January 19, 2008

Boeing wows Wall Street

The aerospace manufacturer, which employs several hundred people in Utah, reported a 31 percent decline in third-quarter earnings Wednesday, largely because of the heavy costs of shutting down production of the 757 jetliner. But the latest surge of business for its growing defense operations ended a losing streak of two straight quarterly losses and helped it turn an unexpectedly solid $256 million profit, sending its stock up 7 percent.

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Profits from the defense unit, which includes the manufacture of military aircraft, weapons and launch systems, jumped an impressive 38 percent on a 12 percent gain in revenues.

That more than offset the latest decline in the commercial airplanes division, where earnings fell 90 percent because of pension contributions and a $184 million pretax charge to scrap the 757.

While its longtime mainstay unit continues to suffer from the post- 9/11 slump in aviation, Boeing is still riding relatively high because of the booming business in U.S. defense contracts.

Analyst Paul Nisbet of JSA Research said Boeing is reaping the same benefits as the other two biggest defense contractors — Lockheed Martin and Northrop Grumman, whose third-quarter sales rose 23 percent and 57 percent, respectively.

“We’re seeing not only the well-publicized increases in defense spending for regular Defense Department operations, but we’re seeing quite a bit of money coming in from supplemental budget amounts that are related to the war on terror, in Iraq and so forth,” Nisbet said. “And we’re seeing money coming in from Homeland Security.

“You put all that together . . . and it’s beginning to show up on the top line of these companies.”

Boeing’s net earnings for the July-through-September period amounted to 32 cents per share, down from $372 million, or 46 cents per share, a year earlier.

That was significantly higher than the 25-cents-per-share consensus estimate of analysts surveyed by Thomson First Call. As a result, Boeing shares closed $2.46 higher at $38.50 on the New York Stock Exchange.

Revenues dropped 4 percent to $12.24 billion from $12.69 billion - - the bulk of it from the defense and space unit, where revenue climbed to $7.3 billion.

Airbus détourne-Benghazi..

Qantas eyes late fees after Boeing 787 delay (USA Today)
Australia’s Qantas Airways said on Thursday it would seek compensation from Boeing over delay of the 787 Dreamliner, a step it took with Airbus after the A380 superjumbo was late.

Fri, 18 Jan 2008 18:18:29 GMT
Airbus bests Boeing in 2007 aircraft deliveries, lags in orders
Airbus said it delivered 453 planes to Boeing’s 441 in 2007, according to a company statement. Meanwhile, Boeing (NYSE: BA) bested European-based Airbus in 2007 net new orders, 1413-1341. Airbus‘ 2007 delivery total was up 19 from

Airborne
Late at night somewhere over the Hudson Bay aboard Air France flight 045, an Airbus A-330 à destination de Paris….

Fri, 18 Jan 2008 03:59:40 EDT

Governor signs bill on Boeing

By Chris Grenz

The Capital-Journal

The state could issue up to $500 million in bonds to help Boeing Wichita land an aircraft manufacturing contract under one of several bills signed into law Wednesday by Gov. Kathleen Sebelius.

Under the bill, Boeing would pay off all of the bonds plus interest using revenue generated through the sale of airplane parts and through withholding taxes from the payroll of up to 4,000 employees assigned to the new project.

The bill is designed to bolster the Wichita plant’s chances of being selected to assemble parts of the new super-efficient 7E7, Boeing’s next-generation jetliner.

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“What we do today in Wichita we do better than anyone else in the world,” said Bill Jarrell, a Boeing lobbyist. “Now, with this act, you put together a complete package that just makes Kansas so attractive for this work.”

Airbus golfe : les faits..

China investment inflows brisk despite scrutiny
Guardian Unlimited - A number of global giants gave China their vote of confidence in 2007. Intel Corp began work on a $2.5 billion microchip plant in Dalian in the northeast, while Airbus broke ground on an assembly plant in the northern port city of Tianjin.

Sat, 19 Jan 2008 10:56:00 GMT
Saudia airline issue Airbus A300 postcard
US $3.91 (0 Bid) End Date: Saturday Jan-19-2008 5:53:13 PSTBid now | Add to watch list

Mon, 14 Jan 2008 05:53:13 PST
Qantas eyes late fees for Boeing delay
QANTAS is seeking compensation from Boeing over the delay of the 787 Dreamliner a step it also took with Airbus after the A380 superjumbo was late. The 787 suffered its second setback when Boeing announced on Wednesday that it was pushing back the program a further three months making the plane about nine months behind its original schedule.

Sat, 19 Jan 2008 00:00:00 EST

Rupe talked to part of BOE

THE CAPITAL-JOURNAL

An attorney who led the charge in forcing large increases in public school spending talked privately at least four times during the past seven years with some of the same people he was suing.

Schools for Fair Funding attorney Alan Rupe said the conversations with members of the Kansas State Board of Education were innocent and didn’t breach any attorney ethical rules.

But the scenario troubled school board attorney Dan Biles, who said he wasn’t aware of the conversations until he was asked about them last week by a Capital-Journal reporter.

“I’ll have to admit, I’m not real excited about opposing counsel talking to my clients,” he said.

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According to attorney billing information obtained by The Topeka Capital-Journal, Rupe spoke with or e-mailed on four occasions members of the Kansas State Board of Education, which was a defendant in the school finance lawsuit. Rupe said he didn’t seek permission from Biles.

For his part, Biles noted state attorney ethical rules that prohibit lawyers on one side of a lawsuit from talking with the clients on the other, unless the opposing attorney grants permission.

OSHA: Boeing had no violations

The Associated Press

WICHITA — Boeing didn’t violate workplace standards in the April death of a plant worker who was pinned by a large overhead door, federal investigators said.

Ronald Dyke, 45, who weighed527 pounds and was confined to a motorized scooter, suffocated when he was pinned under a garage-type door at the Wichita plant, his autopsy showed.

Sensors on the ground near the steel door opened and closed it, but Tom Morrison, assistant director of the Wichita OSHA office, said a timer set to quickly close the door pinned Dyke in the scooter.

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Boeing to invest in Yorkshire


Making the cut at Boeing

Our company, a small builder of custom and standard machine tools, has been in business since 1972. We started out as a manufacturer’s representative, went into machine tool rebuilding, took up the manufacture of gantry robots and automatic toolchangers, and finally evolved into building machine tools.

In 1991 we had an internal need to manufacture a family of long structural parts. We required a fast, nimble machine tool that could cost-effectively make long parts from both extruded-aluminum profiles and long fabrications made of welded steel. To do the job, we developed a machine with very long X-axis travel, intending only to use it in-house.

Favorable comments from visitors to our plant led us to believe there was a market for a bigger, faster machine of this type. We developed a larger, enhanced version that we called a “High Velocity” Machining Center-because of its high feed and rapid rates. We began selling it in 1992, focusing our marketing efforts-as much by chance as by design-on special machine tool applications in the aerospace industry.

Finding out about projects is one of the hardest tasks faced by a small company that wants to do business with the aerospace giants. Companies like Boeing don’t generally reveal information about new programs. Traditionally they tend to purchase equipment from long-time suppliers with whom they are comfortable.

Sometimes, however, companies do alter the way they do business, and that happened at Boeing in the summer of 1992. Boeing was searching for new ideas and machining systems that best fit their concept for the accurate assembly of airplane floor grid structures, dubbed “AFG.” Also, Boeing had recently introduced the concept of using buying teams to purchase capital equipment. To get the project started, the company held a vendor conference, open to all interested parties. Seventeen firms attended, and we were one of them.