Tanker study: Boeing will create more than 60,000 jobs
2010-03-11 03:47:12
Quote: Should The Boeing Co. go on to win the $35 billion tanker contract from the U.S. Air Force, it will create 10 times as many domestic jobs as the partnership between European Aeronautics Defence and Space Co. and Northrop Grumman Corp. would have.That’s according to a study released Wednesday by the economic advisory firm Sonecon LLC, which estimates Boeing (NYSE: BA) will create 62,000-70,000 jobs over the life of the tanker contract.The Sonecon study says the Northrop/EADS partnership wou...
Read articleAerojet Supports Launch and Orbital Placement of GOES-P
2010-03-11 03:47:07
Quote: SACRAMENTO, Calif., March 10NYSEGYNews) company, played a key role in the successful launch of United Launch Alliance's (ULA) Delta IV rocket from Cape Canaveral, Fla.BoeingNYSEBANewsNOAA cooperative mission. Aerojet provided reaction control thrusters for the Delta IV upper stage, as well as a bipropellant chemical propulsion engine for the GOES-P satellite. Twelve Aerojet MR-106 5-lbf thrust class monopropellant thrusters on the Delta IV upper stage provided roll, pitch and yaw control as well...
Read articleUS STOCKS-Bets on economy lift Wall Street; banks, tech lead
2010-03-11 03:47:06
Keywords: United States of America,Equities,Major Breaking News,Sports International News Service (Reuters),Banks,Banks (industry group),Financials,Financial services - diversified,Aerospace and defence,Aerospace and defense,Semiconductors,Semiconductor equipment a
Quote: Industrial shares ranked among the top gainers, with
Boeing Co (BA.N) up 3.3 percent at $70.01..DJI.IXIC gained 18.27
points, or 0.78 percent, to 2,358.95. The benchmark S&P 500 Index extended its year-long advance
and is now up 69.3 percent from its 12-year closing low hit a
year ago on March 9. The more upbeat view of the economy helped lift bank
stocks, with Citigroup Inc (C.N) up 3.7 percent at $3.96, and
Wells Fargo & Co (WFC.N) up 2 percent at $29.57. The KBW bank index .BKX rose 2...
Read articleUS STOCKS-Wall St up on economy bets; banks, tech lead
2010-03-11 03:47:06
Keywords: United States of America,Banks (industry group),Financials,Aerospace and defense,Semiconductor equipment and products,
Quote: Industrial shares ranked among the top gainers, with
Boeing Co up 3.3 percent at $70.01. The Dow Jones industrial average edged up 2.95 points, or
0.03 percent, to end at 10,567.33. The Standard & Poor's 500
Index rose 5.16 points, or 0.45 percent, to 1,145.61. The
Nasdaq Composite Index gained 18.27 points, or 0.78 percent,
to 2,358.95. The benchmark S&P 500 Index extended its year-long advance
and is now up 69.3 percent from its 12-year closing low hit a
year ago on March 9. The more u...
Read articleUPDATE - Boeing study says its tanker to create more US jobs
2010-03-11 03:47:05
Keywords: Labour; Employment; Unemployment,Aerospace and defence,Semiconductor equipment and products,Aerospace and defense,United States of America,Germany,Western Europe,Europe,Spain,France,Industrial goods,Industrials,Central and Eastern Europe,Washington / US G
Quote: UPDATE 1-Boeing study says its tanker to create more US jobs
* Boeing study cites US jobs from its tanker * Boeing shares up 3 pct * Company could boost plane production rates(Adds share price, analyst and company comment) WASHINGTON, March 10 (Reuters) - A study paid for by Boeing
Co (BA.N) found that an aerial tanker built by the plane maker
would create 10 times more new U.S. jobs than a now-withdrawn
plan by Northrop Grumman Corp (NOC.N) and EADS (EAD.PA). The study was done before Northrop...
Read articleEADS sees no financial hit from U.S. tanker loss
2010-03-11 03:47:04
Quote: EAD.PANews) finances, the European aerospace group's chief executive said on Thursday.Northrop GrummanNYSENOCNewsBoeingNYSEBANews) as the sole bidder."We can't say this would have an immediate financial impact for us. It is roughly 15 planes a year and we produce 500 annually, so this is not something that will disrupt the balance at EADS," Louis Gallois told French radio RTL in an interview."But the deal would have seen us set up an assembly line in the United States and become a U.S. plane mak...
