are expected to take two years.

When finalized, the facility will provide the Boeing Salt Lake team with the flexibility to meet the demands of the highly competitive markets that Boeing serves. This further demonstrates Boeing's commitment to the state of Utah and to the company's current and future workforce.

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