Airbus and Boeing products running behind schedule

[CheshireTom 1,377]

Another load of old nonsense that has already been discussed earlier in the thread.

 

Please try to keep up.

[wacmedia 277]

Please try to keep up.

 

 

Hi,

 

Afraid the Sage of Philly is not the sharpest tool in the box.

[CheshireTom 1,377]

Hi,

 

Afraid the Sage of Philly is not the sharpest tool in the box.

 

There does appear to be a few sarnies missing from the hamper.

[BigDUSA 71]

There does appear to be a few sarnies missing from the hamper.

 

I see in another topic a number of guys have picked up on what a nit picking butt wipe you are.

[eltib 54]

Boeing shares rose $1.93 to $76.58 on Thursday.

 

 

A little late with your quote?? Shares dropped about another 10 bux since then.

 

Stock Performance

The Boeing Company

As of 4:07 PM ET on June 27, 2008

 

Last Prev. Close Day Range EPS Last Dividend Shares Outstanding

66.92 68.21 66.38 - 67.93 5.75 $0.40 751,453,000

Change % Change 52 Week Range Volume P/E Yield Market Cap

- 1.29 -1.89% 68.05 - 107.83 9,952,200 11.64 1.93 50,287,210,000

[CheshireTom 1,377]

I see in another topic a number of guys have picked up on what a nit picking butt wipe you are.

 

One guy, not including my testicularly-challenged chum..

Edited June 30, 2008 by CheshireTom

[eltib 54]

Sen. John McCain, the presumptive Republican presidential nominee who was instrumental in the Pentagon's long attempt to complete a deal on the tanker, called the GAO decision "unfortunate for the taxpayers."

 

Well I'm glad to see Mc Cain hasn't flip-flopped. I think he doesn't like Boeing because it's really not Boeing anymore. Just McDonnell Douglas flying the Boeing flag, with its flawed procedures.

Edited July 1, 2008 by eltib

[eltib 54]

AP

State Department fines Boeing $3 million

Monday June 30, 1:25 pm ET

Boeing to pay $3 million fine for exceeding limits on purchases from foreign suppliers

 

http://biz.yahoo.com/ap/080630/boeing_fine.html?.v=1

 

CHICAGO (AP) -- Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

 

The airplane manufacturer violated manufacturing license agreements required under federal regulations governing international arms sales.

 

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

 

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

 

 

SO MUCH FOR KEEPING THEM JOBS IN AMERICA. ONE WONDERS HOW MANY OF THOSE COUNTRIES WOULD BE ON THE 767 CONTRACT HAD BOEING WON IT.

Edited June 30, 2008 by eltib

[wacmedia 277]

AP

State Department fines Boeing $3 million

Monday June 30, 1:25 pm ET

Boeing to pay $3 million fine for exceeding limits on purchases from foreign suppliers

 

http://biz.yahoo.com/ap/080630/boeing_fine.html?.v=1

 

CHICAGO (AP) -- Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

 

The airplane manufacturer violated manufacturing license agreements required under federal regulations governing international arms sales.

 

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

 

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

SO MUCH FOR KEEPING THEM JOBS IN AMERICA. ONE WONDERS HOW MANY OF THOSE COUNTRIES WOULD BE ON THE 767 CONTRACT HAD BOEING WON IT.

 

Hi,

 

IF America is anything like England, the jobs they can't export, like construction, they import illegals and East Europeans to do the work for wages the Brit can't afford to work for. Sad but true.

[ozboy 31]

The reality is it's a Toyota design but built in a factory jointly owned and operated by GM and Toyota. GM tweaked the suspension and added a high end stereo option. Years ago I owned a Geo built in the same factory and it was one of the most reliable cars I ever owned.

 

 

And this has precisely what to do with the fact that you claim to have "a 2009 car" but it is many months before 2009 actually arrives lol

[eltib 54]

Tanker Saga Becoming Real Star Wars Trilogy

By Jane WellsCorrespondent

cnbc.com

| 01 Jul 2008 | 09:07 AM ET

 

http://www.cnbc.com/id/25411606/site/14081...C&par=yahoo

 

Check out the new ads Northrop Grumman is running in some newspapers, once again promoting its tanker, this time portraying the Boeing KC-767 tanker as a “paper airplane.”

