Congress throws Boeing a lifeline for Super Hornet [View all]
Source: St. Louis Post-Dispatch
WASHINGTON
Congress has given Boeing's Super Hornet fighter jet a lifeline, at least for now.
The omnibus federal spending measure contains a down payment of $75 million for 22 of the fighters that the Navy didn't request.
The funding, signed into law on Jan. 17, will prod Navy officials to decide this year whether to spend as much as $2 billion for the unplanned planes as a hedge against delays of the F-35 Joint Strike Fighter.
At stake is Boeing's staying power as a producer of fighter jets alongside Bethesda, Md.-based Lockheed Martin Corp., which builds the F-35 for the Navy, Marine Corps and Air Force. Any additional orders from the Navy could serve as a buffer as Boeing works to attract new customers in Europe, the Middle East and Canada.
Read more: http://www.stltoday.com/business/local/congress-throws-boeing-a-lifeline-for-super-hornet-fighter/article_bba621ca-e19e-5e22-8597-473bce6b7f9f.html
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