News Topic - Boeing
Articles 51 - 60 of most recent articles
Union Support Grows for Boeing Tanker
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PR Newswire – Jun 26, 2008 8:37 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
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PR Newswire – Jun 26, 2008 8:37 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
Boeing 737 Component Services Program to Help Caribbean Airlines Cut Costs
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PR Newswire – Jun 26, 2008 7:09 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
Read full story for latest details.
PR Newswire – Jun 26, 2008 7:09 PM [GMT] ¦ comment?
found in Top Stories: Press Releases
Boeing stock drop affects incentive plan
Associated Press - June 26, 2008 1:34 PM ET CHICAGO (AP) - Boeing shares reached a 2-year low today, a day after an analyst downgraded his rating of the aerospace company.
WANDtv.com – Jun 26, 2008 5:34 PM [GMT] ¦ comment?
found in Local: Illinois: Champaign-Springfield-Decatur
Associated Press - June 26, 2008 1:34 PM ET CHICAGO (AP) - Boeing shares reached a 2-year low today, a day after an analyst downgraded his rating of the aerospace company.
WANDtv.com – Jun 26, 2008 5:34 PM [GMT] ¦ comment?
found in Local: Illinois: Champaign-Springfield-Decatur
Boeing stock price slumps days before magic bonus day
Goldman Sachs analyst downgrades Boeing stock rating to "sell" as 80,000 Boeing current and former workers in Washington state await word on the payout for a company incentive program that hinges on Monday's stock price.
The Seattle Times – Jun 26, 2008 5:02 PM [GMT] ¦ comment?
found in Local: Washington: Seattle-Tacoma
Goldman Sachs analyst downgrades Boeing stock rating to "sell" as 80,000 Boeing current and former workers in Washington state await word on the payout for a company incentive program that hinges on Monday's stock price.
The Seattle Times – Jun 26, 2008 5:02 PM [GMT] ¦ comment?
found in Local: Washington: Seattle-Tacoma
Disaster Drill at Savannah/Hilton Head International
Full-Scale Airport Emergency Plan Exercise simulates the crash of a Boeing 737
WSAV.com – Jun 26, 2008 4:11 PM [GMT] ¦ comment?
found in Local: Georgia: Savannah
Full-Scale Airport Emergency Plan Exercise simulates the crash of a Boeing 737
WSAV.com – Jun 26, 2008 4:11 PM [GMT] ¦ comment?
found in Local: Georgia: Savannah
Gates gets involved in tanker contract fight
Gates says he will get involved after last week's decision that Boeing get the KC 45 tanker contract.
nbc15online.com – Jun 26, 2008 3:03 PM [GMT] ¦ comment?
found in Local: Alabama: Mobile
Gates says he will get involved after last week's decision that Boeing get the KC 45 tanker contract.
nbc15online.com – Jun 26, 2008 3:03 PM [GMT] ¦ comment?
found in Local: Alabama: Mobile
GAO Releases Full Report On The Boeing Tanker Protest
The Goverment Accountability Office has released it's full report on the Boeing protest of the Tanker contract to Northrop-Grumman. Click on the headline to read the full text of the report.
WLOX - TV – Jun 26, 2008 2:53 PM [GMT] ¦ comment?
found in Local: Mississippi: Biloxi-Gulfport
The Goverment Accountability Office has released it's full report on the Boeing protest of the Tanker contract to Northrop-Grumman. Click on the headline to read the full text of the report.
WLOX - TV – Jun 26, 2008 2:53 PM [GMT] ¦ comment?
found in Local: Mississippi: Biloxi-Gulfport
Boeing shares look cheap with years of work ahead: analyst
NEW YORK (MarketWatch) -- Boeing Co. shares are now looking cheap ahead of anticipated profit growth into 2012, said Bernstein Research in an investor note Thursday. The Chicago-based aircraft manufacturer has fallen out of favor with many investors on concerns its customers might cancel new plane orders because of a weaker economy. But even if its backlog were slashed by 30%, the company would still have years of work ahead of it, the investment firm said. "Demand for new aircraft remains tight," Bernstein said. "If we see economic weakness in 2011-12, that would be a real point of concern because large quantities of new airplanes would have already been placed in the market." Bernstein reaffirmed its outperform rating on Boeing shares with a $92 price target. Shares on Wednesday closed at $69.64, down 6.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jun 26, 2008 1:18 PM [GMT] ¦ comment?
