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News Link • Military Industrial Complex

Boeing gets $1.1-billion Air Force satellite contract

• W.J. Hennigan, Los Angeles Times
In a major boost to its sprawling satellite-making operation in El Segundo, Boeing Co. announced that it won a $1.1-billion U.S. Air Force award that will preserve high-paying engineering jobs in Southern California and bolster smaller firms that supply parts for the massive satellites.

The deal was the fourth big-money satellite contract for Boeing in two years — a reversal of fortunes from the dog days of the late 1990s — and it keeps the production line humming at a time when the state is facing a 12% unemployment rate.

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