Read articleBoeing's sole-bidder status could be costly
2010-03-10 01:28:30
Keywords: Industries|Aerospace/Defense, BA, Boeing Co, NOC, Northrop Grumman Corp, NOC, Northrop Grumman Corp, LMT, Lockheed Martin Corp, BA, Boeing Co
Quote: Video courtesy of Reuters."I'm positive they are popping the champagne at Boeing," said Winslow Wheeler, Director of the Strauss Military Reform Project at the Center for Defense Information. "If properly done, competition can reduce costs and increase performance," he added. "We should now fully expect Boeing/quotes/comstock/13*!ba/quotes/nls/ba(BA67.79,+0.55,+0.82%) to be selected and the cost of their submission to increase."Los Angeles-based Northrop/quotes/comstock/13*!noc/quotes/nls/noc(NO...
Read articleBoeing wins $69M Air Force drone contract
2010-03-10 01:28:29
Quote: Louis-based unit of Boeing won a contract worth about $69.7 million by the U.S. Air Force for the initial engineering, manufacturing and development of QF-16 Full Scale Aerial Targets, drone planes that will act as targets for newly developed weapons.The remainder of the QF-16 contract, expected to be awarded in coming years, calls for up to 126 of the drones to be delivered beginning in 2014, according to Boeing. The QF-16 will replace the QF-4 fleet.Boeing will convert retired F-16 aircraft in...
Read articleUPDATE - Pentagon may speed U.S. air tanker award
2010-03-10 01:28:28
Keywords: Aerospace and defence,Semiconductor equipment and products,Aerospace and defense,United States of America,Germany,Western Europe,Europe,Spain,France,Industrial goods,Industrials,Central and Eastern Europe,Defence,Diplomacy; International Relations,Europea
Quote: air tanker award
* Pentagon says has ample pricing data on tanker planes * Boeing says next move up to Pentagon * Sen. McCain says Air Force process appears "legitimate" * Congressional intervention appears unlikely(Adds Rep. Skelton, analyst comment, lifts McCain quotes
higher)Andrea Shalal-Esa WASHINGTON, March 9 (Reuters) - The Pentagon may speed up
awarding a multibillion-dollar aerial tanker contract after
Northrop Grumman Corp (NOC.N) and Europe's EADS (EAD.PA) pulled
out of the contest, ...
Read articleBoeing Delivers EGYPTAIR's First 777-300ER for Long-Haul Fleet Upgrade
2010-03-10 01:28:27
Quote: SEATTLE, March 9BoeingNYSEBANewsBoeingBoeingEgyptian flag carrier is leasing the new 777-300ER from GECAS and will take an additional five 777-300ERs on lease through the second quarter of 2011 to continue upgrading its long-haul service. Boeing," said Hussein Massoud, chairman of EGYPTAIR Holding Company."The 777-200ER has always been one of the strongest performers in our fleet for fuel efficiency and reliability. The 777-300ER's additional improvements in fuel efficiency and seat-mile costs w...
Read articleEADS hit by tanker loss, A380 superjumbo woes
2010-03-09 08:31:53
Quote: tanker contract and said production niggles on its A380 superjumbo would hit core profit substantially this year, knocking its shares on Tuesday.The Franco-German group also axed its dividend when posting a big loss for 2009 including a previously announced charge of 1.8 billion euros ($2.4 billion) for its share of last week's bailout for the A400M military transport.Airbus A320 production to 36 a month from December from 34, and said it expected stable revenue and a 2010 operating profit of ar...
Read articleUPDATE - EADS hit by tanker loss, A380 superjumbo woes
2010-03-09 08:31:53
Keywords: France,Western Europe,Europe,Germany,Spain,United Kingdom,United States of America,Hot stocks,Equities,Major Breaking News,Corporate Results,Corporate Results Forecasts,Aerospace and defence,Air transport,Aerospace and defense,Airlines,Defence,Diplomacy;
Quote: rival Boeing (BA.N) as the sole bidder. [ID:nN08190077] The tanker setback and the spectre of difficulty containing
costs on the A380, as airlines order customised features for the
world's largest passenger plane, left EADS shares 5.2 percent
lower at 1025 GMT to be Europe's top blue-chip loser. U.S. TANKER EADS chief executive Louis Gallois told reporters Northrop's
withdrawal from the tanker tender meant: "We have no chance to
win in the competition in these conditions". Airbus chief executive...
Read articleUS stock futures signal dip; Texas Instruments eyed
2010-03-09 08:31:52
Keywords: Equities,United Kingdom,Western Europe,Europe,United States of America,Major Breaking News,Financials,Municipal debt,Debt,Energy and Resources,NYSE Stocks,London US Stocks,
Quote: * Tech shares will be in focus after Texas Instruments
(TXN.N) overnight raised the low end of its quarterly earnings
and revenue forecast, and said it was struggling to fill orders
in time as demand for chips rose faster than it could make them.
[ID:nN08195713] * Airbus parent EADS (EAD.PA), the world's second-largest
aerospace group after Boeing (BA.N), dived to a heavy loss in
2009 and scrapped its dividend as charges on its A380 superjumbo
and a currency hit swelled already announced charges...