found in Business: Markets
NEW YORK (MarketWatch) -- Boeing Co. shares are now looking cheap ahead of anticipated profit growth into 2012, said Bernstein Research in an investor note Thursday. The Chicago-based aircraft manufacturer has fallen out of favor with many investors on concerns its customers might cancel new plane orders because of a weaker economy. But even if its backlog were slashed by 30%, the company would still have years of work ahead of it, the investment firm said. "Demand for new aircraft remains tight," Bernstein said. "If we see economic weakness in 2011-12, that would be a real point of concern because large quantities of new airplanes would have already been placed in the market." Bernstein reaffirmed its outperform rating on Boeing shares with a $92 price target. Shares on Wednesday closed at $69.64, down 6.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jun 26, 2008 1:18 PM [GMT] ¦ comment?
found in Business: Markets
Gates wants fast resolution on tanker
Defense Secretary Robert Gates vowed Wednesday to find a quick resolution to the U.S. Air Force tanker controversy, saying he would intervene in a heated political dispute over the potential $40 billion contract. Gates met Wednesday with Pentagon lawyers, Air Force officials and John Young, the under secretary of defense for acquisitions, to discuss the contract in the wake of a stinging review last week by the Government Accountability Office. The watchdog agency on Wednesday released a detailed explanation of its ruling, saying Boeing Co. might have won the coveted deal over rival Northrop Grumman Corp. if the Air Force conducted a fair competition."We believe that Boeing would have had a substantial chance of being selected" if not for mistakes made by the Air Force, GAO said in a 67-page report.The Air Force is continuing to review GAO's recommendations, which are not binding but could carry heavy influence in Congress. A new tanker competition could take a year or longer to complete, depriving the Air Force of its top priority at a time of war. The 179-plane contract, awarded to Northrop on Feb. 29, is designed as the first of three phases to replace the Air Force's aging fleet of more than 500 KC-135 Stratotankers, which average nearly 50 years in service.Gates "wants to make sure that there are no further delays to replacing this vitally important piece of equipment on which our warfighters depend every single day," said Pentagon spokesman Geoff Morrell, adding that Gates will be involved in any decisions about the contract.Chicago-based Boeing challenged the tanker contract in a protest before GAO, which last week issued a three-page statement saying that the Air Force's selection process was flawed. It recommended that the Air Force conduct a new contest.GAO's full report, released Wednesday after both companies were allowed to remove proprietary information, said the Air Force's selection of Northrop "was undermined by a num ber of prejudicial errors that call into question the Air Force's decision."Los Angeles-based Northrop and its bidding partner, EADS North America, planned to assemble their KC-45 tankers in a $600 million factory to be constructed at Mobile's Brookley Field Industrial Complex. Those plans are on hold while the Air Force sorts out its options, but a military trade publication reported Wednesday that Mobile may yet win the project.DefenseTech.org, a Web site that covers the military, said senior Pentagon and Air Force officials were ready to go ahead and award the work to Northrop. The online publication, citing unnamed sources, said Young, the Pentagon's chief weapons buyer, was drafting a letter to Congress defending the Air Force's selection. "Their finding is that the full document is quite different from the summary," issued last week, DefenseTech.org reported, quoting an anonymous source. The source said Air Force leaders believe many of GAO's recommendations were "procedural" and could be resolved without rebidding the deal.U.S. Sen. Patty Murray, D-Wash., a Boeing political supporter, said any suggestion that the Air Force move forward without addressing GAO's recommendations "is simply unbelievable." U.S. Rep. Norm Dicks, D-Wash., said that if the Air Force didn't rebid the contract, Congress would force it to.Boeing planned to assemble its KC-767 tankers in Everett, Wash., and modify them for military use in Wichita, Kan. A delegation of Kansas politicians on Wednesday urged Gates to cancel the contract with Northrop, disqualify the company from future competition and hand the deal to Boeing. "We believe the (Pentagon) has the authority to award the contract to Boeing based on their competitive proposal," the Kansas officials wrote in a letter dated Wednesday. The letter, signed by U.S. Sens. Pat Roberts and Sam Brownback and U.S. Rep. Todd Tiahrt, all Republicans, also warned Gates not to split the contract between the two bidders.Alabama elected officials said only the Air Force -- not GAO or Congress -- was qualified to select the planes it flies."The Air Force will need to address the concerns of the report, but, in the end, it is critical that they be allowed to choose the tanker that best meets their needs and requirements," said U.S. Sen. Jeff Sessions, R-Mobile.GAO's ruling "was not an indictment of the Northrop Grumman/EADS offering; it was merely a reflection on the apparently flawed Air Force acquisition process," said U.S. Sen. Richard Shelby, R-Tuscaloosa. "I am hopeful that after further review the Air Force will again determine that the KC-30 is the best solution for our armed forces."(Press-Register reporter Sean Reilly contributed to this report.)
al.com - Everything Alabama – Jun 26, 2008 12:30 PM [GMT] ¦ comment?
