NEWS ABOUT: EADS
EADS stories: 7 news briefs
Boeing demands extra 4 months in new bid in tanker war
Wall Street Journal Aug 22, 08 4:27 AM CDT
(Newser Summary) -
Boeing has warned the Pentagon it will pull out of the new bidding to build a fleet of air tankers unless it gets an extra four months to prepare a bid, the Wall Street Journal reports. A Boeing pullout would leave the Air Force with no competition for a $35 billion contract to replace 179 aging refueling planes.
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Campaign boss lobbied against Boeing for European Airbus
Associated Press Mar 12, 08 4:30 AM CDT
(Newser Summary) -
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.
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CEO claims 'serious flaws' in bidding
Wall Street Journal Mar 10, 08 8:09 PM CDT
(Newser Summary) -
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.
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Analysts say Boeing was arrogant, Airbus intrepid
New York Times Mar 10, 08 1:20 PM CDT
(Newser Summary) -
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.
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$40B contact took years of careful planning
Wall Street Journal Mar 3, 08 4:00 AM CST
(Newser Summary) -
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.
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Weak dollar has European companies looking overseas
Der Spiegel Dec 4, 07 4:00 PM CST
(Newser Summary) -
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.
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Ex-CEO, others sold millions before A380 delay announced
Daily Telegraph (UK) Oct 4, 07 9:05 AM CDT
(Newser Summary) -
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.
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