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Boeing has announced it will end production of its C-17 strategic transport about three months earlier than anticipated.
The company announced last September that it was closing the Long Beach, California production line in late 2015. This has now been brought forward to mid-2015, “based on current market trends and the timing of expected orders”, Boeing says.
The manufacturer expects the termination to generate inventory-related charges of approximately $50 million, which will be recorded in the first quarter, as a result of bringing forward the closure date.
peter_kandra
reply to post by Zaphod58
That's a shame. When I lived in NJ I wasn't too far from McGuire AFB and used to see them fly over my house all the time.
Is there a future replacement on the drawing board?