The Boeing Co. (NYSE: BA) may be about to close its military aircraft manufacturing plant in Wichita, Kansas, as a result of proposed cuts to the US defense budget. About 2,000 employees would be affected.
A report from Bloomberg News cites an unnamed source who said the company will move manufacturing of its new Air Force aerial refueling tanker to the Washington state plant where the company builds wide-body planes.
The company has called a meeting of all Wichita employees for 10:30 a.m. Central time but has not divulged the subject of the meeting. Boeing once expected the plant to employ 7,500 people following its win on the new Air Force tanker.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
