|
Boeing to start winding down C-17 program-WSJ
Boeing Co. (BA.N: Quote, Profile, Research) plans to start winding down its C-17 cargo plane program soon after failing to secure pledges for new orders from the Pentagon, the Wall Street Journal Reported on Thursday, citing people familiar with the matter.The company was also unwilling to extend financial guarantees to its suppliers, the report said. The C-17 program is one of Boeing's biggest, due to annual Pentagon spending of about $3 billion, the report said. Boeing has enough orders to keep making the C-17 through 2008, but because many parts must be ordered months in advance, the company said it needs commitments for additional planes by Friday to avoid having to notify suppliers to start shutting down their production lines, the report said. BIG mistake. Posted by: Nimble Spemble 2006-08-17 |
| http://www.rantburg.com/poparticle.php?ID=163198 |