Boeing Points to More Economic Benefit from Potential Tanker Win – This Time in Illinois

Boeing (NYSE: BA) reports that Illinois would see an estimated 1,100 total jobs and generate an estimated $57 million in annual economic impact if the Boeing NewGen Tanker bid is successful.

The $35 billion contract is expected to be awarded this fall.

“Boeing’s NewGen Tanker would support more than 200 jobs at Hamilton Sundstrand in Rockford and in the surrounding communities, bringing $11 million in economic impact to the region each year,” said U.S. Rep. Don Manzullo. “Boeing is in great position to win this competition and build the Air Force’s next-generation refueling tanker, putting more Americans back to work in northern Illinois and throughout the country.”

Both Boeing and contract rival EADS have both launched significant advertising campaigns to promote their plans.

“I have been a strong supporter of Boeing building the new tanker, precisely because it will mean good paying jobs right here in Illinois,” said U.S. Rep. Jerry Costello. “This fact is even more important as we continue to deal with the effects of the economic downturn. Boeing has a tremendous economic impact on our state, and I look forward to this process moving toward completion.”

You may also be interested in...

John Coykendall Deloitte

Deloitte Selects John Coykendall to Lead Aerospace & Defense Sector; Paul Wellener Quoted

Deloitte has appointed John Coykendall, a principal at its consulting business, to lead the company’s U.S. aerospace and defense (A&D) sector within the U.S. industrial products and construction practice. Coykendall will also lead Deloitte's global aerospace and defense sector, succeeding Robin Lineberger, who will retire in May. 

Axonius

Axonius Secures $100M Private Funding for Portfolio Development, Market Expansion Efforts

Asset management platform maker Axonius has secured $100 million in private funding to support the company’s efforts to update its cybersecurity portfolio, Reuters reported Monday.

Lockheed GPS IIIF

Eric Brown: Lockheed Plans On-Orbit GPS Satellite Servicing Feature

Eric Brown, senior director of military space mission strategy at Lockheed Martin, said the company is updating its satellite bus for the U.S. Air Force's GPS III follow-on satellite platform to facilitate hardware updates in orbit, SpaceNews reported Friday.