October 2, 2009 |
Northrop Grumman Corp. beat out rival Boeing Co. for a $3.8-billion deal to provide logistics services for a fleet of KC-10 aerial refueling tankers, the Pentagon said Thursday. Boeing, based in Chicago, builds the KC-10 and currently holds the current service contract for the plane, which is set to expire in January. It has been providing 24-hour service seven days a week on the aircraft since 1998. Boeing expressed disappointment over the Air Force's selection, saying it would review the decision before taking any further action.
December 9, 2011 |
The National Labor Relations Board dropped its much-disparaged action against Boeing Co. on Friday, a move praised by Republicans as overdue but one that deprives the GOP of one of its most reliable talking points in its criticism of the Obama administration. The NLRB filed a complaint against Boeing in March accusing the aerospace company of establishing a nonunion production line in South Carolina in retaliation against union workers in Washington state for past strikes. The machinists union entered into a new four-year contract extension with Boeing earlier this week and, as part of the deal, agreed to withdraw its unfair labor practices charge against the company.
October 15, 2009 |
When Boeing Co. unveiled plans to build the 787 Dreamliner, the aircraft was touted as revolutionary, a major technological shift in the way a plane is made and in the way it operates. But revolutions rarely come without a struggle. The 787 is now more than two years behind schedule and by some estimates is costing Boeing $4 billion more to develop than planned. The troubled jetliner has also set back other Boeing projects, analysts say, and has left some suppliers financially strapped.
July 6, 2013 |
The type of aircraft flown by Asiana Airlines that crash-landed at San Francisco International Airport on Saturday has long been regarded as one of the safest passenger jets ever developed. Since Boeing rolled out its first 777 to a huge crowd at its manufacturing facility in Everett, Wash., in 1994, more than 1,100 have been built and only one had been in a major accident, with no fatalities. On Saturday, Asiana Flight 214 from Seoul, South Korea, crashed after touching down on Runway 28, killing at least two passengers and injuring dozens of others.
December 23, 2009 |
Despite Boeing's strenuous efforts to reduce the 787 Dreamliner's weight, the plane weighed more than expected when it first rolled out two years ago. Days before the plane's maiden flight last week, Boeing published a document for airlines that suggests to some weight-watching industry analysts that the 787 still exceeds its original target weight by a few tons. Airlines have ordered 840 of the pioneering composite-plastic planes based on Boeing's projections for its range, payload and fuel efficiency -- all reduced by added weight.
April 26, 2012 |
Boeing Co.'s profit soared 58% in its first quarter as it built more efficient planes for airlines struggling with high fuel costs. The Chicago company earned $923 million, or $1.22 a share, compared with $586 million, or 78 cents, during the same period a year earlier. Its revenue boomed 30% to $19.4 billion. Boeing said it delivered 137 commercial planes during the quarter, and it has orders to build more than 4,000 others valued at a record $308 billion. The aircraft maker said it has more than 300 orders for its new fuel-efficient 737 Max jetliner.
December 14, 2011 |
Amid rising airfares and growing airline traffic, Southwest Airlines announced an order of 150 new Boeing jets that are designed to be up to 18% more fuel efficient than many of the older planes being replaced. The order of Boeing 737 MAX aircraft combined with a previous Southwest requisition of 200 new jetliners amounts to the largest plane order in Boeing history. The Dallas airline will be the first to take shipment of the 737 MAX, a narrow-body plane with a larger, quieter and more fuel-efficient engine than older models.
February 24, 2011 |
After a decade of embarrassing missteps and disputes, the Pentagon handed the first phase of a job-rich $35-billion contract to Chicago-based Boeing Co. to build a fleet of 179 aerial refueling tankers that carries the promise of work for an estimated 50,000 aerospace employees. In an announcement that took industry experts by surprise, word came down late Thursday that Boeing had bested archrival Airbus and its parent company European Aeronautic Defense & Space Co., or EADS to build 18 planes for $3.5 billion.
February 25, 1986
Boeing Co. announced that its president, Frank Shrontz, 55, will take on additional duties as chief executive April 28, the date of the Seattle-based company's annual meeting. He will succeed T. A. Wilson, who will remain chairman. Wilson turned 65 this month. Shrontz, who has been with Boeing since 1958, except for stints as assistant secretary of the Air Force and assistant secretary of defense from 1973 to 1976, was named president a year ago.
CALIFORNIA | LOCAL
July 16, 2013 |
Eighty-three of the passengers who were on Asiana Airlines Flight 214 that crash-landed at San Francisco International Airport took steps to sue the aircraft's manufacturer, Boeing, a law firm representing the passengers announced Tuesday. A petition beginning a lawsuit has been filed in Chicago, where Boeing is headquartered, according to a press release from the firm, Chicago-based Ribbeck Law Chartered. Papers will be filed in the coming days against Asiana Airlines and component part manufacturers, attorneys said.