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Tuesday, December 10, 2013

Boeing must decide on F/A-18 production in March 2014

F/A-18 Suter HornetBoeing Co must decide in March 2014 whether to invest tens of millions of dollars to continue production of the F/A-18 fighter jet, a senior Boeing executive said on Monday, underscoring his confidence that sufficient orders would emerge to keep the plane in production until beyond 2020.

"I know where my money is betting," said Mike Gibbons, vice president of F/A-18 Super Hornet and EA-18 Growler programs at Boeing, told reporters after a U.S. Navy ceremony celebrating the 35th anniversary of the first flight of the original F/A-18 Hornet at the headquarters of the Navy's aviation command.

"We have been extremely bullish about how much of a future we think we have on Super Hornet and Growler production," Gibbons said, noting that Boeing recently invested substantial amounts in new tools to reduce the cost of building the airplanes at its facility in St. Louis, Missouri.

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