Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
Boeing to end C-17 military aircraft program in 2015
by Staff Writers
New York City (AFP) Sept 18, 2013


Boeing announced Wednesday it would end production of its C-17 military transport aircraft in 2015, citing a difficult environment amid government spending cuts.

Boeing said it would close the C-17 final assembly plant in Long Beach, California in 2015, after completing the 22 aircraft remaining to be built.

Nearly 3,000 employees will lose their jobs, including those at the Long Beach plant and in three other states: Arizona, Georgia and Missouri.

The workforce reductions will begin in early 2014 and continue through the shutdown, the Chicago-based company said in a statement.

"Ending C-17 production was a very difficult but necessary decision," said Dennis Muilenburg, president and chief executive of Boeing Defense, Space & Security.

"Our customers around the world face very tough budget environments. While the desire for the C-17's capabilities is high, budgets cannot support additional purchases in the timing required to keep the production line open," he said.

Muilenburg noted that severe US government spending cuts, known as sequestration, had created significant planning difficulties for Boeing's customers and the entire aerospace industry.

"Such uncertainty forces difficult decisions like this C-17 line closure," he added.

The end of the Boeing airlifter program was expected to have a ripple effect on jobs throughout most of the country, a further blow to the lackluster economy where the unemployment rate is 7.3 percent and job growth is weak.

Boeing said the C-17 industrial team includes more than 650 suppliers in 44 states and, including Boeing, supports 20,000 jobs.

The C-17's main rival is the A400M, made by European aircraft maker Airbus.

Boeing said it planned to take a charge of less than $100 million in the current quarter for the closure, but noted the decision would not affect its financial forecast for the year.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
F-35: Lifting The UK's Economy
London, UK (SPX) Sep 17, 2013
Thirteen British companies and the U.K. Minister of Defence Equipment, Support and Technology participated in a Lockheed Martin Industry Recognition Event during the DSEI tradeshow today. Over the next 40 years, British industry will continue to play a vital role in the F-35's global production, follow-on development and sustainment, bringing strong economic benefits to the kingdom. ... read more


AEROSPACE
Yahoo Japan develops 3D search engine-printer

GPS 3 And OCX Satellite Launch and Early Orbit Operations Successfully Demonstrated

'Terminator' polymer that regenerates itself

Northrop Grumman Delivers AEHF Flight 4 Antenna Precision Pointing Unit

AEROSPACE
Atlas 5 Lofts 3rd AEHF Military Comms Satellites

Unified Military Intelligence Picture Helping to Dispel the Fog of War

New Military Communications Satellite Built By Lockheed Martin Launches

US Navy Poised to Launch Lockheed Martin-Built Secure Communications Satellite for Mobile Users

AEROSPACE
Russia launches three communication satellites

Arianespace remains the global launch services leader

Russian space official denies report of problem in Soyuz return

Lockheed Martin Atlas V To Launch Morelos-3 ComSat

AEROSPACE
Raytheon UK receives first order for its latest GPS Anti-Jam prototype

Next Boeing GPS IIF Satellite Arrives at Cape Canaveral for Launch

USAF Institute of Technology signs Agreement on new GPS technology development with Locata

Raytheon GPS Launch and Checkout capability receives Interim Authorization to Test

AEROSPACE
Boeing to end C-17 military aircraft program in 2015

NASA Celebrates National Aerospace Week

Dutch to buy JSF fighter jets in 4.5-bn-euro deal

Raytheon moves forward on DARPA Persistent Close Air Support program

AEROSPACE
Toward a truly white organic LED

New magnetic semiconductor material holds promise for 'spintronics'

Growing thin films of germanium

Shining a little light changes metal into semiconductor

AEROSPACE
Astrium to provide new satellite imagery for Google Maps and Google Earth

New insights solve 300-year-old problem: The dynamics of the Earth's core

Astrium Services targeting geo information business growth

Using digital SLRs to measure the height of Northern Lights

AEROSPACE
Throw away replaces take away for Danish restaurant

Costa Concordia salvage operation to go ahead

Mongolia environmentalists held after shot at parliament: reports

China vows air pollution cuts in major cities




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement