Boeing Changes Management in Key Division
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Boeing Co. changed management of its commercial aircraft division yesterday, replacing the head of the sales team after losing several competitions to its European rival Airbus SAS.
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Management changes might make this a good value play.
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PARIS -- The head of Boeing Co.'s commercial aircraft unit yesterday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
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A Boeing subsidiary's legal woes bring to light one factor weighing on valuations for defense contractors.
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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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Bloomberg - Dec. 15 (Bloomberg) -- It didn't take Boeing Co. very long to realize the political landscape had been altered after the Democrats captured control of Congress.
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Discount carrier JetBlue Airways Corp.   named a new chief operating officer on Wednesday,  shoring up its management team just weeks after suffering a  major service meltdown.
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The head of Boeing Co.'s  commercial aircraft unit on Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
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The company has implemented changes to its leadership, business mix and culture under Frank Blake.
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Officials at the nation&#39;s No. 2 air carrier, United Airlines, say their are rapidly moving ahead with restructuring their system, which includes building their hubs while cutting back on other domestic service.
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Even as it works to put the scandals of 2004 to rest, aerospace giant Boeing Co. has turned its attention to the mounting challenges for 2005, chief among them slowing defense spending that could hobble the industry&#39;s largest programs.
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Government scrutiny of Boeing (BA:NYSE - news - research) appears to be widening, with federal prosecutors reportedly now looking at a $100 billion Army program Boeing oversees.
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Boeing Co. BA.N 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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A takeover attempt follows management shakeups at the biopharmaceutical firm.
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The Boeing Company, facing legal problems at the Pentagon and the Justice Department, has hired two politically experienced outside lawyers in several highly charged cases, a company official said Thursday.
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Portal will reorganize into three new units; COO to leave.
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Ford Motor Co. F.N on Tuesday named   Boeing Co. BA.N executive Alan Mulally to be its chief   executive officer, as Bill Ford Jr. ceded operational control   after a troubled five-year stint at the helm of the automaker   founded by his great-grandfather.