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Aerospace Industry Contracts

March 2, 2000 | Reuters
Boeing Co. told its striking engineers union that contract talks are at an impasse, bringing the aerospace giant one step closer to attempting to impose contract terms on 18,000 workers. The Society of Professional Engineering Employees in Aerospace released a facsimile letter from Boeing's chief negotiator, Geoff Stamper, citing the union's refusal to submit Boeing's final proposal to members for a vote.
December 31, 1999 | From Bloomberg News
Lockheed Martin Corp. has received three contracts valued at about $1.5 billion for production of the F-22 stealth fighter jet, the Air Force said Thursday. Bethesda, Md.-based Lockheed received a $1.23-billion contract to build six more F-22 fighters for testing and a $275-million down payment for another 10. A third contract, valued at $115 million, was awarded for overall continuing manufacturing of the test stealth aircraft.
December 7, 1999
Hawker Pacific Aerospace, Sun Valley, has signed a five-year, $5.7-million contract with China Southern Airlines, Guangzhou, China for landing gear overhaul services for the airline's fleet of B-757s. Hawker repairs and overhauls landing gear, braking systems and other components for the aerospace industry.
October 28, 1999 | Associated Press and Bloomberg News
El Al Israel Airlines Ltd. decided to split an aircraft order between Boeing Co. and Airbus Industrie, allowing the European plane maker to crack the fleet of a prominent all-Boeing customer. El Al gave Boeing an order valued at about $400 million to supply three of its long-range 777s. But the carrier also plans to order three or four Airbus A-330-200 jets to replace some of its Boeing 767s, El Al spokesman Nachman Kleinman said. Israel Radio said the Airbus 330s will cost $250 million.
October 27, 1999 | Associated Press
Boeing Co. and machinist union negotiators reached tentative agreement on a new three-year contract that would provide a pay raise and increased benefits to nearly 2,200 employees in California and Florida. The company and representatives of the International Assn. of Machinists and Aerospace Workers District 725 reached the proposed agreement hours after returning to the bargaining table.
July 19, 1999 | From Bloomberg News
Lockheed Martin Corp. clinched a $2.5-billion warplane order from Israel by promising to pass along more than $1 billion in new contracts for Israeli defense firms, government officials said Sunday. Israeli Prime Minister Ehud Barak, in the midst of his first visit to the United States since his election in May, formally announced the decision to buy 50 F-16 fighter jets from Lockheed, which said Friday that it received approval for the order. Seattle-based Boeing Co.
June 19, 1999 | From Bloomberg News
Boeing Co. on Friday won a $1.9-billion order for 10 of its 777 jetliners from Singapore Airlines Ltd., in part by agreeing to buy some of rival Airbus Industrie's jets in the Asian carrier's fleet. Singapore Airlines said it will exercise options taken in 1995 for the twin-engine 777 jets in return for Boeing's commitment to buy 17 Airbus A340-300s.
June 19, 1999 | Bloomberg News
Lockheed Martin Corp. said it lost an unspecified amount of money as a result of a misplaced comma in a contract to sell C-130J Hercules military-transport aircraft to an international customer. The mistake was made in an equation adjusting the sales price for inflation-rate changes, and the unidentified purchaser insisted on sticking to the terms when inflation turned out to be less than expected, the Financial Times reported Friday.
June 16, 1999 | From Reuters
Boeing Co. announced new business worth more than $5 billion at the Paris Air Show on Tuesday, overtaking Airbus Industrie in the battle for new orders. The rival U.S. and European aircraft makers dominated the third day of the weeklong show, as each sought to back up their competing claims to be top dog in the competitive world of airliner sales. So far at the event, Boeing has announced orders and intentions to buy that total an estimated $7 billion, while Airbus has reported about $2.
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