March 1, 2008 |
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.
February 2, 2008 |
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.
January 15, 2008 |
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.
November 27, 2007 |
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.
November 16, 2007 |
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.
November 13, 2007 |
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.