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Tag Archives: Boeing

Boeing Awarded $359M for Long-Lead Poseidon Materials Procurement

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The U.S. Navy has awarded Boeing (NYSE: BA) a $358.9 million contract modification to buy long-lead components for 29 P-8A Poseidon multimission maritime aircraft. The Defense Department said Tuesday the materials are needed to accomplish work on nine full-rate production Lot II and 16 Lot III P-8As for the U.S. ...

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July 1 Market Close: GovCon Index Rebounds, US Stocks Climb on Greece Optimism

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The GovCon Index snapped its six-day streak of declines Wednesday with a gain of 0.563 points to close at 74.800. U.S. markets reacted to news that Greece and its Eurozone creditors have increased dialogue on a potential bailout proposal and talks will wait until after a Sunday referendum on an offer ...

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Boeing Orders CAE Flight Simulators for Poseidon Aircraft; Ray Duquette Comments

Ray Duquette

TYSONS CORNER, VA July 1, 2015 — Boeing (NYSE: BA) has chosen CAE to build hardware for four operational flight simulators to its P-8A Poseidon aircraft for the U.S. Navy and Australian air force, ExecutiveBiz reported Tuesday. According to Ray Duquette, president and general manager of CAE USA, the two ...

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South Korea Selects Airbus Tanker Jet for Military Aircraft Refueling

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South Korea has ordered four aerial refueling tanker jets from Europe-based aircraft manufacturer Airbus, adding to the company’s portfolio of international customers, the Wall Street Journal reported Tuesday. Jeyup Kwaak and Robert Wall write that other buyers of Airbus’ A330 MRTT or multirole tanker transport include Australia, Saudi Arabia, Singapore, the U.K. ...

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Dennis Muilenberg to Succeed Jim McNerney as Boeing CEO

Dennis Muilenberg

Dennis Muilenberg, vice chairman, president and chief operating officer at Boeing (NYSE: BA) for the past two years, has been elected by the company’s board of directors to succeed the retiring CEO Jim McNerney on July 1. Boeing said Tuesday that McNerney, 65, will continue to serve as chairman of ...

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Boeing Mulls A-10 Warthog Upgrade for Potential Export Plan

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TYSONS CORNER, VA June 18, 2015 — Executive Mosaic — Boeing (NYSE: BA) is considering upgrading the A-10 Warthog for international customers, if congressional support against the aircraft’s planned retirement follows through, ExecutiveBiz reported Wednesday. Aviation Week and DoD Buzz reports said company officials attending this week’s Paris Air Show have confirmed that ...

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Boeing New Order to Double Qatar Globemaster Fleet

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TYSONS CORNER, VA June 17, 2015 — Executive Mosaic — Boeing (NYSE: BA) will manufacture four more C-17 Globemaster III for Qatar, bringing the Mideast nation’s airlifters fleet to eight, ExecutiveBiz reported Tuesday. Tommy Dunehow, vice president of international customer service and sales for Boeing military aircraft, said Monday the ...

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Boeing Extends Army Rotorcraft Support Through 2019

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TYSONS CORNER, VA June 16, 2015 — Executive Mosaic — Boeing (NYSE: BA) has sealed a new deal to keep servicing AH-64 Apache and CH-47 Chinook helicopters for the U.S. Army through 2019, ExecutiveBiz reported Monday. Work on the contract continues Boeing’s partnership with the Corpus Christi Army Depot, which ...

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Gregory Hayes: UTC to Decide on Sikorsky Spinoff or Sale Move in ‘Coming Weeks’

Gregory Hayes

United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter. “Over the coming weeks, we’ll determine whether a spinoff or direct sale is the best way to enhance Sikorsky’s long-term success ...

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Boeing Awarded $238M Army Helicopter Maintenance Services Extension; Tim Sassenrath Comments

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The U.S. Army has awarded Boeing (NYSE: BA) a potential five-year, $238 million contract to continue to provide repair and overhaul services for AH-64 Apache and CH-47 Chinook military helicopters. Boeing said Friday it has helped maintain the multirole helicopters at a depot in Corpus Christi, Texas, since 2004. “Our ...

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