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August 21, 2008 5:27:54 PM CDT

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Stories related to: EADS

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6 Stories

  • March 2008

    • McCain Sucked Into Boeing Battle

      Associated Press  |  Mar 12, 08 4:30 AM CDT

      McCain Sucked Into Boeing Battle

      (Newser) - John McCain is being dragged into the feud between Boeing and the Air Force, reports AP . A firm headed by McCain's campaign finance chairman, Tom Loeffler, was paid $220,000 to lobby on behalf of the Airbus, the successful European rival to Boeing's 767 fuel tanker. McCain had helped block an earlier, flawed Boeing contract for the tanker, and sent letters to the Pentagon in 2006 urging them to change bidding procedures that Airbus said were anticompetitive. More »

    • Boeing to Appeal $40B Contract

      Wall Street Journal  |  Mar 10, 08 8:09 PM CDT

      Boeing to Appeal $40B Contract

      (Newser) - Boeing vowed today to appeal a controversial $40 billion contract to build refueling tankers for the Air Force, the Wall Street Journal reports. "Our team has taken a very close look at the tanker decision and found serious flaws in the process," Boeing CEO Jim McNerney said. The Air Force awarded the contract to Northrop Grumman and Airbus, which ruffled US feathers by planning to build its tankers in France. More »

    • Airbus Was Intrepid, Boeing Arrogant on Tanker

      New York Times  |  Mar 10, 08 1:20 PM CDT

      Airbus Was Intrepid, Boeing Arrogant on Tanker

      (Newser) - Airbus won the Air Force's $35 billion contract for aerial refueling aircraft not only with a more competitive tanker, the New York Times reports, but by competing more aggressively. The French company, partnered with Northrup Grumman, built on spec a new plane-to-plane fuel boom and demonstrated it, while Boeing promised one but didn't build a prototype. Boeing offered an initial delivery of 19 planes by 2013, compared to Airbus’ offer of 49. More »

      Tags

      John McCain  • Boeing  • Airbus  • EADS

    • US, Euro Alliance Landed Air Force Deal for Airbus

      Wall Street Journal  |  Mar 3, 08 4:00 AM CST

      US, Euro Alliance Landed Air Force Deal for Airbus

      (Newser) - Years of careful strategy and an alliance between executives was the key to Airbus nailing a $40 billion deal to build Air Force planes, reports the Wall Street Journal . The Pentagon’s decision last week is “a transformational shift in the way weapons systems are acquired. It’s an acknowledgment that globalization is real," said Ralph Crosby Jr., the top US executive for Airbus parent EADS. More »

      Tags

      Pentagon  • Boeing  • airplane  • Airbus  • Air Force  • Northrop Grumman  • EADS

  • December 2007

    • Airbus, VW May Open US Plants

      Der Spiegel  |  Dec 4, 07 4:00 PM CST

      Airbus, VW May Open US Plants

      (Newser) - The dollar’s continued weakness against the euro has European companies such as Airbus and VW looking to move production to the US, reports Der Spiegel. “We don’t have a choice,” said the CEO of Aribus parent company EADS. If Airbus wins a contract to supply the US Air Force with 180 refueling jets, the company says it might build an assembly plant in Alabama. More »

      Tags

      US economy  • US dollar  • Airbus  • Volkswagen  • EADS

  • October 2007

    • Airbus Execs Accused of Insider Trading

      Daily Telegraph (UK)  |  Oct 4, 07 9:05 AM CDT

      Airbus Execs Accused of Insider Trading

      (Newser) - Accusations of "massive" insider trading by Airbus executives and shareholders have exploded into full-out political scandal. French investigators have learned that 21 top executives and two big shareholders in EADS, the Franco-German consortium that owns the airplane company, cashed in stocks shortly before Airbus announced a June, 2006, production delay for its A380. The setback caused shares to drop 30% in one day. More »

      Tags

      France  • Airbus  • insider trading  • Airbus A380  • EADS

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