Boeing Co.’s satellite-making operation in El Segundo got a boost Friday, announcing that it won a contract potentially worth about $600 million to build satellites for British telecommunications giant Inmarsat.
Filed under: Defense
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July 21, 2010 at 5:40 a.m.
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Filed under: Defense, International, Litigation, Manufacturing, Policy EU appeals WTO ruling against Airbus
The European Union plans on Wednesday appealed a World Trade Organization ruling that Airbus SAS received $20 billion in illegal government subsidies that unfairly tilted the global aircraft market — to the detriment of Chicago-based Boeing Co. The appeal had been widely expected, and will likely prolong the already long-running dispute between the E.U. and U.S. over government funding to planemakers Airbus and Boeing. Get the full story »
July 20, 2010 at 10:11 a.m.
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Filed under: Airlines, Defense, Internet, Manufacturing, Technology Boeing, Argon deal wins U.S. antitrust approval
Boeing Co. has won U.S. antitrust approval to buy defense manufacturer Argon ST Inc , the Federal Trade Commission said Tuesday.
Boeing said in early June that it would buy Argon for about $775 million to beef up its capabilities in sensors, communications technologies and information management. Get the full story »
July 8, 2010 at 3:20 p.m.
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Filed under: Airlines, Defense, International, Manufacturing, Policy, Politics Boeing a front-runner again for tanker contract
Boeing Co. once again finds itself as the front-runner as Friday’s deadline approaches for submitting proposals for aerial refueling tankers, one of the largest and most controversial contests overseen by the Pentagon.
Although the latest contest hasn’t formally begun, Boeing and its primary competitor, EADS North America Inc., are jockeying for position and exchanging shots over which company’s tanker is the superior entry for the initial $35-billion contract. Their supporters, meanwhile, are wrangling over whether a long-running trade dispute between the U.S. and European Union should also influence the contest’s outcome.
Getting an early jump into the race, EADS submitted its 8,000-page tanker proposal on Thursday. Boeing intends to follow suit early Friday morning, said Boeing spokesman William Barksdale. Get the full story »
Boeing picks up firm to prevent cyber attacks
Boeing announced its second acquisition in as many weeks, saying it will buy anti-cyber attack software company Narus.
Narus will be a wholly owned subsidiary operating in the Network & Space Systems unit of Boeing’s defense business. Narus also will develop smart grid energy projects, as well as help protect Boeing’s in-house computer network, it said. Get the full story »
EADS makes bid on $35B Air Force tanker contract
Airbus parent EADS has submitted a bid to supply refueling tankers to the U.S. Air Force, the company said Thursday.
“We’re proud of our offering, which is the only one in this competition that is flying and refueling the full array of receiver aircraft,” EADS North America Chairman Ralph Crosby said in a statement. Get the full story »
AAR Corp. to provide airlifts to Afghanistan troops
Aerospace supplier AAR Corp. said Thursday it has been selected by the U.S. Transportation Command to provide airlifts for troops and cargo in Afghanistan. The new contract has an initial term of one-year with four one-year renewal options. It’s valued at $24 million per year.
Pentagon pressures Boeing, others to reduce costs
Lockheed Martin Corp. is moving to trim its executive ranks as the Pentagon, its biggest customer, pressures defense contractors to cut overhead costs on huge weapons programs. Lockheed said Tuesday it is offering directors and vice presidents financial incentives to leave voluntarily by Feb. 1.
Defense Secretary Robert Gates said last week that he wants to find savings among the roughly $400 billion the Pentagon will spend this fiscal year on defense contractors. The companies, which also include Northrop Grumman Corp., Raytheon Co. and Boeing Co., among others, provide the military with a wide range of weapons and services.
WTO ruling against Airbus may help Boeing tanker
A B-2 bomber gets refueled over the Pacific. (AP Photo/Master Sgt. Mark Sindiong.)
From Business Week | The WTO’s ruling Wednesday that European governments provided illegal subsidies to Airbus SAS, may make it easier for Congress to select Boeing Co.’s bid in the long-running fight for a $35 billion contract to build refueling tanker for the U.S. Air Force, some analysts have said.
WTO panel slams European Union aid for Airbus
The European Union and some of its states paid prohibited export subsidies to planemaker Airbus and must eliminate them rapidly, a World Trade Organization dispute panel said on Wednesday. The ruling marks a big setback for Airbus, but is not the end of its battle with rival Boeing over subsidies in the market for large civil aircraft worth $3 trillion over the next 20 years.
Boeing hailed the WTO ruling, which did not back all U.S. claims, saying it proved that Airbus had only been able to take market share from Boeing — nudging it out of number one place in the process — because of subsidies. Get the full story »
Boeing agrees to acquire Argon ST
Boeing Co. said it agreed to acquire defense manufacturer Argon ST Inc. for about $775 million to expand its surveillance and intelligence offerings. The planemaker said it plans to fund the deal with existing cash and expects the acquisition to have an immaterial impact on its earnings. Get the full story »
MillerCoors starts program to raise cash for vets
From the Milwaukee Business Journal | MillerCoors LLC. has introduced a bottle cap and can tab collection program that will contribute as much as $1 million in cash and other incentives for those who have served in the wars in Iraq and Afghanistan.
Boeing receives $216M contract to upgrade tankers
Boeing Co. said Wednesday it received a $216 million contract from the U.S. Air Force to upgrade the cockpits in 59 KC-10 tanker aircraft. The upgrades will outfit the aircraft with new communication, navigation, surveillance and air traffic management systems.
Boeing not aiming to underbid EADS on tanker
Reuters | Boeing Co. is likely to bid in the U.S. Air Force refueling plane competition, but its goal is not simply to underbid rival EADS, which could have an advantage because it receives government subsidies, Boeing’s Chief Executive said on Thursday.
“This can be a dangerous situation for Boeing. We have to bid responsibly,” James McNerney said on a webcast of an analyst conference.
House OKs Boeing-backed bill in tanker race
Reuters | The U.S. House of Representatives approved a
Boeing-backed bill that would force consideration of illegal subsidies
in the multibillion-dollar race between Boeing and Europe’s EADS to
sell refueling aircraft to the U.S. Air Force.
The lopsided 410 to 8 vote marked a victory for Chicago-based Boeing
Co. in its drive for a deal to build an initial 179 tanker aircraft
potentially worth up to $50 billion. Boeing and EADS, the corporate parent of Boeing’s commercial archrival,
Airbus, are locked in an increasingly bitter race over the U.S. Air
Force deal.
