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BUSINESS
November 6, 2013 | By W.J. Hennigan
A wide-ranging multibillion-dollar package of incentives comes before Washington state lawmakers Thursday as the state scrambles to ensure that aerospace giant Boeing Co. will build its next major jetliner in the Seattle area. The company's Long Beach plant, which is now set for closure in 2015, had been rumored as a long-shot site for the work. But Tuesday, Washington Gov. Jay Inslee called the Legislature into a special session that begins Thursday to pass a package of bills that includes more than $8 billion in tax savings for Boeing to build the next-generation version of the 777 wide-body jet in Puget Sound.
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BUSINESS
November 5, 2013 | By W.J. Hennigan
Washington Gov. Jay Inslee announced a special session of the state legislature to approve a multifaceted incentive package that would ensure Boeing Co. will build its new 777 commercial jet in the state. Over the last several weeks, rumors have swirled in the aerospace industry about where thousands of workers would build the next-generation version of the plane, dubbed 777X, and its massive carbon fiber wing over the next several decades.   The special session beginning Thursday centers around approving a plan that guarantees 777 manufacturing will remain in the Puget Sound region.
CALIFORNIA | LOCAL
October 28, 2013 | By Samantha Schaefer
Dozens of people with handfuls of confetti quietly crowded into the front room of Elinor Otto's family home, waiting to surprise the birthday girl. The Boeing "Rosie the Riveter," who turned 94 on Monday, stepped through the door, open-mouthed, to choruses of “Surprise!” and “Happy birthday!” as loved ones feted her at a weekend party in Long Beach. Lt. Col. Bob Friend , a 93-year-old Tuskegee Airman, presented Otto with a rose corsage as she pointed to familiar faces shouting, “Oh!
BUSINESS
October 18, 2013 | Bloomberg News
A former Boeing Co. procurement officer and three other people were indicted by a federal grand jury and accused of engaging in a bribery and kickback scheme, a federal prosecutor said. The ex-procurement officer allegedly leaked nonpublic information to bidders for contracts on military aircraft parts in exchange for cash, the office of U.S. Atty. Richard Callahan in St. Louis said in a statement. The grand jury indicted former Boeing executive Deon Anderson; Jeffrey Lavelle, who owned Everett, Wash., bidder J.L. Manufacturing; and an outside consultant for J.L., Robert Diaz.
BUSINESS
October 7, 2013 | By Ricardo Lopez
In a blow to Boeing Co., Japan Airlines on Monday announced it has ordered 31 jets from Boeing's competitor, Airbus, in a deal worth $9.5 billion. It's the first order of Airbus jets for Japan Airlines and gives the European firm a huge foothold in the Japanese aviation market, largely dominated by jets from U.S.-based Boeing. "We sincerely welcome Japan Airlines as a new Airbus customer and feel honored by this first-ever order from Japan for our all-new A350 XWB,” said Fabrice Bregier, chief executive of Airbus.
BUSINESS
September 18, 2013 | By W.J. Hennigan
Aerospace giant Boeing Co. said Wednesday it plans to complete production of the C-17 cargo jet and close the final assembly facility in Long Beach in 2015. The move marks the end of the last major airplane production line left in Southern California. Last Thursday, Boeing delivered its 223rd and final C-17 to the Air Force. Now, with few foreign orders to fill, company officials have decided to shutter the assembly line for good in 2015. "Ending C-17 production was a very difficult but necessary decision," said Dennis Muilenburg, chief executive officer of Boeing Defense, Space & Security.
BUSINESS
July 25, 2013 | By W.J. Hennigan
Aerospace giant Boeing Co., which for years has been cutting its workforce in Southern California, announced that the work performed by 375 people in the Puget Sound region around Seattle is being moved to Long Beach over the next 18 months. Tim Copes, the company's vice president of commercial aviation fleet services, wrote in a note to employees Thursday that the business of modifying Boeing's commercial airplanes will gradually shift to the Southland. Boeing said it did not know exactly how many jobs the shift from the Seattle area would mean for Southern California yet, but it is the second big announcement this year by the company involving the facility located near Long Beach Airport.
BUSINESS
July 24, 2013 | By W.J. Hennigan
Aerospace giant Boeing Co. posted a larger-than-expected 13% jump in second-quarter profit that was driven by higher deliveries of passenger jets. But in a conference call with analysts, Boeing Chief Executive James McNerney warned that federal money held back under sequestration budget cuts could have consequences in the future on its defense, space and security business unit, which is spread throughout Southern California. "We've seen some impact of sequestration, but we have not begun to see most of it yet," McNerney said.
BUSINESS
July 19, 2013 | By W.J. Hennigan
The Federal Aviation Administration is developing a plan requiring airlines to inspect the emergency devices on their Boeing 787 Dreamliners after a fire erupted on the plane last week while it was parked at London's Heathrow Airport. On Friday the agency said these mandatory inspections “would ask operators to inspect for proper wire routing and any signs of wire damage or pinching, as well as inspect the battery compartment for unusual signs of heating or moisture.” The FAA plan is not expected to ground the worldwide 787 fleet, as happened earlier this year.
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