Content about Boeing

Boeing ended 2011 on a high with a 20 percent rise in net income for the fourth quarter, and 21 percent for the year as a whole, partly due to an increase in sales of commercial aircraft.

Net income for Q4 2011 was $1.39 billion, compared with $1.16 billion last year, while net income for the year was $4 billion, compared with $3.3 billion in 2010.

Revenues from commercial aircraft increased 31 percent in the final quarter compared to 2010, from $8.1 billion to $10.4 billion. For the years as a whole they were up 14 percent, from $31.8 billion to $36.2 billion.

The Kingdom of Saudi Arabia is to purchase 84 new Boeing F-15 fighter aircraft from the US government and upgrade 70 of its existing F-15s.

Boeing chairman, president and CEO Jim McNerney welcomed the announcement. "For Boeing, this agreement represents the continuation of an enduring partnership between the company and the Kingdom that dates back to 1945 when President Franklin D. Roosevelt presented a DC-3 Dakota airplane to King Abdulaziz Al-Saud, the founder of the Kingdom of Saudi Arabia," he said.

UK manufacturer Avingtrans has been awarded a £3 million, three-year contract to supply rigid pipe assemblies to a market leader in the provision of flight controls.

Sigma Precision Components, a unit within Avingtrans' Aerospace division, has won the contract to deliver rigid pipe assemblies to a customer supplying clients across the aerospace and defence sectors, including Boeing.

Avingtrans manufactures components and provides associated services to the medical, energy, industrial and global aerospace sectors.

The Boeing 787 Dreamliner arrived yesterday in Beijing, marking its debut in mainland China.

The arrival of the all-new jet marks the start of a six-month worldwide ‘Dream Tour’.

The aircraft will be in China, one of the world’s fastest-growing aviation and travel markets, until December 11, with stops in Beijing, Guangzhou and Haikou.

The tour will give Chinese customers, partners, government officials and media the opportunity to experience the new jet first-hand, Boeing said.

Boeing has announced an order from the Dubai-based Emirates Airline for 50 Boeing 777-300ERs (extended range) plus options for an additional 20 of the popular twin-aisle commercial jetliner.

Valued at $18 billion, this is the single largest commercial airplane order by dollar value in Boeing's history. It also makes 2011 the best-selling year for the 777 program, surpassing the previous record of 154 orders set in 2005.

Boeing celebrated a historic occasion on Friday 26 August when the 787 Dreamliner was officially certified fit to fly.

In a ceremony at Boeing’s assembly plant in Everett, Washington state, officials from the US Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) presented certificates to verify that the 787 has been tested and found to be in compliance with all US and European regulations.

AMR Corporation, the parent company of American Airlines and American Eagle, announced landmark agreements today with both Airbus and Boeing to replace and transform American's narrowbody fleet over five years.

These new aircraft will allow American to reduce its operating and fuel costs and deliver state-of-the-art amenities to customers, while maximizing financial flexibility for the company.

The World Trade Organization has ruled that Boeing did receive subsidies “inconsistent” with the Subsidies and Countervailing Measures Agreement, but not nearly as much as had been claimed by Europe on behalf of Airbus.

European countries had complained that Airbus had suffered because of payments and/or incentives to Boeing amounting to $19.1 billion between 1989 and 2006.

Over 40 years after the original Boeing 747 stunned the world in September 1968, Boeing unveiled its new 747-8 Intercontinental yesterday at the same factory in Everett, Washington.

Sunday's event, branded "Incredible, Again", took place in front of a crowd of almost 10,000 Boeing employees, their families, government officials, partners, suppliers and industry VIPs.

In an effort to attract buyers for its much-delayed 787 Dreamliner, Boeing today announced it will introduce a rotable exchange services program to support the operation of the aircraft.

The program will help airline customers reduce inventory costs by providing access to a Boeing-managed inventory pool of parts, available to ship within 24 hours of request.

Well-established cargo carrier Evergreen International Airlines isn’t resting on its laurels—it’s using corporate introspection to improve efficiencies for the future, David Hendricks learns.

Growth can come from expensive acquisitions, or as with Air Industries Machining, it can come organically by making the business ready for new opportunities when they arise, Alan Swaby learns.