 

It’s going to be a long, hot summer until the Air Force decides whether to reopen bidding, and, if so, whether to start over completely with a new set of rules.

 

I’m beginning to think the entire tanker saga is like the original “Star War” trilogy. First there was Episode I (ok, it’s Episode IV to George Lucas, but not me), “A New (Tanker) Hope.” That ends with Darth Druyun and Darth Sears going to jail for turning the tanker into the Death Star of all ethics breaches.

 

The contract finally goes to newcomers, Northrop Grumman and EADS, which leads to the next installment, “Boeing Strikes Back,” where Boeing…strikes back. Big time. Now, buy your popcorn for “The Return of the Euros.” After a couple of weeks of not talking, Northrop Grumman has reemerged to tout its Airbus-based tanker entry with the new, edgy ads, and with a new press release. The release announces that the KC-45's refueling boom has completed its 100th flight.

 

 

"Unlike our competitor's offering that has yet to leave the drawing board,” says Northrop’s tanker chief Paul Meyer, “we have a mature, state-of-the-art boom…” But he’s not done. "The Air Force needs tankers now and had a choice between a yet to be built tanker concept and boom system against a flight-proven KC-45 to meet the critical, time-urgent refueling needs of the warfighter. The Air Force selected the KC-45, the only system that can fully meet these requirements today."

 

Sigh. Whoever ends up winning will certainly be a master of The (air) Force.

 

Questions? Comments? Funny Stories? Email funnybusiness@cnbc.com

 

© 2008 CNBC, Inc. All Rights Reserved

Edited July 1, 2008 by eltib

[BigDUSA 71]

Boeing Co., already facing a delay of at least 14 months on its new 787 Dreamliner aircraft, said it will know ``soon'' whether a supplier's damage to the fourth of six test planes will have an effect on the full program.

 

The midbody fuselage section built by Global Aeronautica LLC, a venture with Finmeccanica SpA's Alenia North America, was damaged ``by an Alenia employee not following proper work procedures'' in Charleston, South Carolina, Boeing spokeswoman Yvonne Leach said in an interview last night.

 

``We resolved it, but we have to look at the schedule and what that means'' for the fourth plane as well as the program's timetable, Leach said. The part hasn't yet been shipped to Everett, Washington, where Boeing is doing the final-assembly work, she said, adding that ``when we get the section, we'll know better about the overall impact.''

 

Boeing, based in Chicago, has lost 32 percent of its market value in a year in part as it pushed back deliveries of the 787 three times because of vendor delays, parts shortages and changes to the wing section. June brought the biggest monthly decline in Boeing shares since the terrorist attacks on New York and Washington in September 2001.

 

Boeing declined earlier today before rising for the first time in eight trading days. The shares gained 29 cents to $66.01 at 10:50 a.m. in New York Stock Exchange composite trading.

 

787 Schedule

 

Boeing said last month the 787 was holding to its revised schedule after tests of the power systems were completed June 20. The 787 is due to take its initial flight in the fourth quarter, with delivery to the first customer in next year's third quarter.

 

The fourth plane ``is an important part of the test flight process'' because of its intended role with the engine testing and the incident may stretch the flight tests out by a month, Bank of America analyst Harry Nourse wrote in a note today. The plane needs ``a large number of cycles and flight hours'' to gain U.S. Federal Aviation Administration approval, he wrote.

 

``We will know more soon'' about any effect on the timetable, Boeing's Leach said.

 

The 787 is the first commercial aircraft to be made mostly of carbon-composite material, requiring a different manufacturing process than traditional aluminum planes. Boeing commissioned suppliers in the U.S., Japan and Italy to make completed sections that are then shipped to Everett to be snapped together and have the wings and wheels attached.

 

Boeing's Leach declined to describe the damage. An aviation- industry Web site that has previously reported on 787 delays, Flightglobal.com's Flightblogger, said that incorrect fasteners were used in some holes, damaging the composite structure.