Read articleEADS makes loss but says visibility improving
2010-03-09 08:31:51
Quote: Canceling the project would have cost EADS euro5.7 billion.EADS CEO Louis Gallois, who had threatened to halt the program if no deal was reached, said in a statement that the project is "now back on track."But problems remain with the hulking A380, of which 26 are already flying.AirbusAirbus plans to deliver 20 superjumbos this year.On Tuesday, EADS shares were down 5.1 percent at euro15.08 in Paris midday trade.Christophe Menard, an analyst with European investment bank Bryan, Garnier & Co., sa...
Read articleEU warns US against protectionism in Pentagon deal
2010-03-09 08:31:50
Quote: company.AirbusNorthrop GrummanBoeing Co.BoeingU.S. Air Force's 1960s-era fleet of KC-135 tankers.European CommissionEuropean Commission said in a statement.Sen. John McCainBarack ObamaNorthrop Grumman/EADS decision.Boeing protested and the deal was annulled later that year.Northrop GrummanBoeing design."It is highly regrettable that a major potential supplier would feel unable to bid for a contract of this type," said EU Trade Commissioner Karel De Gucht. "Open procurement markets guarantee bett...
Read articleStock Futures Slide Ahead of Retail Data
2010-03-09 08:31:50
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Melinda Peer ,The Market Story
Quote: The company complained that the contract proposal clearly favored BoeingBA), which is now the only company vying for the contract.At 9 a.m. EST, the International Council of Shopping Centers releases its weekly chain store sales snapshot for the week ended March 6.At the same time, Redbook Research issues its weekly retail sales index.The dollar was trading higher against a basket of currencies, with the dollar index up by 0.4%.In commodities markets, crude oil for April delivery was trading $1....
Read articleEADS Hit By Tanker Loss
2010-03-09 08:31:50
Keywords: European Markets, European Equities, Airbus, Boeing, Tanker, Contract, Pentagon
Quote: rival Boeing(BA -news-people) as the sole bidder.The tanker setback and the spectre of difficulty containing costs on the A380, as airlines order customised features for the world's largest passenger plane, left EADS shares 5.2 percent lower at 10:25 a.m. British time to be Europe's top blue-chip loser.
European Aeronautic Defense and Spacechief executive Louis Gallois told reporters Northrop's withdrawal from the tanker tender meant: "We have no chance to win in the competition in these conditi...
Read article[$$] Boeing Paces Dow; Apple Gains 3.9%
2010-03-08 02:58:40
Quote: BY DONNA KARDOS YESALAVICH NEW YORK—Stocks rose broadly Friday following the government's report of fewer job losses than expected for February, which gave a big boost to industrial stocks such as Boeing and Caterpillar and financial companies including American Express. The Dow Jones Industrial Average climbed 122.06 points, or 1.2%, to 10566.20, marking its biggest one-day gain since Feb. 16 and its highest closing value since Jan. 20. For the week, the measure climbed 240.94 points, o...
Read articleUPDATE - Boeing to offer revamped 767 tanker for U.S. bid
2010-03-05 07:18:40
Keywords: Aerospace and defence,Semiconductor equipment and products,Aerospace and defense,United States of America,Germany,Western Europe,Europe,Spain,France,Industrial goods,Industrials,Central and Eastern Europe,Defence,Diplomacy; International Relations,General
Quote: UPDATE 3-Boeing to offer revamped 767 tanker for U.S. bid * Aircraft to have 787 flight deck, new boom * Boeing touts more jobs, fuel savings * Northrop still weighing whether to bid(Recasts first paragraph to include aircraft features; adds
Northrop reaction)Andrea Shalal-Esa WASHINGTON, March 4 (Reuters) - Boeing Co's (BA.N) entry in
the U.S. Air Force's multibillion-dollar competition to build
new refueling aircraft is an updated 767 the company says would
save fuel and create more jobs than ...
Read articleUPDATE - Airbus wins no Feb orders ahead of EADS results
2010-03-05 07:18:39
Keywords: Aerospace and defense,Aerospace and defence,Air transport,Airlines,Germany,Western Europe,Europe,Spain,France,United Kingdom,Industrial goods,Industrials,Airline services,Transportation,Company News item,Economic news, EC, business/financial pages,
Quote: UPDATE 1-Airbus wins no Feb orders ahead of EADS results * Says had no plane orders or cancellations in February * Says delivered 67 aircraft in January-February(Adds detail, Boeing figures, background) PARIS, March 5 (Reuters) - Airbus (EAD.PA) said airlines had
neither ordered nor cancelled any of its aircraft for eight
weeks, leaving uncertainty over the pace of a recovery in demand
ahead of the release of parent EADS's (EAD.PA) earnings on
Tuesday. The European planemaker has clinched 11 civ...
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