Boeing

(UPI/Boeing Aircraft Handout)

Updated at 5:20 p.m. with comments from Boeing.

Boeing’s defense arm will find another $1.6 billion in cuts by 2013.

The company announced the additional reductions today, though no details were provided. Defense , Space and Security, which is based in St. Louis, has already cut more than $2 billion since 2010, including a 30 percent reduction in management-level positions. 

(Air Force photo/Capt. Shannon Collins)

Updated at 11:45 a.m. with information from union spokesman Thomas Pinski.

Updated at 12 p.m. with statement from the White House.

Updated at 1:20 p.m. with comments from union president Gordon King and statement from Boeing.

The Obama administration has approved the sale of $30 billion worth of F-15 fighter jets to Saudi Arabia - a move that could mean new jobs at Boeing's defense plant in Hazelwood.

(Maria Altman/St. Louis Public Radio)

Senator Claire McCaskill says since the supercommittee failed to come to an agreement, Congress should follow through with the automatic budget cuts.

The $1.2 trillion in cuts would come from defense and non-defense spending, but would not affect Social Security or programs for low-income people such as Medicaid.

Already some Republican senators, including John McCain, have said Congress can reverse the cuts.

The U.S. Department of Defense has included an order of 16 F/A 18 Super Hornets in their budget for the next two years.
(via Boeing)

Missouri House members are trying to eject from their earlier support for a jet built in Texas.

House members this month approved a resolution urging Congress to fund the F-35 Joint Strike Fighter program, which is built by Lockheed Martin Corp. in Texas. Some now fear the jet could compete for funding with the F/A-18, which is built by Boeing Corp. in St. Louis.

Boeing is among Missouri's biggest employers with about 15,000 workers in the state and 5,000 connected to the F/A-18.

(via Boeing)

Updated at 4 p.m. with statement from Boeing.

Updated 3:51 p.m. with Boeing jobs figures in Missouri

A new wrinkle of disagreement has emerged in Missouri's special legislative session on business incentives. State lawmakers and Gov. Jay Nixon now apparently are at odds over the production of military fighter jets.

Boeing FA-18 Super Hornet
Mass Communication Specialist Seaman Stephen G. Hale II | U.S. Navy

The U.S. Embassy in New Delhi says that two American makers of fighter jets are out of the running for a multibillion dollar contract for the Indian air force.

The defense arm of one of the two American companies, Boeing Co., is based in St. Louis.

Boeing Co. and Lockheed Martin were both bidding for a slice of the $11 billion Indian deal for 126 fighter jets.

A statement from U.S. Ambassador Timothy J. Roemer says that the news from India's Defense Ministry was "deeply disappointing."

(UPI/Bill Greenblatt)

Martin Family Files Suit Against August Busch IV

A wrongful-death lawsuit filed against former Anheuser-Busch CEO August Busch IV over the drug overdose death of his girlfriend has set off a squabble within her family. The lawsuit filed Thursday accuses Busch of carelessness and negligence in the December death of 27-year-old Adrienne Martin at Busch's estate. It seeks unspecified damages for her 8-year-old son.

An autopsy identified an accidental oxycodone overdose as Martin's cause of death, though it showed she also had cocaine in her system.

In a matter of weeks - if not days - the Pentagon will announce whether Chicago-based Boeing Co. or European Aeronautic Defence and Space Company will build 179 new tankers to replace the Air Force's Eisenhower-era KC-135 planes.

It's a $35 billion contract to build nearly 200 giant airborne refueling tankers. And the decade-long brawl by two defense industry titans to win it has been just as epic.

Boeing announced today that they're moving into production at their new site in Mascoutah, Ill., the St. Louis Business Journal reports.

Yesterday, we told you that a $19 billion deal with China landed Boeing an order for production of 200 airplanes. Well, today's news about the company is more about cuts than gains.

Boeing Co. says it's cutting 1,100 jobs from its U.S. plants, most of them in Southern California, as it scales back production of its C-17 cargo planes.

(UPI/Boeing Aircraft Handout)

A senior administration official says China will announce deals Wednesday to purchase $45 billion in U.S.
exports, including a $19 billion agreement to buy 200 Boeing airplanes, according to the Associated Press.

The official says the deal will create 235,000 jobs in the U.S.

It is important to note, however, that these planes will be commercial aircraft. Moreover, the St. Louis division of Boeing, which produces military aircraft, is unlikely to benefit directly from today's deal.

Looks like the Boeing 787 Dreamliner will stay, well, a dream for just a bit longer.

Boeing Co. is pushing back the delivery date for its new 787 until at least July.

Senator Kit Bond is retiring after more than four decades in public office.

Missourians first elected the Republican in 1970 as state auditor. Two years later Bond became the state’s youngest governor at the age of 33.

He spent two terms in the governor’s mansion, then went on to four terms in the U.S. Senate.

Maria Altman takes a look back on Senator Kit Bond’s long public service career.

Pages