January 18, 2008

Lockheed sues Boeing

The 23-count complaint, filed in U.S. District Court in Orlando, Fla., claims a former Lockheed employee gave Boeing more than 37,000 pages of documents that include financial details on Lockheed’s planned bid for the $1.88 billion contract.

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The contract, part of the Air Force’s Evolved Expendable Launch Vehicle Program, was divided between the two companies in 1999. But Boeing was eventually awarded 21 rocket launches, while Lockheed, based in Bethesda, Md., was given seven. Lockheed, the nation’s largest defense contractor, alleges Boeing and its employees broke federal and Florida racketeering and antitrust laws by soliciting, acquiring and using Lockheed data. The lawsuit does not seek specific damages.

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Fri, 18 Jan 2008 12:41:52 GMT

Boeing jet boasts advances

But the mid-sized 7E7, being tweaked and simulated in Boeing design labs and three-dimensional computer design images, should offer plenty to wow airlines and the first paying passengers in 2008.

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Boeing says the new plane will fly faster, higher, farther, cleaner, quieter and more efficiently than any other medium-sized jet, using 20 percent less fuel. There’ll also be bigger windows, seats, lavatories and overhead bins, which the company shows off to prospective buyers and other visitors at a mock-up of the airplane’s interior not far from its sprawling Seattle-area manufacturing complexes.

Analysts say further 7E7 orders, which Boeing promises will be announced soon, could signal not only a successful new plane but a renaissance for the company.

“For the first time in a while, Boeing has seized the industry initiative,” said

aerospace analyst Richard Aboulafia of the Teal Group. “When it comes to making a plane that’s more economical — it’s just a matter of time before everybody falls in line.”

It’s still a gamble. By adopting a sharply opposed strategy to that of Airbus, which thinks its superjumbo A380 will be the jet of choice following its 2006 debut, Boeing risks misgauging years’ worth of demand. That’s what happened with two projects it dropped in the past three years — the 747X, an enlarged jumbo jet, and the super- fast Sonic Cruiser, which was seen as pricey even before the economic fallout from Sept. 11, 2001.

“That was a case where we misjudged the market a little bit,” David von Trotha, Boeing’s chief engineer for product development, said this month. “What we thought would be attractive … turned out to be different from what the market wanted.”

All signs are that the 7E7 — the ‘E’ stands for efficient — is headed for a better fate.