9 Stories

Megadeal's Collapse Shakes Up Arms Industry

Failure of BAE-EADS merger makes more big deals unlikely

(Newser) - A deal to create a European defense and aerospace giant to rival Boeing and Lockheed Martin has collapsed and more weapons megadeals now look unlikely, Reuters finds. The proposed $45 billion merger between Britain's BAE Systems and Airbus maker EADS fell through after political leaders in Britain, France, and... More »

Jet to Zoom From Paris to NYC in 90 Minutes

... But not for another 40 years

(Newser) - A jet in the works would travel four times the speed of sound—meaning a 90-minute flight from Paris to New York City or a 2-and-a-half-hour trip from Paris to Tokyo. ZEHRA is planned by the makers of the Concorde and would travel 3,125 mph, or twice as fast... More »

Boeing Threatens to Ditch Air Force Tanker Bid

Boeing demands extra 4 months in new bid in tanker war

(Newser) - 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... More »

McCain Sucked Into Boeing Battle

Campaign boss lobbied against Boeing for European Airbus

(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... More »

Boeing to Appeal $40B Contract

CEO claims 'serious flaws' in bidding

(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... More »

Airbus Was Intrepid, Boeing Arrogant on Tanker

Analysts say Boeing was arrogant, Airbus intrepid

(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... More »

US, Euro Alliance Landed Air Force Deal for Airbus

$40B contact took years of careful planning

(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... More »

Airbus, VW May Open US Plants

Weak dollar has European companies looking overseas

(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... More »

Airbus Execs Accused of Insider Trading

Ex-CEO, others sold millions before A380 delay announced

(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... More »

9 Stories