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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.
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BUSINESS
January 31, 2011 | By Dominic Gates
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.
BUSINESS
August 15, 2009 | Sholnn Freeman, Freeman writes for the Washington Post.
Boeing says it has halted production of large fuselage sections for the 787 Dreamliner, the latest problem for a delay-plagued airplane that the aerospace giant is counting on to be its next big moneymaker. Analysts have described the design of the 787 as revolutionary, due in large part to the use of advanced composite materials aimed at making the plane lighter and more fuel-efficient. But the design, coupled with a production shift that relies heavily on outside vendors, has put the 787 nearly two years behind schedule.
BUSINESS
November 12, 2009 | W.J. Hennigan
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.
BUSINESS
September 26, 2011 | By W.J. Hennigan, Los Angeles Times
At long last, Boeing Co.'s first 787 Dreamliner is set to be delivered Monday to Japanese carrier All Nippon Airways Co., ending the anticipation among aviation enthusiasts who thought this day might never come. A celebration of the first delivery will be held Monday in Everett, Wash. A webcast and live satellite feed will include special activities at the Boeing's plant there with Boeing and All Nippon's employees and executives. The first passenger flight is scheduled for Oct. 26. Once expected by May 2008, delivery has been delayed several times, and passenger-ready planes are now expected on the runway by fall.
BUSINESS
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.
BUSINESS
November 17, 2009 | Bloomberg News
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.
BUSINESS
October 23, 2011 | By W.J. Hennigan, Los Angeles Times
The gig: As vice president and general manager of Boeing Co.'s space and intelligence systems, Craig R. Cooning, 60, leads one of the world's largest satellite operations with major facilities in El Segundo and Seal Beach. A retired Air Force two-star general who oversaw military purchases of rockets and satellites, Cooning now oversees 6,400 employees, including workers at Boeing's 1 million-square-foot facility in El Segundo near Los Angeles International Airport. It is there that the company builds school bus-size satellites that provide the military with high-definition video, radio communications and data services.
OPINION
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.
BUSINESS
June 25, 2008 | From Times Staff and Wire Services
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.
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