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Boeing restructures research operations; shifts jobs to South, Midwest, away from West Coast

JEFFERSON CITY, Mo. - Boeing announced Thursday that it is shifting hundreds of jobs to Alabama, Missouri and South Carolina as part of a restructuring of its U.S. research operations over the next two years. The Chicago-based aerospace company said the reorganization will result in fewer research jobs in Washington state and California and is being undertaken to better meet the needs of its commercial airplane, military and space and security units.

Analysis: Boeing, Washington machinists may find compromise on 777X

By Alwyn Scott NEW YORK (Reuters) - Boeing's biggest union rallied against a proposed labor contract on Monday, calling the offer "destructive and divisive" and vowing to reject it at the ballot box on Wednesday. But union members risk losing years of work and thousands of jobs producing Boeing's next jetliner, the 777X, if they spike the deal. And Boeing would be giving up a workforce trained to build the first version of the plane and factories tooled for it.

Washington state lawmakers pass tax breaks, aiming to win Boeing work

By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - The Washington state legislature on Saturday passed a measure to extend nearly $9 billion in tax breaks for Boeing through 2040 in an embattled effort to entice the company to locate production of its newest jet, the 777X, in the Seattle area. Lawmakers acknowledged, however, that their efforts would likely be undermined if the airplane maker's key machinists union votes down a proposed labor contract due to go before the membership on Wednesday.

Boeing warns Seattle could lose 777X if deal rejected

By Tim Hepher and Dominique Vidalon (Reuters) - Boeing <BA.N> said on Friday it was ready to re-examine alternative sites for its newest jet if assembly workers and local politicians do not ratify plans to build it in the Seattle area, its traditional manufacturing base. The U.S. planemaker issued the warning hours after senior members of the International Association of Machinists union were reported to voice opposition to a proposed labor contract that is due to go to a membership vote next Wednesday.

Boeing seen in advanced talks to make 777X near Seattle

By Tim Hepher and Alwyn Scott (Reuters) - Boeing <BA.N> is in advanced talks with its machinists' union to assemble the company's new 777X jet and build its wings in the Seattle area, several people familiar with the negotiations told Reuters. Where the jet should be built is one of the most keenly awaited decisions in global aerospace, with workers at Boeing's commercial base in the state of Washington facing competition from lower-cost, non-unionized states in the South.

Boeing in advanced talks to build 777X near Seattle: source

By Tim Hepher (Reuters) - Boeing <BA.N> is in advanced talks with a leading union to assemble its new 777X jet and build its wings in the Seattle area, a source familiar with the negotiations told Reuters. The U.S. planemaker is expected to launch the latest version of its popular 777 mini-jumbo with at least 100 orders from Gulf carriers at the Dubai Airshow later this month.

Boeing plans to do much of design for the revamped 777 outside of Washington state

SEATTLE - Boeing said much of the design work for a major overhaul of its 777 will be done outside of its main commercial airplane base in the Seattle area. The plan laid out in a memo to Boeing workers on Wednesday confirms suspicions that Boeing has been looking to move design work to engineers elsewhere. The company said much of the design work will be done in Charleston, S.C.; Huntsville, Ala.; Long Beach, Calif.; Philadelphia and St. Louis. Some work will also be done in Moscow.

Boeing to boost 787 production to keep up with strong demand; delivers big 3Q profit

Boeing is riding a wave of demand for new fuel-efficient planes from airlines around the globe. Now the trick is to build them fast enough. With a backlog of orders worth $344 billion, Boeing has been speeding up production of its big commercial planes. It now says it will boost output of the new 787 by 40 per cent by the end of the decade. On Wednesday, Boeing reported a better-than-expected third-quarter profit and raised its full-year outlook. Its shares hit an all-time high.

Boeing boosts 2013 forecast as Q3 profit soars

Boeing raised its 2013 earnings forecast Wednesday after third-quarter profits soared, saying it would boost production of its flagship 787 Dreamliner aircraft. Net earnings totaled $1.16 billion for the July-September quarter, an increase of 12 percent from $1.03 billion in the same period in 2012, the US aerospace and defense giant said. Earnings per share came in at $1.51 compared with $1.35 a year ago. Adjusted earnings per share, excluding certain pension expenses, increased 16 percent to $1.80, well above Wall Street analysts' average estimate of $1.55.

Boeing boosts 2013 forecast as Q3 profit soars

Boeing raised its 2013 earnings forecast Wednesday after third-quarter profits soared, saying it would boost production of its flagship 787 Dreamliner aircraft. Net earnings totaled $1.16 billion for the July-September quarter, an increase of 12 percent from $1.03 billion in the same period in 2012, the US aerospace and defense giant said. Earnings per share came in at $1.51 compared with $1.35 a year ago. Adjusted earnings per share, excluding certain pension expenses, increased 16 percent to $1.80, well above Wall Street analysts' average estimate of $1.55.
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