Long Beach Defense Work Bulks Up Boeing's 3rd Quarter Profit

This was last week, at Long Beach Press-Telegram, "Boeing's 3rd quarter profit tops $1 billion."

Boeing reported a $1.1 billion quarterly profit on Wednesday that beat expectations because of strong growth in its defense business.

The company's passenger jet profit grew more slowly and manufacturing problems have forced it to cut its forecast for deliveries of its two newest jets.

A large share of Boeing's defense work is done in Long Beach and surrounding communities, including production of the C-17 Globemaster cargo jet, satellite research and development in Seal Beach, and engineering and other work in Huntington Beach.

Boeing also maintains a large defense workforce in El Segundo, where crews operate the world's largest satellite manufacturing facility, said Paula Shawa, Boeing's regional spokesperson.

Photo: "Long Beach Boeing C-17 Tour."