Boeing reported a $1.1 billion quarterly profit on Wednesday that beat expectations because of strong growth in its defense business.Photo: "Long Beach Boeing C-17 Tour."
The company's passenger jet profit grew more slowly and manufacturing problems have forced it to cut its forecast for deliveries of its two newest jets.
A large share of Boeing's defense work is done in Long Beach and surrounding communities, including production of the C-17 Globemaster cargo jet, satellite research and development in Seal Beach, and engineering and other work in Huntington Beach.
Boeing also maintains a large defense workforce in El Segundo, where crews operate the world's largest satellite manufacturing facility, said Paula Shawa, Boeing's regional spokesperson.
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Wednesday, November 2, 2011
Long Beach Defense Work Bulks Up Boeing's 3rd Quarter Profit
This was last week, at Long Beach Press-Telegram, "Boeing's 3rd quarter profit tops $1 billion."
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