July 6, 2010 at 3:55 p.m.
Filed under:
Airlines,
Defense,
Manufacturing
By Associated Press
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.
June 30, 2010 at 10:04 a.m.
Filed under:
Defense,
International,
Politics
By Reuters
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 »
June 25, 2010 at 10:16 a.m.
Filed under:
Airlines,
Airplanes,
Manufacturing
By Associated Press
A chase plane flies beside a Boeing 787 airplane on Dec. 15, 2009. (AP Photo/Ted S. Warren, file)
Boeing Co. says it inspecting all of its 787 jets after finding that some have improperly installed parts in a section of the tail.
In a statement late Thursday Boeing said it had ”identified a workmanship issue” with the horizontal tail, also called a stabilizer. Shims and fasteners weren’t installed correctly, the aircraft maker said. The stabilizer, the smaller wing on the plane’s tail, is built by Italian manufacturer Alenia.
Boeing said inspections will take one to two days. Any work required will take up to eight days for each plane. Get the full story »
June 23, 2010 at 3:09 p.m.
Filed under:
Manufacturing,
Politics
By Associated Press
Airplane maker and defense contractor Boeing Co. spent more than $4.1 million in the first quarter to lobby the federal government on aerospace and defense issues, according to a recent disclosure report.
The lobbying tab was 69 percent higher than the $2.4 million Boeing spent on lobbying during the first quarter of 2009.
Get the full story »