found in Local: Alabama: Mobile
Defense Secretary Robert Gates vowed Wednesday to find a quick resolution to the U.S. Air Force tanker controversy, saying he would intervene in a heated political dispute over the potential $40 billion contract. Gates met Wednesday with Pentagon lawyers, Air Force officials and John Young, the under secretary of defense for acquisitions, to discuss the contract in the wake of a stinging review last week by the Government Accountability Office. The watchdog agency on Wednesday released a detailed explanation of its ruling, saying Boeing Co. might have won the coveted deal over rival Northrop Grumman Corp. if the Air Force conducted a fair competition."We believe that Boeing would have had a substantial chance of being selected" if not for mistakes made by the Air Force, GAO said in a 67-page report.The Air Force is continuing to review GAO's recommendations, which are not binding but could carry heavy influence in Congress. A new tanker competition could take a year or longer to complete, depriving the Air Force of its top priority at a time of war. The 179-plane contract, awarded to Northrop on Feb. 29, is designed as the first of three phases to replace the Air Force's aging fleet of more than 500 KC-135 Stratotankers, which average nearly 50 years in service.Gates "wants to make sure that there are no further delays to replacing this vitally important piece of equipment on which our warfighters depend every single day," said Pentagon spokesman Geoff Morrell, adding that Gates will be involved in any decisions about the contract.Chicago-based Boeing challenged the tanker contract in a protest before GAO, which last week issued a three-page statement saying that the Air Force's selection process was flawed. It recommended that the Air Force conduct a new contest.GAO's full report, released Wednesday after both companies were allowed to remove proprietary information, said the Air Force's selection of Northrop "was undermined by a num ber of prejudicial errors that call into question the Air Force's decision."Los Angeles-based Northrop and its bidding partner, EADS North America, planned to assemble their KC-45 tankers in a $600 million factory to be constructed at Mobile's Brookley Field Industrial Complex. Those plans are on hold while the Air Force sorts out its options, but a military trade publication reported Wednesday that Mobile may yet win the project.DefenseTech.org, a Web site that covers the military, said senior Pentagon and Air Force officials were ready to go ahead and award the work to Northrop. The online publication, citing unnamed sources, said Young, the Pentagon's chief weapons buyer, was drafting a letter to Congress defending the Air Force's selection. "Their finding is that the full document is quite different from the summary," issued last week, DefenseTech.org reported, quoting an anonymous source. The source said Air Force leaders believe many of GAO's recommendations were "procedural" and could be resolved without rebidding the deal.U.S. Sen. Patty Murray, D-Wash., a Boeing political supporter, said any suggestion that the Air Force move forward without addressing GAO's recommendations "is simply unbelievable." U.S. Rep. Norm Dicks, D-Wash., said that if the Air Force didn't rebid the contract, Congress would force it to.Boeing planned to assemble its KC-767 tankers in Everett, Wash., and modify them for military use in Wichita, Kan. A delegation of Kansas politicians on Wednesday urged Gates to cancel the contract with Northrop, disqualify the company from future competition and hand the deal to Boeing. "We believe the (Pentagon) has the authority to award the contract to Boeing based on their competitive proposal," the Kansas officials wrote in a letter dated Wednesday. The letter, signed by U.S. Sens. Pat Roberts and Sam Brownback and U.S. Rep. Todd Tiahrt, all Republicans, also warned Gates not to split the contract between the two bidders.Alabama elected officials said only the Air Force -- not GAO or Congress -- was qualified to select the planes it flies."The Air Force will need to address the concerns of the report, but, in the end, it is critical that they be allowed to choose the tanker that best meets their needs and requirements," said U.S. Sen. Jeff Sessions, R-Mobile.GAO's ruling "was not an indictment of the Northrop Grumman/EADS offering; it was merely a reflection on the apparently flawed Air Force acquisition process," said U.S. Sen. Richard Shelby, R-Tuscaloosa. "I am hopeful that after further review the Air Force will again determine that the KC-30 is the best solution for our armed forces."(Press-Register reporter Sean Reilly contributed to this report.)
al.com - Everything Alabama – Jun 26, 2008 12:30 PM [GMT] ¦ comment?
