The Overture aircraft will be capable of flying at twice the speed of today’s fastest passenger jets: Overture flights will reduce travel time from New York to London to less than four hours. Overture will be 205 feet long, carry 65 to 88 passengers, have a cruising altitude of 60,000 feet and a range of 4,888 miles. The company plans to have Overture ready to enter service in 2029.

The initial phase of the project at PTI will involve the development of a production hangar fronting the south side of Interstate 73, where Boom will manufacture aircraft. An additional production facility will be added as demand requires.

The North Carolina legislature approved $106.7 million for improvements at PTI to help secure the aerospace manufacturer. These improvements include the construction of the initial building, site work and access roads.

The state has also approved an $87.3 million Jobs Development Investment Grant (JDIG) for the company, which will receive the grant funding only if it meets employment and investment goals set out by the state. Under the terms of the grant, the company will invest $500 million by 2030.

To learn how Boom Supersonic is using additive manufacturing to produce complex parts, click here.