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BUSINESS
January 24, 2003 | From Reuters
Lockheed Martin Corp. topped the list of the biggest U.S. military contractors in fiscal 2002, followed by Boeing Co. and Northrop Grumman Corp. Bethesda, Md.-based Lockheed, long the industry leader, rolled up $17 billion in prime contract awards in the year ended Sept. 30, up from $14.7 billion the year before.
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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.
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 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.
BUSINESS
November 19, 2005 | From Bloomberg News
Boeing Co. won an order for 150 of its 737 aircraft from China in a transaction valued at as much as $9 billion. The contract widens the company's lead over European rival Airbus. China Aviation Supplies Import & Export Group, a state-owned company that buys planes for the nation's airlines, is scheduled to sign the agreement Sunday during a visit to Beijing by President Bush.
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