Jan. 26 at 12:19 p.m.
Filed under:
Airplanes,
Earnings
By Julie Johnsson
Boeing Co. said Wednesday it expects to deliver at least 25 of its delay-prone 787 Dreamliner and 747-8 jumbo jets this year, but doesn’t anticipate that the planes will give any near-term lift to its financial results.
Production cost over-runs and penalty payments to pacify airline customers mean Boeing won’t make money off those deliveries, executives told analysts and reporters during a quarterly earnings call, admitting the Chicago-based aerospace manufacturer remains concerned about the overall profitability of the best-selling Dreamliner. Get the full story »
Jan. 25 at 12:29 p.m.
Filed under:
Airplanes,
International,
Trade
By Reuters
irbus and Boeing traded blows on Tuesday ahead of a final World Trade Organization ruling on claims Boeing received subsidies, in a tit-for-tat case brought by the European Union over similar U.S. claims against Airbus. Get the full story »
Jan. 21 at 12:44 p.m.
Filed under:
Airplanes,
China,
Government,
International
By Dow Jones Newswires
China’s top aviation regulator said Friday that it aimed to work jointly with U.S. authorities on certifying the planned new C919 passenger jet.
The aircraft is seen as the first shot in China’s effort to break the duopoly in large civil aircraft held by Airbus and Boeing Co. and securing approval from overseas regulators will be crucial in finding customers outside the country’s fast-growing domestic market. Get the full story »
By Reuters
The World Trade Organization will issue a confidential final ruling Jan. 31 concerning European claims that Boeing benefited from unfair aircraft subsidies, sources familar with the case said on Friday.
The report, which will not be made public for several weeks, is the latest round of legal Ping-Pong between the European Union and United States over mutual claims their aircraft industries have been unfairly shielded from competition. Get the full story »
Jan. 20 at 11:17 a.m.
Filed under:
Airplanes,
Defense
By Los Angeles Times
Time is running out at Southern California’s last major conventional aircraft factory.
Citing declining orders for its C-17 cargo planes, Boeing Co. said it was cutting 900 of the 3,700 jobs at its sprawling Long Beach plant. Barring congressional intervention or a spate of foreign orders — which analysts say is unlikely — the factory is expected to shut down completely by the end of next year.
AP reports that the aerospace giant also is cutting 200 additional jobs in Arizona, Georgia and Missouri in light of the declining demand. Get the full story >>
Jan. 19 at 9:56 a.m.
Filed under:
Airplanes,
China,
International,
Trade
By Reuters
The United States and China reached agreement on export deals worth $45 billion, a senior U.S. official said Wednesday.
The agreements included a $19 billion deal with Boeing in which China will purchase 200 Boeing aircraft. Get the full story »
Jan. 19 at 1:04 a.m.
Filed under:
China,
International,
Trade
By Michael Oneal
Before Thursday night’s big bash in Chicago where Mayor Richard Daley will welcome China’s President Hu Jintao to the Windy City, several business executives with Chicago connections met with the Chinese leader and President Barack Obama in a Wednesday afternoon gathering at the White House.
Attending the meeting were James McNerney, chairman and chief executive of Chicago-based Boeing Co. and Greg Brown, the president and chief executive of Motorola Solutions Inc. in suburban Schaumburg. Get the full story »
Jan. 18 at 8:48 a.m.
Filed under:
Airplanes
By Associated Press
Boeing pushed back deliveries of its new 787 again on Tuesday, meaning that the soonest it will arrive is July. The company had most recently said that deliveries would begin next month, nearly three years late, but an electrical fire on a plane in November halted flight testing and another delay has been widely anticipated. Get the full story »
Jan. 18 at 6:11 a.m.
Filed under:
Airplanes
By Reuters
Boeing Co. has resumed flight tests of its 787 jetliner aimed at achieving Federal Aviation Administration certification. Boeing halted test flights of the long-delayed jet last fall because of an in-flight electrical fire in the plane’s power distribution system that forced an emergency landing Nov. 9. Get the full story »
Jan. 17 at 5:43 a.m.
Filed under:
Airplanes,
International,
Trade
By Reuters
European planemaker Airbus scored a surprise victory in the annual orders race against Boeing and celebrated the 10,000th plane sale in its 40-year history with a $5 billion order from Virgin America. A last-minute surge pushed Airbus past its U.S. rival for a third year as it held onto a net order market share of 52 percent in the face of a resurgent Boeing, which was hit by cancellations in 2009 due to delays to its 787 Dreamliner. Get the full story »
Jan. 14 at 1:52 p.m.
Filed under:
Defense,
Government,
Technology
By Reuters
President Barack Obama’s administration plans to pull the plug on the troubled “virtual fence” project meant to better guard stretches of the U.S. border with Mexico, a senior lawmaker said Friday.
The project, being run by Boeing Co., has cost about $1 billion to pull together video cameras, radar, sensors and other technologies to detect smugglers trying to cross the porous border. Get the full story »
Jan. 14 at 7:59 a.m.
Filed under:
Airlines,
Airplanes
By Reuters
Airbus looks set to leapfrog Boeing and score a surprise last-minute win on orders when it unveils 2010 commercial results next week, industry sources said on Friday. Get the full story »
By Associated Press
Chicago-based Boeing Company has named Kim Hammonds as chief information officer and vice president of its information technology organization.
Hammonds succeeds John Hinshaw, who is becoming vice president and general manager of the new information solutions unit in Boeing Defense, Space & Security. She’ll be responsible for all IT strategy, systems, infrastructure, architecture, processes and people companywide.
Jan. 12 at 9:25 a.m.
Filed under:
Airplanes,
Updated
By Reuters
Guests exit a Boeing 787 Dreamliner aircraft at the Farnborough Airshow in Hampshire, England, July 18, 2010. (Ben Stansall/AFP/Getty Images)
Aircraft parts maker Spirit Aerosystems Holdings Inc. said it has reached a deal with Boeing Co. on claims related to development and production of the 787 Dreamliner.
Spirit did not specify what claims had been addressed, but the company has taken financial hits in recent years due to delays in the Dreamliner, which is nearly three years behind schedule.
Spirit spokesmen were not immediately available for comment. Get the full story »
Jan. 11 at 3:13 p.m.
Filed under:
Airplanes,
Defense,
Manufacturing
By Reuters
Airbus on Tuesday announced what it called the biggest jet order in commercial aviation history with a $15.6 billion deal to sell 180 planes to Indian budget carrier IndiGo including the first orders for a revamped model.
The deal comes as the European planemaker tallies its plane orders for 2010, but will not enter the order book in time to decide whether Airbus will come from behind to win a fiercely contested annual battle for most sales against Chicago-based Boeing. Get the full story »
