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Boeing: Boeing Company
built 629 days ago
Boeing's 2008 financial guidance will be updated with the impact of these changes when the company holds its fourth-quarter 2007 earnings conference call on January 30. There will be no impact from the schedule change on 2007 financial results and the company does not expect the impact on 2008 earnings guidance to be significant. Financial guidance for 2009 now will be provided when the company issues its first quarter 2008 earnings report in late April, which will follow the assessment of the impact of 787 schedule changes. The company continues to expect strong earnings per share growth in 2009. The outlook for the company's defense business and in-production commercial airplane programs remains very strong.
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Summary -- Boeing has been working on the Y2K issue for many years and, by the nature of its products, is well suited to meet the challenge. It has created a company wide organization to direct all Y2K activities and report progress to the highest levels of management. Systems and policies have been in place to safeguard Y2K assets. These policies are based on the company's longstanding commitment to developing, advancing and protecting technical excellence, enhancing shareholder value and responding to the needs of customers and the flying public. The Boeing Company is ready for the year 2000.
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Upon the Dash 80's first flight on July 15, 1954, (the 34th anniversary of the founding of the Boeing Company) Boeing clearly had a winner. Flying 100 miles per hour faster than the de Havilland Comet and significantly larger, the new Boeing had a maximum range of more than 3,500 miles. As hoped, the Air Force bought 29 examples of the design as a tanker/transport after they convinced Boeing to widen the design by 12 inches. Satisfied, the Air Force designated it the KC-135A. A total of 732 KC-135s were built.
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In June 2003, Lockheed Martin sued Boeing alleging that the company had resorted to industrial espionage in 1998 to win the Evolved Expendable Launch Vehicle (EELV) competition. Lockheed alleged that the former employee Kenneth Branch, who went to work for McDonnell Douglas and Boeing, passed 25,000 proprietary documents to his new employers. Lockheed argued that these documents allowed Boeing to win 21 of the 28 tendered military satellite launches.
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When Boeing showed interest in Thermion System's wing de-icing technology in 2002, the startup thought it had arrived. "Getting on the 787 would have given us the Good Housekeeping seal of approval," says Thermion vice president Jeffrey Parkin. The company, based in Stratford, Conn., says it spent $10 million to perfect its system. But because Boeing wouldn't buy directly from such a small outfit, it hooked up with industry giant GKN Aerospace (aerospace.gknplc.com), which went on to win a 14-year contract to make part of the de-icing system. In 2004, GKN issued a press release announcing a partnership with Thermion to work on the 787, but no contract was signed and Thermion (thermion.com) received no orders. With its hopes circling the drain, Thermion filed a $75 million lawsuit last October, alleging that GKN had substituted its own technology to grab a greater share of the 787 contract.
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During World War II, Boeing built a large number of bombers. Many of the workers were women whose husbands had gone to war. In the beginning of March 1944, production had been scaled up in such a manner that over 350 planes were built each month. To prevent an attack from the air, the manufacturing plants had been covered with greenery and farmland items. During these years of war the leading aircraft companies of the US cooperated. The Boeing-designed B-17 bomber was assembled ... by Lockheed Aircraft Corp. and Douglas Aircraft Co., while the B-29 was assembled also by Bell Aircraft Co. and by Glenn L. Martin Company.
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