Boeing Announces Big Cuts, But St. Louis Coming Out Okay Video

ST. LOUIS (AP) — Boeing Co. is slimming down its military aircraft business and cutting workers as the U.S. tightens defense spending and profit margins shrink. But amid layoffs that have yet to be announced, there is some good news for St. Louis. Three major portions of the company's military wing will be headquartered in the St. Louis area.

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