But he also noted that the industry has been shrinking in Southern California for decades. “This is another brick in that path,” he added. In the first nine months of this year, profit in the company’s defense and space unit was down 5 percent from a year earlier.
Moreover, as Congress has curbed defense spending in recent years, Boeing has lost several big military contracts. The company also faces competition from space startups such as Hawthorne-based SpaceX.
Statewide, Boeing’s workforce has shrunk by nearly 700 jobs since January, dropping to 14,414. Even so, “California remains key to Boeing’s future,” said spokeswoman Tiffany Pitts.
“It’s home to the world’s largest satellite factory, commercial airplane engineering activities, and military and commercial airplane product support.”
Monday, December 26, 2016
Boeing to shift 2,400 jobs away from Huntington Beach facility by 2020
Good God! Is there no hope for CA?