[Samsonite 181]

"Alenia North America Statement on ZA004

In full:

 

A contractor performing work on behalf of Alenia Composite (an Alenia Aeronautica Company) at the Global Aeronautica facility in South Carolina failed to follow proper procedure. The contractor was an experienced aviation mechanic not local to Charleston S.C. The individual was immediately terminated.

 

This error resulted in a production issue that has since been repaired. Global Aeronautica was able to continue to perform some scheduled work in parallel. As a result of the necessary repair time, the delivery of the fuselage section to Everett has been delayed by The Boeing Company. Global Aeronautica is currently awaiting a revised delivery date from The Boeing Company."

 

http://www.flightglobal.com/blogs/flightblogger/

 

Eltib, I didn't know you were living in South Carolina?

[CheshireTom 1,377]

The individual was immediately terminated.

 

That's a bit drastic. Couldn't they just sack the guy.

[Hub 203]

"Alenia North America Statement on ZA004

In full:

 

A contractor performing work on behalf of Alenia Composite (an Alenia Aeronautica Company) at the Global Aeronautica facility in South Carolina failed to follow proper procedure. The contractor was an experienced aviation mechanic not local to Charleston S.C. The individual was immediately terminated.

 

This error resulted in a production issue that has since been repaired. Global Aeronautica was able to continue to perform some scheduled work in parallel. As a result of the necessary repair time, the delivery of the fuselage section to Everett has been delayed by The Boeing Company. Global Aeronautica is currently awaiting a revised delivery date from The Boeing Company."

 

http://www.flightglobal.com/blogs/flightblogger/

 

Eltib, I didn't know you were living in South Carolina?

 

What was the production issue - did Eltib download some bad porn that gummed up the computers for a few days?

[CheshireTom 1,377]

What was the production issue - did Eltib download some bad porn that gummed up the computers for a few days?

 

Apparently he forgot to put in the seats before he glued the two sides of the fuselage together. You know what it's like with these plastic airplane kits.

[eltib 54]

"Alenia North America Statement on ZA004

In full:

 

A contractor performing work on behalf of Alenia Composite (an Alenia Aeronautica Company) at the Global Aeronautica facility in South Carolina failed to follow proper procedure. The contractor was an experienced aviation mechanic not local to Charleston S.C. The individual was immediately terminated.

 

This error resulted in a production issue that has since been repaired. Global Aeronautica was able to continue to perform some scheduled work in parallel. As a result of the necessary repair time, the delivery of the fuselage section to Everett has been delayed by The Boeing Company. Global Aeronautica is currently awaiting a revised delivery date from The Boeing Company."

 

http://www.flightglobal.com/blogs/flightblogger/

 

Eltib, I didn't know you were living in South Carolina?

 

Never was an avaition mechanic, and have never been to South Carolina Scally. So it wasn't me. BTW you still hunting razorbacks with that assault rifle?

 

 

What was the production issue - did Eltib download some bad porn that gummed up the computers for a few days?

 

 

No, but I can tell you stories of some of the shit I used to find on the users computers and file servers at work.

 

Or the time someone moved a file off the server onto their desktop, and deleted it, which ol eltib had to do an emergency salvage command.

 

BTW, have you purchased any Boeing stock lately? I'm sure it will go back up, but when?

 

BOEING CO(NYSE: BA)

After Hours: 63.15 0.75 (1.17%)6:50PM ET

Last Trade: 63.90

 

 

Apparently he forgot to put in the seats before he glued the two sides of the fuselage together. You know what it's like with these plastic airplane kits.

 

I used to glue all the working control areas together too, and forget to put the pilots in their seats....

 

Edited July 2, 2008 by eltib

[BigDUSA 71]

The German former chief executive of Airbus, Gustav Humbert, was charged Wednesday with insider trading at the planemaker's parent company EADS, a legal source said.

 

Humbert, 58, was released on bail of 350,000 euros (555,000 dollars) after having been charged by Judges Xaviere Simeoni and Cecile Pendaries, the source said. He had been questioned in custody since Monday.

