Boeing's Southern California layoffs could affect subcontractors

Boeing executive Mike Connelly, left, unveils the world’s first all-electric-propulsion satellites at Boeing’s El Segundo satellite division in January.Boeing Co.'s planned layoffs in Southern California, announced this week, have revived concerns that the aerospace industry may suffer if Congress doesn't renew its support for the U.S. Export-Import Bank.

The bank's charter from Congress expired at the end of July after House Republican leaders prevented a vote to extend it. The federal agency helps U.S. companies sell their goods overseas by providing loans and other assistance.

Conservative critics contended that the Export-Import Bank provided corporate welfare to large corporations like…