Boeing Stock Dips Amid Super Hornet Work Relocation from St. Louis
Boeing's shares edged lower in Wednesday trading as the aerospace giant shifted Super Hornet upgrade work from its St. Louis County plant to facilities in Texas and Florida. The MOVE comes amid ongoing tensions with the International Association of Machinists and Aerospace Workers union, though Boeing executives cited strategic expansion plans rather than labor disputes as the primary driver.
The service life modification project for F/A-18 aircraft had been shared across multiple sites including San Diego, with St. Louis now losing its portion of the work. Market reaction appeared muted but negative, reflecting investor uncertainty about Boeing's labor relations strategy and production footprint optimization.