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Court Backs $631 Million Judgment Against Boeing
NEW YORK (Reuters) - A California court has approved a jury verdict against Boeing Co BA, which means the plane maker and defense contractor must pay former customer ICO Global Communications Holdings Ltd ICOG $631 million in damages, according to ICO on Tuesday.In the latest move of a long-running legal...
Boeing Sells 8 Patrol Aircraft to India
In the largest contract between India and a U.S. company the nation purchased eight P-8 maritime patrol aircraft from Boeing. The Times of India reports that the deal is worth over $2 billion. The P-8 is a Boeing 737 based aircraft that will replace the P-3 in U.S....
Travel Roundup: Added Inaugural Routes, Delta Diverts for Passenger, India Buys Boeing and More
Amtrak adds trains, airlines add planes for presidential inauguration -- Amtrak will add more trains from Boston to Washington, D.C. on Inauguration Day to deal with the large number of people expected to see President-Elect Barack Obama take the oath of office. Southwest Airlines will also add 26 flights to the region while Delta Air...
Are the Airbus A380s Too Quiet?
A jet that's too quiet? It seems oxymoronic, but that's what pilots for Emirates airline are saying about their new A380s. Pilots are complaining that they can't get any sleep on long flights because Airbus designers did too good a job blocking out engine noise inside the airplane. As a...
Airbus Vs. Boeing: What's Ahead for Jet Manufacturing
When the 2008 commercial airliner year-end sales totals are announced sometime early in January, look for headlines reporting that Airbus has out-sold Boeing once again. The Euro jet-builders went into December with a commanding lead in the annual orders race, having booked 878 new deals for the year, well beyond the year-to-date...
While Boeing Protests Northrop Won't on New Weather Satellite
As we wrote a few days ago Boeing protested the award of the new weather satellite by Boeing to Lockheed. Reuters says that the other losing bidder, Northrop, will not follow Boeing and protest. Boeing believed based on what they were told by NASA that their proposal was...
Lockheed Satellite Contract is Protested by Boeing
We wrote a few weeks ago of Lockheed being awarded a contract to build the next generation weather satellite. Now Bloomberg reports that Boeing has protested the award. Since the number of companies able do this work in the U.S. is limited each contract is very important. ...
Boeing Protests Satellite Deal Won By Lockheed
By Andrea Shalal-EsaWASHINGTON (Reuters) - Boeing Co BA on Monday filed a protest with the Government Accountability Office about a $1.1 billion contract for next-generation weather satellites won by Lockheed Martin Corp LMT on December 2, a company spokeswoman said."Based on the information that we received, we felt that we...
Despite Panoply of Issues, Are Boeing Shares Too Cheap to Ignore?
The Manual of Ideas submits: Boeing BA is a unique company, in terms of scale of operations and delivery capabilities, with a sustainable competitive moat. The company will continue to win a large share of business in aerospace and defense, so the key question might be how demand...
Boeing's Dreamliner Delays Are a Nightmare
William Patalon III submits: The Boeing Co. BA is pushing back the schedule of its troubled 787 Dreamliner jet program by about six months as it works to unwind delays caused by the recently concluded union-machinists strike, and by thousands of improperly installed fasteners on the first couple of jetliners...
Study Shows that Boeing's Missile Defense Work Adds to Arizona's Economy
We wrote earlier this week of Raytheon's and Northrop Grumman's contribution to the recent successful missile defense test. Boeing is the prime contractor on the development and production of that system. Now Arizona State University has conducted a study that documents how much work the program brings to...
Virgin Seeks Compensation Over 787 Delays
By Matthew ScuffhamLONDON (Reuters UK) - Virgin Atlantic VA said on Thursday it feared a planned delivery of Boeing's BA new 787 Dreamliner may be two years late and urged the U.S. plane maker to update it on the likely delay.Boeing on Thursday pushed back the schedule for its troubled...
Qatar Airways Mulls Australian Expansion
A Qatar Airways executive says the carrier will look to expand further in Australia and the Americas as part of a long-term growth plan.Executive Vice President Ali M Al Rais told a press luncheon on Tuesday the carrier was looking to add service to South America and Australia -...
Critics Urge Ouster of GM CEO But Allies Rally
By Kevin KrolickiDETROIT (Reuters) - As the U.S. government nears a deal to save General Motors Corp GM, a debate rages over whether Chief Executive Rick Wagoner's job should be spared in the bailout or its most visible symbol of shared sacrifice.With pressure mounting on Wagoner to step aside, GM...
In Search of Tom Peters
Uber management guru Tom Peters is publicly second-guessing himself. He's wondering out loud on his blog whether he was wrong about globalization, wrong about outsourcing and wrong about the value of private equity investing. The sources of his doubt: The economy, of course. But he also cites:...
Global Airlines Set to Lose $5 Billion in 2008: IATA
By Robert EvansGENEVA (Reuters) - Global airlines look set to return total losses of $5.0 billion in 2008 and are heading for $2.5 billion of losses in 2009 as the economic crisis bites, the International Air Transport Association IATA said on Tuesday.The 2008 figure was slightly less than the $5.2...
Boeing May Be Forced to Announce Yet Another Dreamliner Delay
Money Morning submits: By William Patalon III The Boeing Co. BA may further delay first deliveries of its flagship 787 Dreamliner by at least six months – meaning the jet will enter service more than two years later than was originally projected – because of the recently concluded...
Boeing's Union Struggles May Affect Programs and Revenue
Boeing recently negotiated a contract with their engineers in Washington state. This after coming off a nasty strike with the machinist union this Fall. Now they are trying to negotiate with the local in Wichita where they work on a lot of their military programs. The first...
Boeing V-22 and CH-47 Production Lines Shut Due to Possible Sabotage
The AP reports that due to a foreign object being found in the fuel line of a V-22 Osprey preparing for delivery to the USMC that DoD and Boeing have shut down the two lines at the Philadelphia plant. This plant assembles the V-22 tilt rotor aircraft for the...
KC-X Delays Force Boeing to Reduce Workforce
Business Week is reporting that due to the delays in awarding the KC-X replacement tanker contract Boeing will have to reduce its work force in Wichita by 800. The job cuts will be across the board affecting white and blue collar alike. Wichita, KS is where Boeing does...
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- Revenue (Fiscal Year) $66.3B
- Profit (Fiscal Year) $4.0B
- Incorporated: 1916
- CEO: Mr. W. James McNerney Jr.
Boeing is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. Co. operates in five principal segments: Commercial Airplanes; Precision Engagement and Mobility Systems, Network and Space Systems, and Support Systems, which are collectively known as Integrated Defense Systems; and Boeing Capital Corporation. Co.'s Other segment classification principally includes the activities of Engineering, Operations and Technology, a research and development organization focused on technologies, improved processes and the production of new products.
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Stock Quote
Board of Directors
Mr. W. James McNerney Jr. Chairman
Mr. Kenneth M. Duberstein Lead Director
Mr. John H. Biggs
Mr. John E. Bryson
Mr. Arthur D. Collins Jr.
Ms. Linda Z. Cook
Mr. William M. Daley
Mr. John F. McDonnell
Mr. Mike S. Zafirovski
NAICS Code
Aircraft Manufacturing: 336411
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