Boeing has long been one of the most important names in American engineering, but the revered company has run into its fair share of trouble as it continues its development of its much-hyped 787 Dreamliner project. The company has been forced to record a $1 billion charge on its 747-8 jet and will delay the jet’s first flight until early next year.
Lengthy delays have caused Boeing to lose a significant amount of credibility, with Boeing having failed to meet several important deadlines and continuously pushing back the unveiling of its revamped 747 and its Dreamliner programs. Boeing has invested a …read more

The Boeing Company was recently recognized for their support of Operation Homefront Village in San Antonio, Texas. Operation Homefront Village provides a number of services including housing for wounded warriors.
Said Kevin Devine of Boeing: “The Boeing Company knows the importance of supporting the warfighter, whether in battle or after they have returned home. Operation Homefront Village in San Antonio not only takes care of our wounded warriors but also gives their families care and support as the injured service member prepares to transition to civilian life.”
At the Operation Homefront Village, veterans receive help in the may forms including workshops, support …read more

In their latest forecasts, Boeing theorizes that the Asia Pacific region will grow tremendously in the next 20 years. According to Boeing, in the next two decades that area of the world will need nine thousand new commercial jets. Those commercial jets would cost more than one trillion dollars.
Randy Tinseth of Boeing points out how much the Asia Pacific region has changed over the last sixty years.
Said Tinseth: “Twenty years from now more than 40 percent of the world’s airline traffic will begin, end or take place within the Asia Pacific region. That’s a big leap for a region that …read more

Despite the hype surrounding Boeing’s development of its 787 Dreamliner, a lighter and more fuel-efficient plane than other airliners, the company has had plenty of trouble getting the jet into the hands of the airlines. Boeing confirmed Friday that it was forced to halt production of certain fuselage sections for the jet in June after discovering wrinkles on the carbon composite skin.
The parts have been manufactured by an Italian company called Alenia Aeronautica, one that has had significant amounts of experience in producing composite materials. For this reason, industry experts have raised questions whether or not the problem was caused …read more

Boeing has had some economic troubles as of late. However, the American company recently got some news out of Africa. Ethiopian Airlines has ordered five Boeing 777-200LRs for an estimated price of $1.3 billion.
Ethiopian Airlines is headquartered in Addis Ababa, Ethiopia and has previously placed orders with Boeing.
Said Ato Girma Wake, the CEO of Ethiopia Airlines: “The Boeing 777 will be integral as we bring our business to the next level. Boeing has been an important and valued partner to Ethiopian for many, many years. This order reinforces the deep ties between our two companies.
Boeing believes that this order will …read more

Qantas Airways Limited, the largest airline in the country of Australia, has canceled or delayed a total of 30 aircraft orders with Boeing. This even more proof that the United States doesn’t have a monopoly on struggling airlines.
“Qantas announced its original B787 order in December 2005, explained Alan Joyce, the CEO of Qantas, “and the operating environment for the world’s airlines has clearly changed dramatically since then.”
With people around the world not having as much disposable income, travel has slowed. While recent months have seen a slight increase, overall the lack of passengers has hurt nearly every airline on the …read more

Everybody has to make a living, and for U.S. defense companies, making a living may involve selling increasing quantities of goods to foreign countries. This comes in response to Defense Secretary Robert Gates’ slashing of a variety of defense programs in order to trim the federal budget.
Experts in the field expect U.S. defense spending to taper off in the years to come, forcing U.S. defense companies to appeal to foreign buyers in order to make up the difference. Defense companies have even begun to expand the definition of “global security” to include a variety of infrastructural goods, like clean water, …read more

Insitu, a subsidiary of Boeing, recently received a $250 million contract from the United States federal government. The company, which specializes in unmanned aircraft systems, had previously gotten a contract from the Canadian government.
According to the Seattle Times, Insitu had total revenue in 2008 of less than $150 million, so obviously this is big news for the company that is based in the tiny city of Columbia River, Washington. With a population of less than 700, Columbia River relies upon Insitu for a lot of its income.
Insitu’s most known product is the ScanEagle drone, an unmanned aircraft that move and …read more

Originally supposed to take flight during the summer months of 2007, the Boeing 787 Dreamliner is expected to be in the air at some point in the next 90 days. Although Boeing is two years behind their initial time frame goals, they now believe that they will be able to begin officially selling the planes in early 2010.
According to reports, Boeing already has more than 850 orders for the 787 Dreamliner. This aircraft, which is being built with carbon composite in the city of Seattle, Washington, has some features that industry experts believe could make it the most popular type …read more

The world financial crisis continues to hammer Boeing, the aerospace giant. Earlier in 2009, the company announced that it will be forced to eliminate approximately 10,000 jobs. Now, Boeing says that they will limit their production of planes in 2010, which will likely result in additional job losses.
Not only are airlines around the world struggling with the money needed to purchase new planes, the travel industry on the whole is struggling. Both travel for business and travel for pleasure is down compared to this point last year in nearly every country on the globe. All of that adds up to …read more