With earnings season kicking up a notch in the week ahead, there’s a good chance something unexpected is looming. Are you ready?» Read More
SAN DIEGO— U.S. authorities have charged a Chinese businessman with hacking into the computer systems of U.S. companies with large defense contracts, including Boeing, to steal data on military projects, including some of the latest fighter jets, officials said Friday.
July 11- The U.S. Department of Justice has charged a Chinese businessman with hacking into the computer systems of Boeing and other companies in order to obtain data about military projects, according to court filings unsealed this week.
July 11- Suspense over the appearance of America's newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an Airbus jet with a surprise tweak in its name have made the Farnborough Airshow one of the least predictable for years. >Farnborough on tenterhooks over F-35, Airbus jet revamp.
*Airbus to launch revamped and rebranded A330- sources. LONDON, July 11- Suspense over the appearance of America's newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an Airbus jet with a surprise tweak in its name could make the Farnborough Airshow one of the least predictable for years.
*Airbus upgrading its biggest-selling wide-body jet. LONDON, July 11- European planemaker Airbus will both revamp and rebrand its A330 passenger jet at a launch expected to kick off next week's Farnborough Airshow, people familiar with the matter said on Friday.
Boeing rose$. 61 or. 5 percent, to $127.40. Lockheed Martin Corp. rose $1.42 or. 9 percent, to $159.60. Northrop Grumman Corp. rose $1.25 or 1.0 percent, to $121.17.
NEW YORK— Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less. In a letter to the FAA dated Wednesday, Amazon said it is developing aerial vehicles as part of Amazon Prime Air.
Boeing fell$. 07 or. 1 percent, to $126.72. Lockheed Martin Corp. rose$. 55 or. 3 percent, to $158.73. Northrop Grumman Corp. rose$. 61 or. 5 percent, to $120.53.
DUBAI, United Arab Emirates— Now that he's had a taste of running the world's busiest air hub for international passengers, Dubai Airports CEO Paul Griffiths is determined to hang on to the honor while setting his sights on an even bigger prize: beating Atlanta for the title of busiest airport on the planet.
LISBON, Portugal— The specter of Europe's financial crisis is back to haunt investors. The tensions center on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal's largest bank, Banco Espirito Santo.
Boeing said Thursday that its "space bins" will hold six standard-size carry-on bags— two more than fit in current bins on the 737.. Alaska Airlines will be the first carrier to get the larger bins on new planes, starting in late 2015. The airline's treasurer, Mark Eliasen, says the extra space will let passengers keep personal items in the cabin.
"The LRS-B is a top modernization priority for the Air Force. The competition is expected to pit Northrop Grumman Corp, the maker of the B-2 bomber, against a combined team of Boeing Co and Lockheed Martin Corp, the two top weapons makers for the U.S. government. The Air Force has said it plans to buy as many as 100 new bombers for no more than $550 million each.
Boeing rose$. 36 or. 3 percent, to $127.15. Lockheed Martin Corp. rose$. 81 or. 5 percent, to $158.74. Northrop Grumman Corp. rose$. 62 or. 5 percent, to $120.42.
July 10- General Electric Co said on Thursday it picked France's Safran SA, Japan's IHI Corp and Germany's MTU Aero Engines AG to work on the GE9X engine that will power Boeing Co's new 777 X aircraft. GE told Reuters the companies chosen would share about 25 percent of the GE9X program, with Safran holding the largest share.
Boeing fell$. 92 or. 7 percent, to $125.87. Lockheed Martin Corp. fell$. 42 or. 3 percent, to $157.52. Northrop Grumman Corp. fell$. 27 or. 2 percent, to $119.53.
That's up from Boeing's forecast last year that global airlines would need 35,280 jets worth $4.8 trillion over the next 20 years. "There's no question the market is converging to this size, where network flexibility and cost efficiency meet," said Randy Tinseth, Boeing's commercial airplanes marketing vice president.
LONDON, July 10- Boeing hit back on Thursday at proposals by rival Airbus to revamp its A330 passenger jet, saying it would "fight" in the marketplace and was confident that its newer 787 Dreamliner was a more valuable plane.
"If Airbus doesn't do something with their product strategy, they're headed to 30-35 percent market share" in deliveries of next-generation twin-aisle aircraft, Randy Tinseth, Boeing's vice president of marketing, told reporters in a briefing.
PARIS, July 9- Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement as early as next week's Farnborough Airshow, but no decision has been taken, people familiar with the matter said.
BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.