Summary
The world's largest aerospace and defense company, Boeing has annual sales of $61.5 billion and 150,000 employees in 70 countries, including several hundred at its Chicago headquarters. Founder William Boeing starting building airplanes from a hangar in the Seattle area in 1916, and the bulk of Boeing's commercial airplane manufacturing remains clustered near Puget Sound. While European rival Airbus SAS gambled on a super-jumbo jet earlier this decade, Boeing correctly anticipated that airlines valued range and fuel-efficiency over aircraft size. The resulting product, the Boeing 787 Dreamliner, has garnered more than $100 billion in sales, although the company has suffered some production stumbles. The Dr...
The world's largest aerospace and defense company, Boeing has annual sales of $61.5 billion and 150,000 employees in 70 countries, including several hundred at its Chicago headquarters. Founder William Boeing starting building airplanes from a hangar in the Seattle area in 1916, and the bulk of Boeing's commercial airplane manufacturing remains clustered near Puget Sound. While European rival Airbus SAS gambled on a super-jumbo jet earlier this decade, Boeing correctly anticipated that airlines valued range and fuel-efficiency over aircraft size. The resulting product, the Boeing 787 Dreamliner, has garnered more than $100 billion in sales, although the company has suffered some production stumbles. The Dreamliner's first flight is set for late 2008.
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Business Topics
Cross Match Technologies, of Palm Beach Gardens, said James Grau will succeed James W. Ziglar as president and chief executive officer when Ziglar retires in August from the developer of biometric identity technologies. Previously, Grau was a group...Tags: National Government, Corporate Officers, Ryder System Incorporated, Government, Anheuser-Busch Companies Incorporated
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Profit Falls 10% At Parent Of Anthem Blue Cross And Blue Shield
Rising medical costs helped knock down the second-quarter profit for health insurer WellPoint Inc., but investors lifted the company's stock on Wednesday after it beat Wall Street expectations in a tough market. The Blue Cross and Blue Shield health plan...Tags: General Dynamics Corporation, PepsiCo Incorporated, Productivity, Falls Church (Falls Church, Virginia), Healthcare Provider
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Indian carriers likely to buy more planes
Boeing Co. raised the 20-year aircraft sales outlook in India as rising disposable incomes boost travel demand there. India's carriers may buy 1,001 new planes worth $105 billion in the next two decades, the planemaker said in a release in Mumbai on...Tags: Air Transportation, Sales, Transportation, Air Transportation Industry
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Fund to help areas in path of Olympics
Chicago Tribune reporterA philanthropic fund to help South and West Side neighborhoods in the probable path of a Chicago Olympics has grown to more than $4.72 million and is disbursing its first grants, totaling $415,000. The 2016 Olympics Fund for Chicago Neighborhoods is...Tags: Basketball, Multi-Sport Events, Olympics Chicago 2016, John D. and Catherine T. MacArthur Foundation, Economic Policy
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Boeing's profit tumbles 19%
Chicago Tribune reporterBoeing Co. underwhelmed Wall Street analysts Wednesday by reporting second-quarter earnings that fell 19 percent. It was "the worst quarter we have seen from Boeing in some time," said JPMorgan analyst Joseph Nadol III, while Morningstar analyst Brian...Tags: CNH Global NV, Nuclear Power, Earnings Forecasts, Earnings, J.P. Morgan Chase & Co.
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Pratt To Cut Workforce In State
Courant Staff WriterIn a clear sign that grave troubles in the U.S. airline industry are affecting Connecticut's aerospace manufacturers, Pratt & Whitney confirmed Wednesday that it will eliminate the jobs of an undisclosed number of hourly workers at its two biggest...Tags: East Hartford, Middletown, Cheshire, Layoffs and Downsizing, Employees
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Obama tells Israelis he's committed to their security, speaking with Hamas rockets as backdrop
AP Special CorrespondentSDEROT, Israel (AP) _ From the solemnity of a Holocaust museum to a dusty village battered by Hamas rockets, Democratic presidential contender Barack Obama on Wednesday professed "an unshakable commitment to the security" of Israel, whether the threat...Tags: Political Candidates, National Government, John Kerry, Elections, Government
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Near Miss for Airliner and Small Plane
Associated PressONTARIO -- A jetliner and a small plane passed too close - less than a mile apart - in the skies near Ontario, the Federal Aviation Administration said. The westbound Delta Air Lines Boeing 737 on approach to Los Angeles International Airport at 11,900...Tags: Air and Space Accidents, Laura Brown, Transportation, Transportation Accidents, Air Transportation
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Boeing's 2Q profit falls 19 percent on charge linked to defense program
Tribune staff reporterBoeing Co. shares are under pressure Wednesday, after the aerospace giant turned in second-quarter earnings that underwhelmed Wall Street. The Chicago company's results were hurt by a $248 million pretax charge its defense segment recorded in... -
Delays hurt Boeing's 2Q profit, which falls 19 pct
AP Business WriterDelays hurt Boeing Co.'s second-quarter profit, which fell 19 percent because of late delivery of military aircraft and rising costs from the postponed introduction of its 787 jetliner. But the Chicago-based company, the world's second-largest...Tags: Lost, Productivity, Earnings, Aerospace Manufacturing
Jul 24, 2008
|Story| South Florida Sun-Sentinel
Jul 24, 2008
|Story| Associated Press
Jul 24, 2008
|Story| Chicago Tribune
Jul 24, 2008
|Story| Chicago Tribune
Jul 24, 2008
|Story| Chicago Tribune
Jul 24, 2008
|Story| Hartford Courant
Jul 23, 2008
|Story| Associated Press
Jul 23, 2008
|Story| KTLA-TV
Jul 23, 2008
|Story| Chicago Tribune
Jul 23, 2008
|Story| Associated Press
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