BUSINESS
April 25, 2012 | By Tiffany Hsu
The Boeing Co. raked in 58% more income in its first quarter as it builds more efficient planes for airlines struggling with high fuel costs. The company earned $923 million, or $1.22 per share, compared with $586 million, or 78 cents a share, during the same period a year earlier. Its revenue boomed 30% to $19.4 billion. During the quarter, Boeing delivered 137 commercial planes and said it has orders to build more than 4,000 others valued at a record $308 billion.
BUSINESS
April 15, 2012 | By W.J. Hennigan, Los Angeles Times
Most weekdays, Jarrad Sims and Tin Tam, a pair of college buddies, ride their bikes to a computer center and try to hack into computer security systems belonging to Boeing Co. Rather than having them arrested, Boeing is paying them to do it - a situation that the car-loving, video-gaming friends have pronounced "awesome. " For two years, the young engineers have worked side by side in a secluded unit where they design and thoroughly test ironclad security systems for the largest aerospace company in the world.
NATIONAL
April 6, 2012 | By Dalina Castellanos
The type of jet that crashed into a Virginia Beach neighborhood Friday, the F/A-18 Hornet, is familiar to many Americans. It's been a workhorse of the U.S. military for almost 30 years -- not to mention the jet of choice for the Blue Angels, the Navy's aerobatic team. The twin-engine aircraft was introduced in 1983 as the replacement for the military's F-14 Tomcat, which reached notoriety in the movie “Top Gun.” The F/A-18 played a prominent role in Operation Desert Storm in the 1990s.
BUSINESS
March 14, 2012 | By W.J. Hennigan, Los Angeles Times
Gov. Jerry Brown sat down in the captain's chair inside the cockpit of a Boeing C-17 Globemaster III cargo jet and gazed at an array of gauges and dials spread out before him. At one point he turned to Bob Ciesla, Boeing's C-17 program manager, and asked: "Is this where it's built?" Ciesla confirmed that Long Beach was the manufacturing site - and that the company has struggled in recent years to keep the plant operating. He didn't seem to mind that the governor did not know that the military's workhorse cargo jet has been built here since the early 1990s.
BUSINESS
March 13, 2012 | By W.J. Hennigan, Los Angeles Times
In an estimated $1-billion boost to the Southland aerospace industry, satellite maker Boeing Co. and rocket firm Space Exploration Technologies Corp., better known as SpaceX, announced plans to build and launch four satellites for telecommunications firms in Mexico and Hong Kong. The companies' joint satellite order will help preserve high-paying engineering jobs in the South Bay and throws a lifeline to hundreds of smaller aerospace suppliers feeling an economic pinch with Pentagon and NASA budget cuts on the horizon.
BUSINESS
February 23, 2012 | By W.J. Hennigan, Los Angeles Times
Boeing Co. has discovered a flaw in fuselage sections that may affect 55 of its new 787 Dreamliner jets and slow some deliveries, James Albaugh, Boeing's chief executive for commercial airplanes, said Wednesday. The Dreamliner is an all-new commercial jet that is largely made of lightweight carbon composites rather than sheets of aluminum. The plane made its first passenger flight with All Nippon Airways in October, but it was more than three years late because of design problems and supplier issues.