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.
November 15, 2008 |
Boeing Co. said it was delaying deliveries of its 747-8 freighter and intercontinental airplanes because of design changes, limited engineering resources and an eight-week strike that shut the company's factories. The Chicago-based aerospace firm said the first freighters now would be delivered in the third quarter of 2010 instead of in late 2009, as previously planned. The first passenger planes will be delivered in the second quarter of 2011, rather than in late 2010. Separately, Boeing reached a tentative settlement on a four-year contract covering nearly 21,000 engineers, scientists and technical workers after talks that were delayed by a machinists union strike.
April 8, 1993
Furon Co. said Wednesday that Boeing Co. in Seattle has awarded it two five-year contracts, valued at more than $14 million, to provide specialized aircraft parts. Furon, based in Laguna Niguel, makes rubber and plastic parts for other manufacturers. Under the new agreements, Furon will supply duct assemblies for Boeing's 737, 747, 757 and 767 models. The ducts are used in environmental control systems, which provide heating and air conditioning inside the planes.
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."
August 28, 2009 |
The first Boeing 787 Dreamliner, which is more than two years behind schedule, should fly by year's end, and the first of the largely composite jets will be delivered to All Nippon Airways by the end of 2010, the company announced Thursday. Boeing Co. also intends to take a $2.5-billion pretax charge, or $2.21 a share, for the repeatedly delayed jet. The Chicago-based aerospace manufacturer is writing off the value of the first three Dreamliners it makes after determining there were no takers for planes that were tons overweight and that bear a patchwork of structural fixes.
February 7, 2013 |
A month into investigating a fire that broke out on Boeing Co.'s grounded 787 Dreamliner passenger jets, the National Transportation Safety Board said it found a short-circuit in one of the aircraft's lithium ion batteries and even traced it to a specific cell, but still doesn't have a cause. Speaking to reporters Thursday from Washington, NTSB Chairwoman Deborah Hersman said the agency hasn't reached a conclusion on the cause of the fire that occurred in Boston on Jan. 7. But investigators have been “working around the clock to learn about what happened and why.” The lithium-ion battery system on the 787 is a cluster of eight individual cells packaged together in one box. Hersman said that all mechanical damage to the cells and the battery case occurred after the short-circuiting in Cell No. 6. FULL COVERAGE: Boeing's troubled Dreamliner The battery then experienced “thermal runaway,” a chain reaction in which heat spreads rapidly from cell to cell.
July 9, 2012 |
Los Angeles billionaire Steven Udvar-Hazy opened this year's Farnborough International Airshow in England with a blockbuster order for jets worth $7.2 billion in list-price value from aerospace giant Boeing Co. The chief executive from Air Lease Corp., the aircraft leasing firm in Century City, made a firm order Monday for 75 of Boeing's new, fuel-efficient 737 MAX jets. Air Lease buys aircraft and rent them to airlines worldwide for...
September 15, 2010 |
Boeing Co. received billions of dollars in illegal government subsidies, including $25 million in incentives that Illinois provided the plane maker to relocate its world headquarters to Chicago in 2001, a panel of the World Trade Organization determined. The WTO report is confidential and was released to U.S. and European trade officials Wednesday. It is the first ruling in the second of dueling trade cases filed by the U.S. and European Union against each other last decade alleging that aircraft manufacturers had received unfair government support.
June 26, 2011 |
In the quaint old days, even the most ravenous publicity hounds in Congress would hold off announcing a big investigation until they had something to investigate. As is shown by the furor enveloping a National Labor Relations Board case involving Boeing Co., those days are gone. The NLRB is looking into whether Boeing chose to establish a manufacturing plant for its new 787 airliner in South Carolina to punish its unionized workers in Everett, Wash., which would be illegal.
May 24, 2012 |
A company headed by cellphone pioneer Craig O. McCaw asked the California Supreme Court to reinstate a $603-million fraud and breach-of-contract verdict against Boeing Co., alleging that two appellate justices had conflicts of interest. ICO Global Communications, a subsidiary of Pendrell Corp., said in its appeal filed Wednesday that two state 2nd District Court of Appeal judges considered Boeing's petition to toss out the trial court verdict even though they owned stock in Boeing.