 

Former EADS chief executive Noel Forgeard and the company's former general manager, Jean-Paul Gut, have already been charged in the probe although both have denied any wrongdoing.

 

The French financial market regulator, AMF, in April said in a report that Humbert had sold 160,000 shares in the European Aeronautic Defence and Space Company in November 2005, earning 1.685 million euros.

 

The German, who took over Airbus in June 2005 and resigned in July 2006, is suspected of having benefited from privileged information on the financial picture at Airbus.

 

Humbert's lawyer, Nicolas Morvilliers, insisted that such suspicions were "unfounded" and said his client would make use of subsequent legal proceedings to defend himself.

 

In total 17 French and German members and former members of EADS and its main subsidiary, Airbus, are suspected of insider trading by the French regulator.

 

These include the present head of Airbus, German Thomas Enders, the French head of a space engineering subsidiary EADS Astrium, Francois Auque, and another Airbus manager, Fabrice Bregier, formerly chief executive of Eurocopter.

 

Forgeard, 61, who stepped down in July 2006, was released on May 30 after posting bail of one million euros. He made 4.3 million euros with the sale of 360,000 EADS shares, held in stock options.

 

Gut, 46, who left EADS in June of last year, allegedly sold 1.7 million euros in shares just months before Airbus revealed production delays with the A380 superjumbo.

 

He was charged with insider trading in mid-June and released on bail of 400,000 euros.

 

If convicted, both men face up to two years in jail and a fine of up to 10 times the amount gained through the alleged insider trading.

 

The announcement in June 2006 of a six-month production delay on the new A380, the world's largest airliner, threw EADS and its aircraft unit into crisis.

 

The EADS share price fell 26 percent on the stock market and Airbus launched a restructuring programme to shed 10,000 jobs.

 

Despite its problems, EADS reported a robust return to profit in May. But it also acknowledged new delays, the fourth in two years, in A380 deliveries.

 

It announced a first quarter net profit of 285 million euros, exceeding analyst forecasts.

 

Singapore Airlines put the first A380, able to carry some 850 passengers, into commercial service in October.

[MrMango 672]

The German former chief executive of Airbus, Gustav Humbert, was charged Wednesday with insider trading at the planemaker's parent company EADS, a legal source said.

 

Humbert, 58, was released on bail of 350,000 euros (555,000 dollars) after having been charged by Judges Xaviere Simeoni and Cecile Pendaries, the source said. He had been questioned in custody since Monday.

 

Former EADS chief executive Noel Forgeard and the company's former general manager, Jean-Paul Gut, have already been charged in the probe although both have denied any wrongdoing.

 

The French financial market regulator, AMF, in April said in a report that Humbert had sold 160,000 shares in the European Aeronautic Defence and Space Company in November 2005, earning 1.685 million euros.

 

The German, who took over Airbus in June 2005 and resigned in July 2006, is suspected of having benefited from privileged information on the financial picture at Airbus.

 

Humbert's lawyer, Nicolas Morvilliers, insisted that such suspicions were "unfounded" and said his client would make use of subsequent legal proceedings to defend himself.

 

In total 17 French and German members and former members of EADS and its main subsidiary, Airbus, are suspected of insider trading by the French regulator.

 

These include the present head of Airbus, German Thomas Enders, the French head of a space engineering subsidiary EADS Astrium, Francois Auque, and another Airbus manager, Fabrice Bregier, formerly chief executive of Eurocopter.

 

Forgeard, 61, who stepped down in July 2006, was released on May 30 after posting bail of one million euros. He made 4.3 million euros with the sale of 360,000 EADS shares, held in stock options.

 

Gut, 46, who left EADS in June of last year, allegedly sold 1.7 million euros in shares just months before Airbus revealed production delays with the A380 superjumbo.

 

He was charged with insider trading in mid-June and released on bail of 400,000 euros.

 

If convicted, both men face up to two years in jail and a fine of up to 10 times the amount gained through the alleged insider trading.

