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Tag: Boeing

Boeing wins $23.6M contract to keep Navy F/A-18 planes flying

Boeing wins $23.6M contract to keep Navy F/A-18 planes flying

Business
Aug. 23 (UPI) -- Boeing Co. was awarded a $ 23.6 million contract by the U.S. Navy for support in solving maintenance issues of F/A-18 Hornet fighter planes. The contract, a modification of a prior contract and announced on Thursday by the Defense Department, calls for engineering, logistics, and program management of F/A-18A-D, E/F, and EA-18G aircraft in support of reducing fleet "out of reporting" rates and maintenance planning. The term refers to a plane grounded because of maintenance or repair issues. The planes, in service since the 1970s, are currently flown by the U.S. Marine Corps as its front-line fighter, by the U.S. Navy as a second-tier fighter, and also by seven international customers. The Marine and Navy planes are expected to have a service life of 20 years, but are wea...
Boeing drops out of nuclear missile development program

Boeing drops out of nuclear missile development program

Business
July 25 (UPI) -- Boeing has dropped out of a program to develop a new nuclear missile for the Air Force over concerns with the bidding process. The company made the announcement just one week after the Air Force issued its final request for proposals for a replacement for the 1960s era Minuteman III ICBM system, and makes Northrop Grumman the sole remaining bidder for the new system. "After numerous attempts to resolve concerns within the procurement process, Boeing has informed the Air Force that it will not bid Ground Based Strategic Deterrent Engineering and Manufacturing Development under the current acquisition approach," Boeing said in a statement emailed to UPI. "We've evaluated these issues extensively, and determined that the current acquisition approach does not provide a level...
Boeing takes $5bn compensation hit over 737 MAX crashes

Boeing takes $5bn compensation hit over 737 MAX crashes

Business
Boeing is taking a $ 4.9bn (£3.9bn) charge to compensate airlines following the prolonged grounding of the 737 MAX fleet after two crashes.The crisis-hit firm said lost sales, reduced production and the compensation payments it was expecting to hand over to date would cost it $ 6.6bn (£5.3bn). The sum does not include any provision for lawsuits expected to be filed by the families of those killed. Boeing boss refuses to quit after two deadly pl
Boeing takes $5bn hit over grounding of 737 Max

Boeing takes $5bn hit over grounding of 737 Max

Business
Boeing is taking a $ 4.9bn hit to cover the costs of the grounding of its 737 Max aircraft after two deadly crashes.The charge is set to wipe out profits when the world's biggest planemaker posts quarterly results next week.In a statement, Boeing also said its "best estimate at this time" is that 737 Max will return to service in the last three months of this year.A crash in Indonesia in October, followed by another in Ethiopia in March, killed 346 people in total.Boeing is facing one of the worst crises in its history after its best-selling aircraft was grounded worldwide after the disasters.Crash investigators have concentrated their efforts on the aircraft's control system and Boeing has been working with regulators to roll out a software upgrade. The ...