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BUSINESS
March 1, 2010 | By W.J. Hennigan
For sale: a mammoth four-engine plane that can haul 60-ton tanks, troops and medical gear across continents and still land on short, shoddy runways. Price: about $240 million; volume discounts are available. If interested, please contact Boeing Co. at your nearest air show. That's the sales pitch that Boeing officials have been making worldwide recently, in hopes of keeping its sprawling C-17 assembly line in Long Beach from closing in two years. The plant, adjacent to Long Beach Airport, employs about 5,000 people and is one of the last remaining aircraft plants in Southern California.
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BUSINESS
May 24, 2012 | By Ryan Faughnder, Los Angeles Times
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.
BUSINESS
December 12, 2007 | From Bloomberg News
Boeing Co. said Tuesday that it was still working through "wrinkles" in the supply chain for its new 787 Dreamliner and hoped to deliver the first aircraft in late 2008. There are still "significant supply-chain wrinkles," said Scott Carson, chief of Boeing's commercial airplane group. Parts shortages are declining and there's greater availability of fasteners needed to assemble the aircraft, Chicago-based Boeing said.
BUSINESS
November 5, 2008 | Times Wire Services
Boeing Co. will delay the first test flight of the 787 Dreamliner beyond the fourth quarter because of the just-ended machinists strike. No new time frame for the flight has been established, a spokeswoman for the Chicago company said. The 787 had already been delayed three times and was 15 months late before an eight-week-long machinists strike that ended Sunday. Boeing said Tuesday that the program suffered another setback after it discovered that about 3% of the fasteners used to hold the jets together had been improperly installed.
BUSINESS
October 1, 1997 | James S. Granelli
Despite pressure from public officials to expand its operations in Southern California,Boeing Co. said it will build its new Delta IV rocket manufacturing plant in Decatur, Ala. The giant Seattle aerospace company said it chose the site for its 2-million-square-foot plant, which will employ up to 3,000 workers, because it was the most cost-effective. The new plant will build the common booster core for the latest version of the Delta rockets in a competition for the $1.
BUSINESS
October 1, 2005 | From Reuters
Boeing Co. apologized Friday for a mistakenly published ad for its V-22 Osprey aircraft that showed troops dropping onto the roof of a mosque in what appeared to be a simulated battle scene. The ad, coming amid concern among Muslims over U.S. military action in Iraq and Afghanistan, prompted immediate complaints from the Council on American-Islamic Relations. But Chicago-based Boeing, which created the V-22 with Bell Helicopter, a unit of Textron Inc.
BUSINESS
January 20, 2011 | By W.J. Hennigan, Los Angeles Times
Time is running out at Southern California's last major conventional aircraft factory. Citing declining orders for its C-17 cargo planes, Boeing Co. said it was cutting 900 of the 3,700 jobs at its sprawling Long Beach plant. Barring congressional intervention or a spate of foreign orders — which analysts say is unlikely — the factory is expected to shut down completely by the end of next year. "There's just not that much of a market for this aircraft," said Scott Hamilton, an aviation industry consultant in Issaquah, Wash.
BUSINESS
January 29, 1985
Boeing Co. reported sharply higher earnings for the year, citing an extraordinary gain for much of the improvement. For all of 1984, the aircraft maker said earnings from operations rose to $390 million from $355 million in 1983. But last year, a $397-million gain related to a change in tax law lifted 1984 net income to $787 million. The tax-law change, affecting certain companies with export operations, forgives taxes on previously tax-deferred earnings of export units.
NATIONAL
November 3, 2008 | TIMES WIRE REPORTS
Factories at Boeing Co. were expected to start humming again after machinists union members voted to end an eight-week strike that clipped profits and stalled deliveries by the world's No. 2 commercial airplane maker. Workers were expected to return Sunday night to Boeing's commercial airplane factories, which have been closed since the Sept. 6 walkout. The strike cost an estimated $100 million a day in deferred revenue and production delays on the company's highly anticipated next-generation passenger jet. Members of the union, which represents about 27,000 workers at plants in Washington state, Oregon and Kansas, ratified the new contract Saturday, voting about 74% in favor five days after the two sides tentatively agreed to the deal and union leaders recommended its approval.
BUSINESS
May 24, 1989 | From Times wire services
All Nippon Airways Co. Ltd. said today it ordered 10 Boeing 767-300 airliners and took options to buy 10 more in a deal potentially worth $1.5 billion. The first plane was scheduled for delivery to ANA in 1990, with deliveries through 1995, airline spokesman Tim Winship said in Los Angeles. Boeing and its sole U.S. competitor in the civilian airliner market, McDonnell Douglas Corp., are awash in big orders prompted largely by growth in the international airline business. In February, ANA ordered 20 747-400s for $3.2 billion.
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