ST. LOUIS – Boeing is exploring a cut in its annual production rate of C-17 transports from 15 to eight per year in hopes of keeping the troubled production line open through an increasingly tough fiscal environment. “You’ve got to look at the external realities,” says Chris Chadwick, president of Boeing Military Aircraft. As the effect of the recent financial crisis sets in, Boeing and other defense companies are bracing for flat – or possibly declining – spending at the Pentagon. The ...
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