Boeing Will Get Smaller to Grow Faster

The giant plane maker plans to close a huge plant and outsource more parts to boost efficiency, combat rival Airbus, and impress the Street

In a dramatic move that could save Boeing Co. (BA ) an estimated $1 billion a year and make it a leaner global player, the plane maker is planning to shut down its massive 737 and 757 assembly lines on the southern outskirts of Seattle and combine them with the existing 747 widebody plant to the north in Everett, Wash., people close to the decision have told BusinessWeek.

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