Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Boeing Co. is the underdog to land a $35 billion contract for aerial refueling tankers that the Pentagon is expected to award as early as Thursday, analysts said.
If conventional wisdom is right, EADS North America would win its first major U.S. Defense Department deal and be the front-runner to replace the entire half-century-old tanker fleet in contracts expected to total more than $100 billion. Get the full story »
Boeing Co., seeking to boost its space businesses, said it will begin selling satellite communications services, joining a long list of international companies vying to provide the U.S. government and other countries with such services. Get the full story »
President Barack Obama plans to offer new financing for joint infrastructure projects between U.S. and Brazilian companies when he visits Brazil next month, part of efforts to strengthen ties between the Western Hemisphere’s two biggest economies, sources say. Get the full story »
Even by Pentagon standards, it’s an eye-popping prize: a $35 billion contract to build nearly 200 giant airborne refueling tankers. And the decade-long brawl by two defense industry titans to win it has been just as epic.
In a matter of weeks — if not days — the Pentagon will announce whether Chicago-based Boeing Co. or European Aeronautic Defence and Space Company will build 179 new tankers to replace the Air Force’s Eisenhower-era KC-135 planes. Get the full story »
Chicago-based Boeing Co. should be obliged by U.S. civil aviation authorities to conduct an emergency evacuation test of its new 747-8 Intercontinental, a senior Airbus executive said Wednesday.
The 747-8, a stretched version of the 747-400, was rolled out over the weekend at Boeing’s plant outside Seattle. It will carry 467 passengers, 51 more than the current version of the jumbo jet, offering airlines a lower cost-per-seat mile. Get the full story »
EADS North America said it submitted a final proposal in the politically charged U.S. tanker competition against Boeing Co. and that it lowered its price.
“We submitted what we think is a very competitive price proposal,” EADS North America Chairman Ralph Crosby told a briefing for reporters. Get the full story »
A model of the current Boeing 737 in Boeing's booth at a 2008 exhibition in Singapore. (AP Photo/Maye-E Wong, file)
Boeing Co. is still leaning toward building an all-new version of its hot-selling narrowbody 737, and the new plane would outperform Airbus’ competing A320neo, Boeing Chief Executive Jim McNerney said Thursday.
“We’re going to do a new airplane that will go beyond the capability of what the NEO can do,” McNerney said on a webcast of an event hosted by Cowen and Co.
He reiterated that the U.S. planemaker is still making its decision on whether to rebuild its 737 or simply put new fuel-efficient engines in the existing model. A redesigned plane would produce better fuel savings, but would take longer to bring to market. Get the full story »
Boeing Co. may have overextended the global supply chain on its long-overdue 787 Dreamliner program, but the company is confident it will meet its third-quarter delivery target, Chief Executive Jim McNerney said Wednesday.
Speaking at an event broadcast on cable television network CNBC, McNerney said he believes the company is nearing the end of development for the light-weight, carbon-composite airplane that is nearly three years behind its original schedule. Get the full story »
The cancellation of 32 orders for Boeing 737s this week appears to have been by Dubai Aerospace Enterprise (DAE), and more order retractions could be coming from the airplane lessor, an analyst said on Friday.
Boeing declined to comment on Friday and has not identified the customer that canceled the order, potentially worth more than $2 billion. DAE representatives were not immediately available to comment. Get the full story »
The head of Boeing’s commercial airplanes division says it could eventually increase the production rate of its new 787 jetliner beyond the previously announced 10 per month it plans to build by the end of 2013.
Boeing Co. says it has lost orders for 32 of its 737s, though the update posted by the company on Thursday did not identify the customer or customers who dropped the orders.
Boeing also says it added orders for ten 737s from unidentified customers. Get the full story »
Boeing Co. said Tuesday that it would submit a “final” bid for a $35 billion contract to supply the U.S. military with 179 aerial refueling tankers, as it tries to beat European rival Airbus.
A Boeing spokesman said the firm and Air Force officials discussed the company’s proposal Monday and revisions would follow. Get the full story »
Plane maker Boeing received unfair subsidies from the U.S. government, according to a World Trade Organization report on Monday, and Boeing and its European rival Airbus immediately quarreled over the scale of the support.
European rival Airbus said the report showed Boeing had received at least $5 billion in illegal subsidies and was only able to launch its 787 Dreamliner with such support. Boeing denied the assertions. Get the full story »
A Boeing 787 Dreamliner does a flyby at the Farnborough Airshow in England, July 18, 2010. (Ben Stansall/AFP/Getty Images)
Fitch Ratings downgraded Boeing Co. on Friday as the company struggles with delays in getting its new line of jets to market.
Boeing’s new 787 is running three years behind schedule. Earlier this month, the Chicago company said it won’t be able to deliver the plane until July at the earliest instead of February. On top of that, Boeing is faced with rising pension costs and tightening defense budgets at the Pentagon and other governments around the world. Get the full story »
Senators from both parties lambasted the U.S. Air Force after military officials acknowledged that they’d accidentally disclosed secret data to competitors Boeing and EADS as part of their effort to award a $35 billion contract to build a new fleet of aerial refueling tankers.
At a hearing of the Senate Armed Services Committee, Sen. Claire McCaskill, D-Mo., called the incident “a debacle” and asked what punitive action had been taken. She said those involved in the error should be fired. Get the full story »
