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.
November 12, 2009 |
After struggling for nearly 15 years to prop up an unusual way to launch satellites into space, Boeing Co. is expected to throw in the towel and walk away from its stake in Long Beach-based Sea Launch Co. Kjell Karlsen, Sea Launch president, said Wednesday that Boeing was likely to have little or no ownership position in the rocket launch company after it emerges from Chapter 11 Bankruptcy Court reorganization early next year. "Based on what Boeing has said to us, I don't expect them to commit any more capital to this venture," Karlsen said.
December 16, 2006
Re "Boeing says runoff rules too strict," Dec. 12 Could Boeing possibly come up with any better way to flaunt its irresponsibility than by requesting a relaxation of runoff limits? And if the State Water Resources Control Board grants an amendment to Boeing's permit, then we can add the board to the list of environmental slackers that have no doubt seen the warning signs of industrial waste -- waters too polluted to swim in, cancers, groundwater contamination -- and made a conscious decision to bend to business interests instead of the safety of local inhabitants and the land.
June 25, 2008 |
Boeing Co. said it was changing its retirement program for new, nonunion workers, replacing its traditional pension plan with one that's similar to a 401(k) plan. The new program, to be introduced Jan. 1, won't affect the more than 525,000 current or former employees or retirees already in the company's existing plans, the Chicago airplane manufacturer said.
December 16, 2004
Re "Transatlantic Dogfight," Editorial, Dec. 10: Considering that the subsidies Airbus receives are obviously designed to destroy Boeing's -- and with it, the U.S.' -- capability to compete in the commercial aircraft market, I find it unbelievable that the Pentagon would even dream of considering Airbus for its aerial tanker fleet. Frank J. Baumann Pasadena
February 14, 2012 |
Chicago-based Boeing Co. finalized what it calls a historic order for 230 aircraft worth $22.4 billion. Lion Air of Indonesia ordered 201 of the Boeing 737 Max planes and 29 next-generation 737-900ERs. The deal also includes purchase rights for an additional 150 airplanes. The order is the largest commercial airplane deal ever for Boeing, measured by both dollar value and total number of airplanes. Lion Air will be the first airline in Asia to fly the 737 Max and the first in the world to take delivery of the 737 Max-900.
January 31, 2011 |
Confirming preliminary reports from September, a World Trade Organization ruling released Monday found Boeing Co. guilty of receiving illegal subsidies. But the amount of the illegal subsidies cited was a fraction of the amount reported in a parallel WTO ruling last year against Airbus, Boeing's main competitor. "The United States is confident that the WTO will confirm the U.S. view that European subsidies to Airbus dwarf any subsidies that the United States provided to Boeing," U.S. Trade Representative spokeswoman Nefeterius McPherson said.
November 17, 2009 |
Boeing Co., whose 787 Dreamliner jet has been delayed more than two years by production difficulties, was sued by investors claiming company executives made misleading public statements about when the aircraft would be flight ready. The city of Livonia, Mich., employees' retirement system filed the complaint Nov. 13 in federal court in Chicago, seeking class-action, or group, status on behalf of all investors allegedly misled by statements made from May 4 to June 22. Also named as defendants were Boeing Chief Executive W. James McNerney and Scott E. Carson, who in August announced he would step down from leading the Chicago-based company's commercial airplane division.
February 23, 2012 |
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.
December 5, 2009 |
For decades, workers at McStarlite Co. in Harbor City pounded billboard-size sheets of metal into doughnut-shaped parts called lipskins that cover the edges of Boeing Co. jet engines. But about 10 years ago, Boeing switched suppliers after McStarlite refused to cut prices to levels that the aerospace giant wanted. To stay afloat, McStarlite turned to Boeing's archrival, Airbus. "I felt betrayed when Boeing left," said Simon Menzies, general manager at McStarlite. "But then Airbus came along and we've been doing business together ever since."