Boeing CEO: Jet Market Recovery Slower
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Boeing Co. Chief Executive Harry Stonecipher said on Friday the U.S. aircraft maker's archrival Airbus was exaggerating the speed of recovery in the commercial airplane market.
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The co-head of European  aerospace firm EADS  admitted its Airbus unit had  clearly underestimated archrival Boeing  and said the  priority was to fix problems at Airbus, which is trailing its  U.S. competitor in aircraft sales.
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The Dow Jones industrial average and S&P 500 index rose slightly on Wednesday, helped by aircraft manufacturer Boeing Co. , but investors were mostly staying on the sidelines before the Federal Reserve's statement on interest rates.
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The nationâs fleet of commercial planes is aging as carriers put off buying more comfortable and fuel-efficient jets.
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Boeing Co.  suffered a blow with  the exit of top executive Alan Mulally, and may face further  management departures, industry-watchers said on Wednesday, but  the planemaker is seen as staying on track as sales of its  planes boom.
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American Airlines, the world&#39;s largest carrier, said Monday that it would delay the deliveries of 54 Boeing planes to save $2.7 billion through 2010.
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Sales of commercial aircraft boost profits at the US plane manufacturer Boeing as military sales fall.
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Boeing (BA :NYSE - news - research) shares slipped Monday after the plane maker and AMR (AMR :NYSE - news - research) agreed on a deal allowing the parent of American Airlines to defer 54 of 56 aircraft originally scheduled for delivery between 2006 and
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Boeing Co  is confident it can meet its goal to roll its first 787 "Dreamliner" jet off the production line on July 8, the U.S. plane maker's chief executive said in a newspaper interview published on Friday.
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CHICAGO -- Boeing Co., the world's No. 2 commercial airplane maker, said Wednesday that it posted its best profit in nearly four years as its third-quarter earnings climbed 61 percent because of higher commercial airplane deliveries and growth in its defense business.
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Boeing Co  on Wednesday pushed back the first test flight of its new 787 Dreamliner to a range of mid-November to mid-December, about three months later than originally planned, as it struggles with uncompleted work by suppliers, delays in programming the flight control software and a shortage of bolts.
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The co-chief executive of EADS said the parent of the airplane manufacturer Airbus will be in a better position at the end of 2006 despite a turbulent year that saw major delays in the A380 superjumbo airliner program and a loss of ground to U.S. rival Boeing Co.
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Planemaker Boeing Co. expects Pentagon budget cut proposals to hit its top defense programs, the head of its military business said in a newspaper interview published on Friday.
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In the 1990s, as their European rival Airbus Industrie gobbled up market share, senior executives at aircraft builder Boeing Co. -- aviation engineers, financial analysts, retired military brass -- spent hours at team meetings reviewing the Boeing advertising campaign.
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Boeing (BA:NYSE - news - research) shares lost ground Wednesday after media reports indicated China is unlikely to make additional aircraft purchases next year.
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The best performing Dow stock this year is one that&#39;s had more than its share of trouble with investors in recent years -- Boeing Co.
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Prospects of a speedy settlement in the tit-for-tat transatlantic clash over aircraft subsidies appeared dim on Wednesday as a case involving Boeing Co  resumed at the World Trade Organization (WTO).