Category Archives: Aerospace
GE returns to roots as it looks to spin off NBC
Stephen Manning, AP Business Writer
WASHINGTON (AP) — For General Electric Co., the NBC entertainment division was always an odd fit.
One of the nation’s iconic industrial businesses, GE has spent 23 years making sitcoms and blockbuster movies along with jet engines, dishwashers and light bulbs. The pairing of glitzy entertainment and gritty manufacturing has often confounded [...]
Boeing Picks South Carolina for Dreamliner Plant
By Peter Sanders
CHICAGO—Boeing Co. said it would build a second final assembly line for its troubled 787 Dreamliner jet in South Carolina, a move that spurns the powerful aircraft machinists’ union that had been negotiating with Boeing to locate the work at the current factory near Seattle.
Boeing has been laying the groundwork for a new [...]
Boeing Posts $1.56 Billion Loss
By JOAN E. SOLSMAN
Boeing Co. swung to a third-quarter loss on $3.5 billion of previously disclosed charges caused by the delay-plagued programs for the 747-8 Freighter and the 787 Dreamliner.
The commercial-aircraft manufacturer and defense contractor lowered its forecast for 2009 earnings to between $1.35 and 1.55 a share, down more than $4 from its July [...]