Wichita Woes: Is Boeing Leaving, Is Raytheon Selling?
Boeing is considering selling off its 75-year-old manufacturing facility in Wichita, which employs more than 12,000 workers, according to a report in Sunday's Seattle Times. The Times said its report was based on internal documents it obtained from a "company insider," and Boeing would neither confirm nor deny its plans. Yesterday, The Wichita Eagle reported that Kansas officials talked with Boeing CEO Harry Stonecipher about the Times report, and were reassured that no sale is imminent -- but the company is "always reviewing its plans." Meanwhile, the Times also reported this week that Raytheon Aircraft is close to making a deal to sell its Wichita fabrication division to a British company, GKN Aerospace, but Raytheon officials would not comment on the story. GKN officials did not respond to requests for comment from the Wichita Business Journal. Stonecipher is visiting Wichita this week, his first visit to the city since he took over as CEO in December. Boeing already has laid off nearly half its Wichita workforce in the last five years, according to the Eagle.