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Boeing Moves Up C-17 Production Line Closure

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Boeing Moves Up C-17 Production Line Closure
Boeing received a $986 million award from the U.S. Air Force for services for the C-17. Photo: Air Force.

Boeing [BA] moved up the timing for closing its C-17 production line to mid-2015, an adjustment of approximately three months from an initial estimate of late 2015, according to a company statement. Plans to end the C-17 production line would also shutter the company’s Long Beach, Calif., C-17 final assembly facility after a two-decade production run. Boeing announced in September plans to end C-17 production. Boeing said it expects inventory-related charges of approximately $50 million as a result of this…

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