found in Local: Alabama: Mobile
Today's eye-openers: Highlights from Thursday's Birmingham News
Report states errors might have led to Northrop Grumman Corp. winning the $35 billion contract to build new refueling tankers. Watch video of Mayor Larry Langford discussing the renaming of the Birmingham International Airport and read about Birmingham-area traffic cams and see them in real time. UA basketball star Richard Hendrix says he's ready for the draft. Alabama bank stocks consistently take a beating. HOT TOPICSThe Birmingham News/Joe SongerJeremy Art, a C-SPAN marketing representative, left, talks with a tour group Wednesday as it visits the C-SPAN 2008 campaign tour bus during a stop at the Birmingham Civil Rights Institute in downtown Birmingham. Groups of 10 climbed on to the bus for 15-minute tours on what makes C-SPAN different from other news broadcasters. "We aren't trying to be entertaining," Art told them. The network dedicates itself to commercial-free public affairs coverage. It airs uninterrupted programs of House of Representatives and Senate meetings and entire political speeches. It is a nonprofit network paid for by the cable industry.The conclusion of a 67-page government opinion is that but for the errors, "Boeing would have had a substantial chance" of winning the competition for an Air Force refueling tanker. Read it.Birmingham airport board members say they want to rename Alabama's largest airport Birmingham Shuttlesworth International Airport. Read the article and watch Mayor Larry Langford and the airport authority directors discuss renaming the airport. Internet feeds from a dozen Birmingham-area traffic cameras were first offered in spring 2006, and the service is being expanded in Birmingham. Read it. To see all 53 traffic cams for the Birmingham area, go to al.com/traffic, where you can also link to live drive-time data and information on road construction, emergencies and gasoline prices. MORE NEWSSPORTS OPENERSThe endless questions of where former Alabama basketball star Richard Hendrix will be drafted ends tonight. And he says he's ready, no matter what happens. Read it.The unexpected death of a motorsports figure such as Scott Kalitta always turns into a battle among those speculating as to what the proper response should be, writes columnist Mike Bolton. Read it.MORE SPORTSBUSINESS OPENERSPick almost any period -- a given day, week, month, or even the past year -- and chances are Alabama bank stocks will dominate the list of Top 10 losers among the 35 publicly traded companies tracked by the Bloomberg Alabama Index. Read it.MORE BUSINESSOPINION OPENERSState Sen. Phil Poole, snorting around because Gov. Bob Riley killed $1 million in Poole pork, struck back by killing a bill that would help intercept runaway steel coils. Read it.
al.com - Everything Alabama – Jun 26, 2008 10:51 AM [GMT] ¦ comment?
found in Local: Alabama: Birmingham
Report states errors might have led to Northrop Grumman Corp. winning the $35 billion contract to build new refueling tankers. Watch video of Mayor Larry Langford discussing the renaming of the Birmingham International Airport and read about Birmingham-area traffic cams and see them in real time. UA basketball star Richard Hendrix says he's ready for the draft. Alabama bank stocks consistently take a beating. HOT TOPICSThe Birmingham News/Joe SongerJeremy Art, a C-SPAN marketing representative, left, talks with a tour group Wednesday as it visits the C-SPAN 2008 campaign tour bus during a stop at the Birmingham Civil Rights Institute in downtown Birmingham. Groups of 10 climbed on to the bus for 15-minute tours on what makes C-SPAN different from other news broadcasters. "We aren't trying to be entertaining," Art told them. The network dedicates itself to commercial-free public affairs coverage. It airs uninterrupted programs of House of Representatives and Senate meetings and entire political speeches. It is a nonprofit network paid for by the cable industry.The conclusion of a 67-page government opinion is that but for the errors, "Boeing would have had a substantial chance" of winning the competition for an Air Force refueling tanker. Read it.Birmingham airport board members say they want to rename Alabama's largest airport Birmingham Shuttlesworth International Airport. Read the article and watch Mayor Larry Langford and the airport authority directors discuss renaming the airport. Internet feeds from a dozen Birmingham-area traffic cameras were first offered in spring 2006, and the service is being expanded in Birmingham. Read it. To see all 53 traffic cams for the Birmingham area, go to al.com/traffic, where you can also link to live drive-time data and information on road construction, emergencies and gasoline prices. MORE NEWSSPORTS OPENERSThe endless questions of where former Alabama basketball star Richard Hendrix will be drafted ends tonight. And he says he's ready, no matter what happens. Read it.The unexpected death of a motorsports figure such as Scott Kalitta always turns into a battle among those speculating as to what the proper response should be, writes columnist Mike Bolton. Read it.MORE SPORTSBUSINESS OPENERSPick almost any period -- a given day, week, month, or even the past year -- and chances are Alabama bank stocks will dominate the list of Top 10 losers among the 35 publicly traded companies tracked by the Bloomberg Alabama Index. Read it.MORE BUSINESSOPINION OPENERSState Sen. Phil Poole, snorting around because Gov. Bob Riley killed $1 million in Poole pork, struck back by killing a bill that would help intercept runaway steel coils. Read it.
al.com - Everything Alabama – Jun 26, 2008 10:51 AM [GMT] ¦ comment?
found in Local: Alabama: Birmingham