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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

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Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
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Boeing Opens $1 Billion Factory to Make Wings for New 777X Jetliner

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May 20, 2016, 11:20 AM ET
787 Factory Photos - Everett WA Oct. 2012
The Boeing 787 factory in Everett, Washington.Courtesy of Boeing

Boeing opened a $1 billion factory in Washington state on Friday that will make carbon-composite wings for its newest jetliner, the 777X, a key step toward delivering the first aircraft by 2020.

The building, adjacent to Boeing’s wide-body aircraft plant in Everett, Washington, covers 27 acres (11 hectares) putting under one roof the equivalent of 25 football fields, Boeing said.

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It will house three large autoclaves, or pressurized ovens, for curing the jet’s carbon-composite wings, which replace the conventional aluminum construction process used for the current 777.

The autoclaves are 120 feet (37 meters) long and 28 feet (9 meters) in diameter and weigh more than one million pounds (453,600 kg) each, large enough to hold two 737 fuselages, Boeing said.

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Boeing broke ground for the plant in August 2014, saying at the time it expected to occupy the plant this year. As many as 1,700 contractors were employed on the project at its peak, Boeing said.

The company did not say how many people will work at the plant.

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