Boeing, US Navy Conduct Successful F/A-18E/F Satellite Communications Test

June 13th, 2012 by InvestorPoint

– New capability designed to provide 2-way secure SATCOM for Super Hornet aircrews ST. LOUIS, June 13, 2012 /PRNewswire/ — Boeing (NYSE: BA) and the U.S. Navy have successfully completed an in-flight demonstration of a satellite communications (SATCOM) system that, if implemented, will enable F/A-18E/F Super Hornet aircrews to conduct two-way, secure voice and data communications with other SATCOM-enabled aircraft, ships, ground forces and command centers. The test took place May 23-30 at the Na…continued

Boeing Celebrates First Delivery to Avolon

June 8th, 2012 by InvestorPoint

- Next-Generation 737-800 first of 12 on order – Japan Airlines to operate the airplane SEATTLE, June 8, 2012 /PRNewswire/ — Boeing [NYSE: BA] and Avolon celebrated today the first direct-order airplane delivery to the Dublin-based leasing company. Avolon took delivery of the first of 12 Next-Generation 737-800s ordered in December 2009. The airplane will be operated by Avolon’s airline customer, Japan Airlines. “We are pleased to take delivery of the first of twelve new Next-Generation 737-800…continued

Boeing Delivers Air Lease Corporation’s First Next-Generation 737-800

June 4th, 2012 by InvestorPoint

- Next-Generation 737-800 to be cornerstone of ALC’s fleet portfolio – Airplane to be operated by Korean Air SEATTLE, June 4, 2012 /PRNewswire/ – Boeing (NYSE: BA) celebrated today its first new airplane delivery to Air Lease Corporation (ALC) from their order placed during the 2010 Farnborough Air Show. The Los Angeles-based leasing company took delivery of a Next-Generation 737-800, which will be leased from ALC and operated by Korean Air. “This delivery is another major step in ALC’s miss…continued

Boeing Designs Advanced Technology Winglet for 737 MAX

May 2nd, 2012 by InvestorPoint

New technology to give MAX customers up to additional 1.5% fuel-burn reduction RENTON, Wash., May 2, 2012 /PRNewswire/ – Boeing (NYSE: BA) announced today a new winglet design concept for the 737 MAX. The new Advanced Technology winglet will provide MAX customers with up to an additional 1.5 percent fuel-burn improvement, depending on range, on top of the 10-12 percent improvement already offered on the new-engine variant. (Photo: “…continued

Boeing Awards Direct Contract to Mubadala Aerospace’s Strata Facility to Produce Composite Aerostructures for 777 and 787 Dreamliner

April 17th, 2012 by InvestorPoint

- Strata signs 10-year direct supply contract to produce ribs for 777 and 787 Dreamliner – Boeing and Strata formalize long-term vision for Strata’s future role as Tier 1 supplier ABU DHABI, United Arab Emirates, April 17, 2012 /PRNewswire/ — Boeing (NYSE: BA) and Mubadala Aerospace today announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace’s advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreaml…continued

South America cool toward U.S. free trade pact pitch?

December 20th, 2011 by InvestorPoint

SAO PAULO, Dec. 20 (UPI) — U.S. President Barack Obama is pitching for more trade with Latin America at a time when potential partners hope to extract maximum concessions out of Washington, which they see as needier than their booming economies. Obama’s aides have been pushing for a refloating of the idea of free trade agreement with Latin America since the president visited Brazil last March. Like Obama’s diplomatic initiative, outlined in November, for greater political rapport with the region, the…continued

Obama says int’l trade will lead to jobs

November 19th, 2011 by InvestorPoint

BALI, Indonesia, Nov. 19 (UPI) — President Obama, in Indonesia for a regional summit, spoke Saturday about the need for the United States to build up its international trade. Obama said during his weekly multimedia address to the American public that in the past decade the United States has “relied too much on what we bought and consumed.” “We racked up a lot of debt, but we didn’t create many jobs at all,” the president said. “If we want an economy that’s built to last and built to compete, we have …continued

Economic Outlook: Sketching contagion

November 16th, 2011 by InvestorPoint

For now, the U.S. economy seems to be showing signs that it can distance itself from Europe’s viral debt issues. Not everyone expects that to last. This week, the Bureau of Labor Statistics said producer prices fell in October, a strong sign that inflation remains under control. The New York Federal Reserve said manufacturing in the Empire State pulled up to breaking even in October after six consecutive months of contraction. The unemployment rate, after three months of holding stagnant at 9.1 percent,…continued

Gulf arms sales vital for U.S. companies

November 15th, 2011 by InvestorPoint

DUBAI, United Arab Emirates, Nov. 15 (UPI) — The Pentagon’s reported plan to sell the United Arab Emirates nearly 5,000 bunker-buster bombs to counter Iran is part of a move to strengthen Arab monarchies of the Persian Gulf as the U.S. withdrawal from Iraq nears completion. But it’s also a lifesaver for U.S. defense contractors who’re having to rely on exports to keep assembly lines running because of hefty cuts in military spending at home after the feeding frenzy of the post-Sept. 11 era. “The defe…continued

The almanac

October 29th, 2011 by InvestorPoint

Today is Saturday, Oct. 29, the 302nd day of 2011 with 63 to follow. The moon is waxing. The morning stars are Mercury, Neptune, Uranus and Venus. The evening stars are Saturn, Jupiter and Mars. Those born on this date are under the sign of Scorpio. They include Scottish biographer James Boswell in 1740; singer/composer Daniel Decatur Emmett, who wrote the words and music for “Dixie,” in 1815; comedian/singer Fanny Brice in 1891; Nazi propaganda chief Joseph Goebbels in 1897; political cartoonist …continued

