When President Donald Trump makes his third Missouri appearance since August on Wednesday, he will hold a roundtable discussion at the Hazelwood facility of Boeing, a company that has seen its rising fortunes fueled by his administration.
The aviation and defense company, which has significant defense operations in the St. Louis area, has seen its stock price more than double since early 2017, outpacing many of its peers.
The company’s shares have been boosted by the tax reform plan passed by Republicans late last year. Dennis Muilenburg, Boeing’s president and CEO, called the tax cuts “the single most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”
And increased defense spending under Trump’s administration has likely extended the runway for Boeing’s Super Hornet planes, produced in the St. Louis area. Production of the planes provides about 2,000 jobs in the area, and 24 Super Hornets were approved in Congress’ 2018 budget and included in Trump’s 2019 budget. Plus, the Navy plans to buy dozens more in the coming years.
Read more: St. Louis Post-Dispatch