Boeing Buys Back GKN Aerospace Factory It Sold in 2001

Boeing is buying back the St. Louis area GKN Aerospace factory it sold in 2001.

The agreement ends a dispute between Boeing and GKN over the supply of parts for F-15 and F/A-18 fighter jets.
Boeing will take over the facility that had been primarily producing parts for the jets.

About 550 GKN employees working at the site are now on Boeing’s payroll.

The factory had been planned for closure for profitability issues. Financial details were not disclosed.

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