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Boeing Seeking Buyer for St. Louis Parts Fabrication Business

20 June 2000

The Boeing Company is seeking a buyer who will operate in place its St.Louis-based parts fabrication business, one of the world's leading metal structures and composites manufacturing centers. The strategy is part of a Boeing-wide effort begun two years ago to enhance the company's competitiveness; streamline facilities; and focus operations on design, manufacturing and systems integration. "We want to exit the St. Louis fabrication business so that we can free up resources and compete more effectively in today's highly competitive defense industry," Jerry Daniels, president of Boeing Military Aircraft and Missile Systems, said in a news conference today. The St. Louis parts fabrication business currently operates at 40 percent of its capacity. The business employs about 1,700 people and occupies about 1.7 million square feet, about 15 percent of the Boeing facilities in St. Louis. Its operations include high-speed machining, composites manufacturing and sheet metal parts fabrication for the F/A-18E/F, C-17, T-45, AV-8B and F- 15 military jets.