15 Nov '16, 8pm

Boeing to Consolidate Defense Sites, Cutting 500 Jobs

WASHINGTON — Boeing plans to consolidate its defense and space business by 2020, a move that entails closing several sites and eliminating 500 jobs over the four-year period, the company said Tuesday. The aerospace firm put a positive spin on the announcement, citing job growth for facilities in St. Louis, Los Angeles County and Huntsville, Alabama. However, Boeing will shutter its plants in El Paso, Texas, and Newington, Virginia. “In order to push ourselves farther and win more business, we need to make the most of our resources and talent,” Leanne Caret, president and CEO of Boeing’s defense, space and security business, said in a statement. “These steps will help us be a stronger partner for our customers worldwide.” Boeing plans to shed about 4.5 million square feet of excess infrastructure during the four-year consolidation process, it said in a news release. About 1...

Full article: http://www.defensenews.com/articles/boeing-to-consolidate...

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