Boeing

[adaniel]

It shouldn't...OKC ops are strictly defense related...this looks like commercial division layoffs.

But be warned that Boeing likes to have these "reductions in force" from time to time.

[Zorba]

Boeing plans to cut up to 8,000 airplane jobs: sources | Reuters

does this affect OKC?

Not directly. Other stories have talked about some jobs have been previously relocated out of Seattle, and many of those jobs were moved to OKC. The stories out today all focus on Boeing Commercial Aircraft, which doesn't employ any one in OKC. Of course the need to "cut cost" so they can increase the dividend may lead to other job actions in Boeing Defense, but at least so far I haven't heard anything about that.

[GaryOKC6]

Their new facility opens in June and they are bringing in 900 jobs from Seattle and St. Louis. They are having a difficult time finding aerospace employees. There may be an opportunity to move some of the over.

[GaryOKC6]

They are also working on developing new aircraft for the military. This new facility is research and development. For example, the Army, Air force and Navy all use different fighter jets. They are working on a new plane that will replace them all uniformly.

[Zorba]

They are also working on developing new aircraft for the military. This new facility is research and development. For example, the Army, Air force and Navy all use different fighter jets. They are working on a new plane that will replace them all uniformly.

Just to clear some things up, the only new production airplane Boeing is developing for the military is the KC-46, which is mostly being done in Seattle, after they moved all that work from Wichita there. Boeing lost the only new fighter competition in the last 15 years to Lockheed and they just lost the new bomber contract to Northrop. Regardless new airplanes are designed in Seattle or St. Louis. OKC is support, sustainment and modification for fielded large aircraft.

The new building is going to have lab space for various support and sustainment activities, not new aircraft development.

The new fighter you are thinking about is the Joint Strike Fighter (F-35) and is being developed by Lockheed Martin in Ft. Worth, it was awarded to Lockheed in the late 90s. Once it fully goes into production, Boeing's fighters (F-15 and F-18) will no longer be procured by the US military, which will likely lead to mass layoffs in St. Louis, but could potentially benefit OKC as the sustainment work is moved from design groups to sustainment groups.

[adaniel]

Have they broke ground on the KC hangers at Tinker yet? I know the funding for all of this was approved so it should just be a matter of time?

[Plutonic Panda]

http://newsok.com/governor-company-l...rticle/5509740

http://www.news9.com/story/32457915/...ing-lab-in-okc

[Prunesmoothie]

Photo taken yesterday of Boeing's new building on 59th & Air Depot. Entrance is facing west.

[Plutonic Panda]

Boeing OKC campus sells to California investors

OKLAHOMA CITY (KFOR) – In one of the largest commercial real estate transactions in Oklahoma City history, the Boeing Oklahoma City campus was sold for over $124 million today.

Richard Tanenbaum, CEO of Gardner Tanenbaum Holdings (GTH) which owns the campus, sold the property to OKC Aerospace 1, LLC for $124,735,000.

The property, consisting of three office buildings, is located directly west of Tinker Air Force Base.

“GTH has developed more than one million square feet of aerospace real estate in Oklahoma,” said Tanenbaum. “I continue to anticipate a bright horizon for the Oklahoma aerospace industry. Substantial investments from the west coast, such as this transaction, show that the nation is taking notice of the aerospace industry’s dynamic growth in our state.”

After purchasing the 33.25 acres, Tanenbaum invested in developing three buildings specifically for Boeing in 2007, 2011 and 2012. The buildings currently accommodate more than 3,155 Boeing employees and contractors who work with Tinker Air Force Base personnel performing support and modernization programs for U.S. defense aircraft.

- https://kfor.com/2020/01/08/boeing-o...nia-investors/

https://www.tulsaworld.com/business/...0cecdf2f6.html

[shawnw]

hopefully a nice chunk of that 124M will be put into another nice local project here soon

[Pete]

^

A lot will be plowed into Lincoln Plaza.

[shawnw]

Cool. The Tannenbaum's are under appreciated in this city. Nice folks, too, having met the father and son when I was a tenant at the Classen. Not that I've loved all their choices, but they have definitely had a net positive impact in this town.

[Zorba]

Boeing OKC campus sells to California investors



- https://kfor.com/2020/01/08/boeing-o...nia-investors/

https://www.tulsaworld.com/business/...0cecdf2f6.html

The employee count is a little misleading. That is the number of Boeing Employees in OKC total, not just in the three buildings that sold. There are a lot of employees at the newer building on the North side of 59th street and many stationed at Tinker.

Considering any future Boeing growth is likely to be across the street and these building likely wouldn't be that attractive to any other major employers, I am surprised at how much these sold for.

[HangryHippo]

There’s some dirt work ongoing just north of Boeing’s buildings at 59th. Is this a new building or just a parking lot?

[HangryHippo]

There’s some dirt work ongoing just north of Boeing’s buildings at 59th. Is this a new building or just a parking lot?

Per the Oklahoman, this will be a new Boeing bay for work on the B-52.

[gopokes88]

https://www.velocityokc.com/blog/dev...=Boeing7_17_20

"This project and others at Boeing OKC will create openings for more than 300 engineers in 2020. This year, Boeing OKC has hired 190 engineers to date. "

[BoulderSooner]

Per the Oklahoman, this will be a new Boeing bay for work on the B-52.

the b-52 "high bay" will be east of douglas

[HangryHippo]

the b-52 "high bay" will be east of douglas

Thank you for clarifying, Boulder.

Any idea what’s being built on the west side of Air Depot?

[BoulderSooner]

Thank you for clarifying, Boulder.

Any idea what’s being built on the west side of Air Depot?

That is more Boeing office/lab space

[HangryHippo]

Cool. Thanks!

[April in the Plaza]

Heard that Boeing laid off ~400 in OKC

https://kfor.com/business/ap-busines...stic-cuts/amp/

[Will Dearborn]

OKC didn't see that many layoffs...SPEAA also doesn't represent any Oklahoma employees.

Nature of the work statement in OKC helped them avoid the worst.

[bison34]

Heard that Boeing laid off ~400 in OKC

https://kfor.com/business/ap-busines...stic-cuts/amp/

Not from that article, you didn't. That is 400 nationwide, not OKC...

OKC doesn't have any commercial employees, they all work solely on the defense contract side, so like Will said, they will avoid most layoffs. Definitely not having 400 laid off.

[Rover]

Not from that article, you didn't. That is 400 nationwide, not OKC...

OKC doesn't have any commercial employees, they all work solely on the defense contract side, so like Will said, they will avoid most layoffs. Definitely not having 400 laid off.

Military industrial complex likely to grow greatly over the next four years, so OKC and Boeing should be prosperous.

[BoulderSooner]

Military industrial complex likely to grow greatly over the next four years, so OKC and Boeing should be prosperous.

I am not sure that it is going to grow ..... but i think that you will continue to see a reorg to lower cost areas ... (like tinker) and that should be great for the Metro ..