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Thursday, August 01, 2013

Boeing approves one more year of C-17 production on anticipated demand

C-17 Globemaster IIIBoeing has started building as many as 12 more C-17 airlifters in anticipation of signing new orders from international customers, possibly extending the Long Beach, California production line by more than a year.

The company's second quarter earnings report filed with the US Securities and Exchange Commission notes that as of 30 June $620 million is obligated in inventory and potential termination liabilities for the next batch of aircraft.

The note confirms that Boeing leadership decided in the second quarter to continue building C-17s beyond the aircraft already on contract for delivery through September of next year.

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