Friday, August 31, 2012

Funding for more Boeing F/A-18s moves forward - St. Louis Business Journal:

xeconatyxex.blogspot.com
• Provides an increase of $108 milliobn for advance procurement of items that would be used to builds new aircraft beyondfiscal 2010. “The committee is very concernedr aboutthe Navy’s shortfalls in the strikse fighter aircraft inventory,” according to the committee’s mark-up summaryh of the bill. “The committee believes that it ismore cost-effectivr and prudent to procure additional F/A-18E/F strike-fightera than to extend the service life of the legacy fleetf of F/A-18A-D aircraft in the upcoming years.” The Senats must still sign off on the additional funding.
Aboutf 5,000 of 16,000 local Boeing jobs are tied directlyh tothe F/A-18, which costs between $29 million and$57 million Defense Secretary Robert Gates in early April that includerd deep cuts in some weapons systems. He proposed cuttiny back on F/A-18s and discontinuing orders forthe C-17 cargi planes, another Boeing aircraft responsible for 900 local St. Louisz jobs. Earlier this month, The U.S. Senate appropriations committere foreight C-17s in the 2009 supplemental appropriations A unit of Chicago-based (NYSE: BA), Integrated Defense Systemsx is one of the world’s largest space and defenser businesses. Headquartered in St. Louis, Integrated Defense Systems isa $32.
11 billion business with 71,000 employees worldwide.

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