Victorian manufacturing has received a positive boost with US aviation leaders Boeing announcing a A$70 million injection into its Melbourne-based factory.
Since the early 2000s, Boeing has invested over A$300 million into its Australian factory, based in Fisherman's Bend in Port Melbourne (5 km south-west of the Melbourne city centre). This facility is the company's largest R&D site outside of the United States. The investment is a key part of Boeing's plans to step up production of the Dreamliner 787 and other planes .
Boeing is the world's largest aerospace company is a leading manufacturer of commercial jetliners, defence, space and security systems. Headquartered in Chicago, it employs over 165,000 people in more than 65 countries around the world, including almost 1,200 employees at its Melbourne facility.
The investment is a boost for Victoria's substantial aerospace and advanced manufacturing industries. Victoria is a global centre of excellence in the global aviation and aerospace industry, with expertise in all areas of the industry from research and development through to final manufacture and production. The aviation and aerospace industry consists of over 150 companies and employs more than 17,000 people across Victoria.