The U.S. government has prevented more than 350 people suspected of ties to al-Qaida and other terrorist groups from boarding U.S.-bound commercial flights since the end of 2009, The Associated Press has learned. Get the full story »
Filed under: Defense
From Bloomberg News | U.S. Air Force Secretary Michael Donley said Tuesday that the Air Force will not allow changes to Chicago-based Boeing’s air refueling tanker contract of more than $30 billion without “high-level” review from Pentagon leadership,
More than 190 Boeing Co. workers across the country are receiving layoff notices this week as the company adjusts to changes in a missile program. Get the full story »
Navistar International Corp. reported a fiscal-first-quarter loss as results weakened at each of the commercial-truck maker’s main manufacturing segments. Still, Chairman and Chief Executive Daniel C. Ustian said encouraging industry trends should push full-year earnings to the high end of its previously projected guidance of $5 to $6 a share. Get the full story »
One of the longest and strangest contests in Pentagon history ended Friday when EADS said it would not contest the $30 billion contract Boeing Co. won last month to supply the Pentagon with aerial tankers.
Chicago-based Boeing won in a price shoot-out, underbidding the European defense contractor by $2 billion, EADS North America Chairman Ralph Crosby said Friday. Now comes the hard part: developing and building the aerial gas stations on a fixed-price contract with little leeway for cost overruns, analysts said. Get the full story »
From Bloomberg News | Billionaire Warren Buffett said in his annual letter that wants to use his almost $40 billion pile of cash to pursue bigger acquisitions. That may put companies from Archer Daniels Midland Co. to General Dynamics Corp. and Exelon Corp. in his sights. Get the full story>>
The U.S. Air Force on Thursday awarded Boeing Co. a contract worth more than $30 billion to build airborne tankers, potentially ending a decade-long contracting saga that is one of the longest and strangest in Pentagon history.
The announcement was an upset win for Chicago-based Boeing, and quickly drew an allegation that Defense Department officials had been swayed by “Chicago politics” from Sen. Richard Shelby (R-Ala.), a leading Congressional supporter of rival bidder EADS. Get the full story »
The U.S. Air Force prepared on Thursday to announce the winner of an epic $35 billion procurement battle between Boeing and Airbus over 179 aerial refueling planes, its third attempt to start replacing a fleet of planes built before humans first landed on the moon.
Less than a dozen top Air Force and Pentagon officials know the outcome of a price shootout that saw both companies submit very aggressive offers, but which analysts increasingly expect Airbus parent EADS to win. Get the full story »
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 »
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 »
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 »
Boeing Co. and EADS launched dueling advertising campaigns on Thursday as the companies’ bitter battle to capture U.S. refueling aircraft orders valued at up to $50 billion neared another pivotal point.
Boeing and Airbus parent EADS must submit their final proposal revisions, also known as “best and final offers” for 179 new aerial tankers by Feb. 11 after separate meetings with U.S. Air Force officials on Monday, Feb. 7. 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 »
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 »