 

The announcement in June 2006 of a six-month production delay on the new A380, the world's largest airliner, threw EADS and its aircraft unit into crisis.

 

The EADS share price fell 26 percent on the stock market and Airbus launched a restructuring programme to shed 10,000 jobs.

 

Despite its problems, EADS reported a robust return to profit in May. But it also acknowledged new delays, the fourth in two years, in A380 deliveries.

 

It announced a first quarter net profit of 285 million euros, exceeding analyst forecasts.

 

Singapore Airlines put the first A380, able to carry some 850 passengers, into commercial service in October.

I am waiting for the outrage from some of our members about all this illegal activity - I thought that Airbus was above such despicable activity after reading their posts...

[wacmedia 277]

EADS reported a robust return to profit in May. But it also acknowledged new delays, the fourth in two years, in A380 deliveries.

 

It announced a first quarter net profit of 285 million euros, exceeding analyst forecasts.

 

Singapore Airlines put the first A380, able to carry some 850 passengers, into commercial service in October.

 

Hi,

 

More good news from Airbus.

[CheshireTom 1,377]

I am waiting for the outrage from some of our members about all this illegal activity - I thought that Airbus was above such despicable activity after reading their posts...

 

mango,

 

Alleged illegal activity. If they lived in South Carolina they'd probably have been terminated by now.

 

Besides, Airbus hasn't been charged or accused of any illegal activity, if for no better reason than it's not a legal entity that can be accused/charged.

 

Boeing, on the other hand .................

 

Boeing to pay $3 million fine for exceeding limits on purchases from foreign suppliers

 

CHICAGO: Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

 

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

 

The airplane manufacturer violated manufacturing license agreements required under federal regulations governing international arms sales.

 

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

 

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

 

And there was me thinking that all these Boeing military aircraft were somewhat beneficial to the US labour force.

[eltib 54]

I am waiting for the outrage from some of our members about all this illegal activity - I thought that Airbus was above such despicable activity after reading their posts...

 

Your wrong... But let the investigation proceed to uncover any wrongdoing. BTW do you think buying birthday cakes for staff members is a prerequiste for securing a job? And if it's ethical?

 

 

mango,

 

Alleged illegal activity. If they lived in South Carolina they'd probably have been terminated by now.

 

Besides, Airbus hasn't been charged or accused of any illegal activity, if for no better reason than it's not a legal entity that can be accused/charged.

 

Boeing, on the other hand .................

 

Boeing to pay $3 million fine for exceeding limits on purchases from foreign suppliers

 

CHICAGO: Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

 

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

 

The airplane manufacturer violated manufacturing license agreements required under federal regulations governing international arms sales.

 

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

 

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

 

And there was me thinking that all these Boeing military aircraft were somewhat beneficial to the US labour force.

 

$3 million is such a piss poor fine. Boeing earns over $60 billion in revenues every year. Mostly goes to exec comps, not in the pocket of the little guy.

 

Tom, I still like this story below better. That writer had some real flair..

 

I’m beginning to think the entire tanker saga is like the original “Star War” trilogy. First there was Episode I (ok, it’s Episode IV to George Lucas, but not me), “A New (Tanker) Hope.” That ends with Darth Druyun and Darth Sears going to jail for turning the tanker into the Death Star of all ethics breaches.

Edited July 3, 2008 by eltib

[eltib 54]

STALWORTH BOEING CUSTOMER TO BUY AIRBUS A380S

 

From Reuters

Edited July 6, 2008 by eltib

[wacmedia 277]

Hi,

 

This is what we were saying about the fuel issue.

 

As surging fuel prices pressure airlines, ANA aims to save fuel by using the A380, which can carry more passengers on fewer flights, while delays in the delivery of Boeing Co's (BA.N: Quote, Profile, Research, Stock Buzz) 787 Dreamliner have also led ANA to consider purchasing A380s, the Nikkei said.

[eltib 54]

Hi,

 

This is what we were saying about the fuel issue.

 

Looks like Airbus thinking of hub to hub will beat out Boeings point to point philosiphy, as long as fuel prices remain high.