Howard Rubel News
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Boeing Co. has started to market an upgrade of its 777 jet, the company’s biggest twin-engine model, as it nears a final decision to build the plane amid mounting pressure from Airbus SAS’s A350.
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Less than a year ago, Airbus SAS was struggling to secure orders for its biggest A350 variant as airlines decried the plane as flawed. Now the company is trying to figure out how to meet resurgent demand.
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As government regulators investigate Boeing Co.’s 787 Dreamliner and company engineers search for solutions, investors and analysts are grappling with the bottom- line question: How much will the plane’s grounding cost?
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Spirit AeroSystems Holdings Inc., which builds sections of every Boeing Co. airplane, named the former head of Lockheed Martin Corp.’s F-35 program as its new chief executive officer.
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Lockheed Martin Corp. received a $333.7 million U.S. downpayment to buy initial parts, components and materials for an eighth batch of F-35 jets, as the Pentagon locked in the funds hours before automatic budget cuts begin.
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Northrop Grumman Corp ., the third largest U.S. defense contractor, has potentially set a precedent for other defense giants by spinning off its $6.7 billion ship unit as Huntington Ingalls Industries Inc.
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U.S. regulators said they will perform a far-reaching review of the design, manufacturing and assembly of Boeing Co.’s 787 Dreamliner after a fire on a Japan Airlines Co. jet this week and several incidents last year.
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Lockheed Martin Corp., the world’s largest defense contractor, forecast record profit in 2013 even as the company and other suppliers to the Pentagon face the prospect of spending cuts to reduce the U.S. deficit.
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Boeing Co.’s suppliers in Japan that doubled their share of parts going into the 787 Dreamliner over previous models now find themselves at greater risk with no end in sight to the jet’s grounding.
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A telling image of the development of Boeing Co.’s 787 Dreamliner came in mid-2011, when dozens of them sat, unfinished, crammed into nooks and crannies around Boeing factories and rented tarmacs spread across two states. Concrete blocks hung from their wings to prevent them from tipping because they didn’t have engines to keep them balanced.
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