Boeing to shut C-17 plant three months earlier than expected

• Boeing (BA -1.5%) says it plans to end production of its C-17 cargo jets in mid-2015, some three months earlier than its initial estimate for late 2015, and shutter its 1.1M sq. ft. Long Beach, Calif., facility due to "current market trends and the timing of expected orders.”
• BA expects to post Q1 charges of $50M related to the move.