BUSINESS
March 1, 2008 | Peter Pae, Times Staff Writer
In a stunning upset that could reshape the nation's aerospace industry, Northrop Grumman Corp. and European partner Airbus were tapped Friday for a $40-billion Pentagon contract to build 179 aerial refueling tankers for the Air Force. Century City-based Northrop upset rival Boeing Co. in a surprising win that analysts said could alter the companies' fortunes and erode the Pentagon's long-standing policy of buying weapons systems made by U.S. companies.
BUSINESS
February 2, 2008 | From Reuters
An Airbus A380, the world's largest airliner, became the first commercial jet aircraft to use alternative fuel Friday, marking a milestone on the road to biofuels. The double-decker A380 needed no modification to use the gas-to-liquid, or GTL, fuel, which was designed to be mixed with regular jet fuel so the airplane "does not know the difference," Airbus said.
BUSINESS
January 15, 2008 | Peter Pae, Times Staff Writer
The competition for the Pentagon's biggest contract in years intensified Monday as European aircraft maker Airbus said it would assemble commercial jets in the U.S. if it won the $40 -billion award to build aerial refueling tankers for the Air Force. The announcement marks the latest effort by Airbus and its partner Century City-based Northrop Grumman Corp. to upset rival Boeing Co. to build the planes that would be used to refuel fighters and bombers in midair.
BUSINESS
November 27, 2007 | From Reuters
Airbus clinched an agreement to sell 160 planes to China on Monday after high-level political intervention rescued Beijing talks that had become stuck on a Chinese offer to buy just 30 jets, French officials said. During a state visit to China by French President Nicolas Sarkozy, the sale of 30 planes, one-fifth the number sold by Sarkozy's predecessor, Jacques Chirac, would have been seen as a flop.
BUSINESS
November 16, 2007 | From Bloomberg News
The world's biggest jetliner is getting even bigger. Airbus said Thursday it planned to build a 900-seat version of its A380 super-jumbo jet. Emirates, the aircraft's biggest customer, said it would buy the new model. Airbus will begin developing a "stretch" A380 after the standard plane reaches full production in 2010, Chief Operating Officer John Leahy said. Airbus has 191 orders for the 555-seat A380, including 58 from Emirates.
BUSINESS
November 13, 2007 | From Bloomberg News
Airbus on Monday forecast record orders this year, putting it on course to beat Boeing Co., after securing more than $50 billion in commitments at the Dubai Air Show. Orders should surpass the 1,111 amassed in 2005, Chief Executive Tom Enders said. Boeing, which had 956 orders through Oct. 6 and does not forecast orders, is within 66 planes of having its third straight record year. The contracts won in Dubai are a boost for Toulouse, France- based Airbus as it struggles to end losses after a $6.