Despite the urging of two federal lawmakers, Olin Corp. says it is moving an ammunition plant and 1,000 jobs from Illinois to Mississippi. The Clayton, Mo.-based Olin said Wednesday that its Winchester Centerfire Operations in East Alton will be relocated to Oxford, Miss. Get the full story »
Filed under: Defense
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Boeing delivered 124 commercial planes in 3Q
Boeing Co. said Thursday it delivered 124 commercial planes in the third quarter compared with 113 in the third quarter a year earlier. Get the full story »
Boeing finalizes $5.3 billion Navy contract
Boeing Co. has finalized a $5.3 billion four-year agreement with the U.S. Navy to build 124 F/A-18 fighter jets and electronic attack planes, a deal that will generate savings of over $600 million. Get the full story »
India may sign $3.5B deal for Boeing planes
India may sign a $3.5 billion deal to buy 10 of Boeing Co’s BA.N C-17 Globemaster III aircraft for its air force, the Economic Times reported on Wednesday. Get the full story »
Caterpillar picks up $641M defense contract
Heavy equipment maker Caterpillar Inc. said Monday that received a contract worth up to $641 million to build earth-moving tractor scrapers for the Defense Department.
It’s the largest single award from the department that the Peoria-based company has received, the company said in a statement. Get the full story »
Sep. 15, 2010 at 10:26 a.m.
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Filed under: Defense, Manufacturing, Tourism, Transportation, Travel Boeing spaceship seats up for sale
Boeing has lined up a space tourism company to sell seats on the spaceship it wants to build to fly to the International Space Station.
Boeing says it has a deal with Space Adventures to market seats on the flights. Space Adventures currently sells seats on trips to the space station aboard the Russian-built Soyuz spaceship.
WTO expected to rule Boeing got illegal U.S. help
The World Trade Organization is likely to rule Wednesday that Boeing Co. received some illegal subsidies from the U.S. government, said people familiar with the case, fueling the debate with European rival Airbus and opening the door to negotiations on state support to plane makers.
The preliminary, confidential WTO finding will come more than one year after the WTO ruled in a similar case that Airbus had benefited from illegal European subsidies. Get the full story »
Defense contractor found guilty in fraud
A former body armor magnate, who supplied the U.S. military and law enforcement agencies, and another executive were found guilty by a jury on Tuesday of orchestrating a $190 million fraud. Get the full story »
Sep. 14, 2010 at 9:19 a.m.
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Filed under: Airplanes, Defense, International, Manufacturing EADS open to adjusting U.S. tanker bid
European aerospace group EADS is open to adjusting the price of its refueling aircraft bid if the Air Force asks for final proposal changes, but will still see significant profit from the bid, the company’s U.S. chairman said on Tuesday.
The Air Force has been evaluating rival bids from EADS and Boeing in a competition valued at up to $50 billion, since July, with an eye to awarding a contract this fall. Get the full story »
Boeing to tear down historic Plant 2
B-17E Flying Fortress airplanes being built at Boeing's historic "Plant 2" being shuttered in Seattle. (Boeing)
The dilapidated factory that helped make Seattle a high-tech town is being demolished after 75 years, a casualty of time, technology and tails that grew too tall.
Boeing Co.’s Plant 2, a sprawling but outdated building, gave birth to some of the world’s most significant aircraft. It was the site of Seattle’s biggest disappearing act and a home to “Rosie the Riveter” — women who built thousands of World War II planes.
Sep. 9, 2010 at 5:29 p.m.
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Filed under: Computers, Defense, Policy, Politics, Privacy issues Cybercrime bill on list for passage this year
Capitol Hill staffers have made progress stitching together cybersecurity proposals into a huge bill, aides said, with Senate leadership putting it on their short list for passage this year. Get the full story »
Sep. 7, 2010 at 5:46 p.m.
Filed under: Airplanes, Defense, Jobs/employment, Layoffs, Management, Personnel moves, Updated Boeing slims down military aircraft business
Boeing Co. is slimming down its military aircraft business and cutting workers as the U.S. tightens defense spending and profit margins shrink.
Boeing’s military division makes the well-known Chinook transport helicopters, as well as the C-17 transport and the F/A-18 fighter-bomber.
The job cuts will start with 10 percent of the group’s executives. Boeing didn’t say how many more workers will lose jobs. It will consolidate six divisions of the business into four. Get the full story »
Date for Air Force tanker deal more in flux
The target date for the much-delayed award of a possible $50 billion U.S. Air Force refueling-plane deal just got murkier and potentially more politicized.
No longer is mid-November necessarily the moment of truth in the rematch pitting Chicago-based Boeing Co. against its European rival, Airbus parent EADS. Get the full story »
Boeing wins $8.5M Navy contract
The Boeing Co. has won an $8.5 million order for engineering work to put virtual training systems into aircraft. Get the full story »
Boeing wins $182 million contract for U.S. satellite
Boeing Co. has won a contract worth $182 million to start construction of a seventh military communications satellite for the U.S. Air Force, the Pentagon said on Thursday in its daily digest of major defense contracts.
Three Boeing-built Wideband Global SATCOM satellites are already in orbit, with three more in production. Get the full story »
