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BUSINESS
March 19, 2005 | From Associated Press
Boeing Co. said the executive whose affair with Chief Executive Harry C. Stonecipher led to his ouster last week had voluntarily resigned. Debra Peabody, 48, who managed office operations for Boeing in Washington and became involved with Stonecipher at a company retreat in California in January, resigned Thursday. Boeing declined to elaborate.
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BUSINESS
December 28, 2005 | From Reuters
The U.S. Navy awarded Textron Inc.'s Bell Helicopter unit and Boeing Co. a $1-billion contract to buy components for 16 V-22 tilt-rotor aircraft through September 2009. The Pentagon had decided in September to accelerate production of the V-22, or Osprey.
BUSINESS
July 11, 2008 | From Times Wire Services
Boeing Co. said its second-quarter results would be hurt by a 22-cent-a-share charge for previously reported delays on a program to convert commercial aircraft to military surveillance planes. Boeing still forecasts profit of $5.70 to $5.85 a share this year and $6.80 to $7 in 2009, the Chicago-based company said.
BUSINESS
March 19, 2005 | From Bloomberg News
Boeing Co. gave pay raises last year to Alan Mulally and James Albaugh, who might be contenders to replace ousted Chief Executive Harry C. Stonecipher. Mulally, 59, head of Boeing's commercial-plane unit, had his salary and bonus boosted 7% to $1.29 million. Albaugh, 54, who leads the company's military division, got a 42% increase to $1.37 million, Boeing said in a government filing.
BUSINESS
January 12, 2006 | From Bloomberg News
Boeing Co. will spend $100 million to set up an aircraft maintenance facility in India as more carriers in the country purchase airplanes to expand. Boeing also agreed to spend 85 billion rupees ($1.9 billion) for equipment from India after Air India Ltd., the nation's biggest overseas airline, agreed to buy $11 billion worth of planes. Airlines in India ordered more than 200 planes valued at $24 billion last year.
BUSINESS
April 13, 2014 | By W.J. Hennigan
A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin Corp., in a fight for military contracts worth as much as $70 billion through 2030. For eight years, the Pentagon has paid Boeing and Lockheed - operating jointly as United Launch Alliance - to launch the government's pricey spy satellites without seeking competitive bids.
BUSINESS
October 18, 2013 | Bloomberg News
A former Boeing Co. procurement officer and three other people were indicted by a federal grand jury and accused of engaging in a bribery and kickback scheme, a federal prosecutor said. The ex-procurement officer allegedly leaked nonpublic information to bidders for contracts on military aircraft parts in exchange for cash, the office of U.S. Atty. Richard Callahan in St. Louis said in a statement. The grand jury indicted former Boeing executive Deon Anderson; Jeffrey Lavelle, who owned Everett, Wash., bidder J.L. Manufacturing; and an outside consultant for J.L., Robert Diaz.
BUSINESS
April 7, 2005 | From Bloomberg News
European plane manufacturer Airbus said it delivered 87 commercial aircraft to customers during the first quarter, beating Boeing Co., which delivered 70 planes in the period. Airbus also came out ahead of its Chicago-based rival on new orders. Airbus said it received signed contracts for 123 jetliners in the first three months, compared with 44 for Boeing.
BUSINESS
December 16, 2005 | From Bloomberg News
The Air Force and Pentagon are close to deciding whether they will recommend approving a rocket-launch joint venture between Lockheed Martin Corp. and Boeing Co., Deputy Air Force Secretary Ronald Sega said. The Federal Trade Commission is awaiting the recommendation before it determines whether the venture, called the United Launch Alliance, complies with antitrust laws.
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