Jan. 6 at 9:24 a.m.
Filed under:
Airplanes,
Defense,
Updated
By Julie Johnsson
Boeing Co. notched 530 net commercial aircraft orders and delivered 462 airplanes during 2010 as the commercial aerospace market continued to rebound along with the global economy.
The Chicago-based aerospace company saw an improvement in its key commercial airplane business, which accounts for more than half of Boeing’s revenues, despite continued problems with its 787 and 747-8 aircraft programs.
Aircraft sales rebounded strongly from 2009, when Boeing gained just 142 net orders and scrambled to help airline customers obtain financing and to prevent them from canceling orders. Get the full story »
Jan. 4 at 8:59 a.m.
Filed under:
Airplanes
By Julie Johnsson
Boeing Co. and Airbus SAS are ringing in the the new year with large aircraft order announcements for their popular narrow-body jets.
Finance company CIT Group Inc. ordered 38 next-generation Boeing 737s worth about $3.2 billion at list price. This is the largest order CIT has placed with Chicago-based Boeing and a sign the commercial lender intends to remain a player in the aircraft leasing business after emerging from bankruptcy last year. Get the full story »
Jan. 3 at 8:02 a.m.
Filed under:
Airplanes,
Defense
By Dow Jones Newswires
Financial-services firm JPMorgan upgraded Boeing Co. on Monday to overweight from neutral, saying the manufacturer’s stock price likely reflects the risk in its military business and 787 Dreamliner development program. Get the full story »
Dec. 23, 2010 at 3:57 p.m.
Filed under:
Airlines,
Airplanes,
Manufacturing
By Associated Press
Boeing will resume flight tests of its long-delayed 787 jet Thursday, six weeks after they were suspended because of an in-flight electrical fire in the plane’s power distribution system.
The company says it installed an updated, interim version of the software that controls the system in the first of six test flight aircraft. Get the full story »
By Reuters
The Senate Armed Services Committee will hold hearings next month into an Air Force document bungle roiling a transAtlantic rematch for a potential $50 billion aerial-refueling plane contract.
Senate Armed Services Chairman Carl Levin said Wednesday he was prepared to launch an investigation into “the release of proprietary data” from rival tanker bidders Boeing and Europe’s EADS.
At issue is what the Air Force calls “a clerical error” that sent Boeing and EADS computerized records in November with sensitive data on each other’s bid for the contract. Get the full story »
Dec. 22, 2010 at 6:43 a.m.
Filed under:
Airplanes
By Reuters
Boeing Co. said on Wednesday that it will soon announce the resumption of test flights for its 787 Dreamliner plane, which have been halted since last month due to technical problems. “Probably the next announcement from Boeing would be an announcement of a return to flight tests. We expect that announcement very soon,” Boeing Japan President Mike Denton told reporters. Get the full story »
By Dow Jones Newswires
Boeing Co. said it won a contract valued at about $1 billion to build a communication-satellite system for Mexico’s government that will be used for national-security and civil-communications needs.
The system will consist of three satellites, two ground sites and related network operations systems and other equipment. Get the full story »
Dec. 20, 2010 at 7:58 a.m.
Filed under:
Airplanes
By Reuters
Boeing Co. for the second time this year said it will increase its 777 aircraft production rate based on strong global demand.
Boeing said Monday it will raise its production of the airplanes to 8.3 per month in the first quarter of 2013. In March, the company announced it would increase production to seven from five airplanes per month starting in mid-2011. Get the full story »
Dec. 17, 2010 at 1:31 p.m.
Filed under:
Airplanes
From the Financial Times | Boeing is expected to announce by the end of the year that its troubled 787 Dreamliner will officially be delayed a seventh time. The program was halted last month following a fire aboard a test aircraft. More than a month after the incident, Boeing is yet to issue a new certification target or restart flight testing. A new timetable would likely move first deliveries to May 2008, more than three years behind their original scheduled delivery. Get the full story>>
Dec. 15, 2010 at 5:53 p.m.
Filed under:
Defense,
Government
By Reuters
A test of the sole U.S. defense against long-range ballistic missiles failed again Wednesday, the second failure in a row involving the system managed by Boeing Co., the Defense Department said.
“The Missile Defense Agency was unable to achieve a planned intercept of a ballistic missile target during a test over the Pacific Ocean (Wednesday),” Richard Lehner, an agency spokesman, said in an e-mailed statement. No preliminary explanation of the failure was provided. Get the full story »
Dec. 15, 2010 at 1:22 p.m.
Filed under:
Airlines,
Airplanes
By Associated Press
Southwest Airlines will order 20 new, larger versions of the Boeing 737 that could pave the way for the all-domestic airline to offer international flights.
CEO Gary Kelly said Wednesday that Southwest will change an existing order with Boeing to get new 737-800 jets beginning in early 2012. The 737-800s have 38 more seats than the largest planes in Southwest’s current fleet. Get the full story »
Dec. 15, 2010 at 9:02 a.m.
Filed under:
Economy
By Associated Press
President Barack Obama, trying to reset strained relations with the corporate world, said Wednesday he would pick the brains of America’s top business executives to help boost tepid U.S. growth and slow hiring.
“This morning I hope to elicit ideas from these business leaders that will help us not only climb out of recession but seize the promise of this moment,” Obama said in a statement.
Obama is meeting 20 top business leaders, including James McNerney, chief executive of Boeing Co., and John Chambers, chief executive of Cisco Systems Inc, to encourage them to ramp up hiring amid strong corporate profits. Get the full story »
Dec. 13, 2010 at 4:19 p.m.
Filed under:
Airlines,
Airplanes
From Bloomberg News | Boeing Co. is raising aircraft prices by about 5.2 percent, the first increase in two years, and dropping the short-haul version of the 787 Dreamliner. Get the full story>>
Dec. 13, 2010 at 6:12 a.m.
Filed under:
Airplanes
By Associated Press
European plane-maker Airbus is forecasting a faster-than-expected recovery in the aircraft industry. It says the world will need $3.2 trillion in new passenger and freighter aircraft over the next 20 years. That figure translates to nearly 26,000 planes. Get the full story »
Dec. 10, 2010 at 5:35 a.m.
Filed under:
Airlines,
Airplanes
By Dow Jones Newswires-Wall Street Journal
Aviation regulators are poised to order stepped-up inspections of more than 600 Boeing Co. 757 jetliners worldwide, prompted by a recent in-flight incident that left roughly a one-foot hole in the fuselage of an American Airlines plane.
Impending safety directives by the Federal Aviation Administration, according to people familiar with the matter, are expected to cover certain older models of the widely used, twin-engine planes. The FAA is drafting enhanced inspection mandates in the wake of the sudden rupture and rapid decompression that occurred Oct. 26 while the American jet was cruising at 31,000 feet en route from Miami to Boston. Get the full story »
