Boeing adjusts timing of C-17 production line closure

8 April 2014

Boeing (NYSE: BA) said it has adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world´s premier airlifter.

Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013.

Boeing expects inventory–related charges of approximately USD50m, which will be recorded in the first quarter, as a result of this announcement.

A unit of The Boeing company, Boeing Defense, Space and Security is one of the world´s largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world´s largest and most versatile manufacturer of military aircraft.

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