Arab states keep U.S. atop arms market

September 30th, 2011 by InvestorPoint

BEIRUT, Lebanon, Sept. 30 (UPI) — Saudi Arabia was the leading buyer of U.S. weapons in 2003-10, receiving arms worth $29 billion, the U.S. Congressional Research Service’s latest report on arms transfers stated. That’s not counting the $60 billion Riyadh is expected to spend on U.S. military purchases — including combat jets, warships and missiles — over the next decade. Lockheed Martin, Boeing, Sikorsky Aircraft Corp. and Raytheon will be major beneficiaries of the biggest U.S. arms deal on recor…continued

Markets stumble Friday

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — U.S. markets slipped Friday after the Commerce Department said incomes fell 0.1 percent in August, the first drop in 22 months. Personal spending rose 0.2 percent in August, down from a 0.7 percent monthly gain in July. With few exceptions, stocks in Asia and Europe were lower despite the German Parliament’s approval Thursday of an expansion to the bailout fund meant to help struggling eurozone countries. The Taiwanese TAIEX index rose 0.6 percent. In Australia, the SP/AS…continued

Crude oil slides

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — Crude oil prices fell Friday, losing $1.45 to $80.68 a barrel on the New York Mercantile exchange and ending September 10 percent lower. “As uncertainty surrounds both the European debt situation and the global economy generally, crude remains highly volatile and under the influence of general market sentiment. Hence, equities sell off, the dollar strengthens and crude heads lower,” Matt Smith, analyst with Summit Energy, a subsidiary of Schneider Electric, told MarketWatch.c…continued

Economic Outlook: Bank on it

September 30th, 2011 by InvestorPoint

Is anyone surprised by U.S. banks lining up to announce new fees on debit cards, given the profits swiped away by a law limiting “swipe fees.” Banks, it might be said, are the monarchs of money in that, all things being equal, they don’t take no for an answer. When Congress limited the fees banks could charge for customers swiping debit cards for purchases, it was a matter of when, where and how much banks would invent a replacement fee. Did anyone have any doubts on this? Reportedly, Bank of Americ…continued

USGS touts Afghan mineral wealth

September 30th, 2011 by InvestorPoint

WASHINGTON, Sept. 30 (UPI) — The 24 formations of metals and minerals in Afghanistan have the potential to provide a major boost to its economy, a U.S. Defense Department official said. The U.S. Geological Survey announced that its work with the U.S. Defense Department and the Afghan Geological Survey yielded “volumes of information” about copper, gold, iron and rare earth elements in Afghanistan. USGS Director Marcia McNutt said disclosure of the resource potential in Afghanistan might allay concern…continued

The almanac

September 30th, 2011 by InvestorPoint

Today is Friday, Sept. 30, the 273rd day of 2011 with 92 to follow. The moon is waxing. The morning stars are Mercury, Neptune, Uranus, Venus and Saturn. The evening stars are Jupiter and Mars. Those born on this date are under the sign of Libra. They include German physicist Hans Geiger, co-inventor of the Geiger counter, in 1882; film director Lewis Milestone (“All Quiet on the Western Front”) in 1895; singer Kenny Baker in 1912; drummer Buddy Rich in 1917; novelist Truman Capote in 1924; baseba…continued

Egyptians call for end of emergency period

September 30th, 2011 by InvestorPoint

CAIRO, Sept. 30 (UPI) — Presidential candidates in Egypt demanded that emergency laws be lifted Friday, the last day of a state of emergency the ruling council declared in March. Six presidential candidates issued a statement Thursday, urging the Supreme Council of the Armed Forces not to extend the emergency law unless it provides a satisfactory reason for doing so, al-Masry al-Youm reported. The candidates said a presidential election should be conducted before the end of the year. Activists and …continued

Survey shows Afghanistan’s mineral wealth

September 29th, 2011 by InvestorPoint

KABUL, Afghanistan, Sept. 30 (UPI) — A joint U.S.-Afghanistan survey has determined Afghanistan has high mineral potential the Kabul government can develop. The U.S. Geological Survey said it participated in the survey with the U.S. Department of Defense and the Afghan Geological Survey. It said extensive research by the agencies “has yielded volumes of information about areas of high mineral potential in Afghanistan, including rare earth elements, gold, iron, and copper.” Many of the mineral priorit…continued

Gold sits on $1,616

September 29th, 2011 by InvestorPoint

NEW YORK, Sept. 29 (UPI) — Gold prices were flat Thursday in New York with the dollar index down 0.23 percent. On the Comex division of the New York Mercantile Exchange, gold gave up $2.10 an ounce, a fraction of the $41.80 it gave up in the previous trading session. Gold on Thursday dropped to $1,616 per troy ounce with equities mixed on Wall Street. The Dow Jones industrial index rose 1.3 percent. The broader Standard and Poor’s 500 index gained 0.81 percent but technology stocks on the Nasdaq co…continued

Japanese auto supplier to pay $200M for price scam

September 29th, 2011 by InvestorPoint

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to 18 months after pleading guilty to their part in the scam, the department said in a statement. Four separate one-count felony charges were filed in the U.S. District Court for the Ea…continued