Downsizing of aerospace giant throws up demolition opportunities.
Aerospace giant Boeing Co. plans to sell two buildings at its Seal Beach campus, including its iconic, eight-story office tower along Seal Beach Boulevard, as part of a nationwide downsizing, company officials said Thursday. In addition, Boeing plans to demolish two vacant buildings at its Huntington Beach facility early next year.
“In Southern California, we have excess office space,” said Boeing spokesman Todd Blecher. “We’re just consolidating our footprint.”
Boeing announced Wednesday that it plans to trim $1.6 billion in spending at its Defense, Space and Security unit. The cuts, made in response to the federal government’s shrinking defense budget, will come on top of $2.2 billion in spending cuts made over the past two years.
The company also is cutting executive positions by 30 percent from 2010 levels and is downsizing facilities space by more than 10 percent, the company also said.
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