Governors of more than a dozen states are rushing to offer incentives such as subsidized training and infrastructure to convince Boeing Co. to move production of its new 777X jetliner out of Washington, where union members rejected a labor contract that froze pensions.
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.
Boeing Co., the world’s largest planemaker, rose the most in more than two years after boosting its annual profit forecast and beating analysts’ third-quarter estimates with an increase in jetliner deliveries.
Boeing Co . said its decision on a new narrow-body jet now may come “toward the end of the year,” pushing back an earlier target of mid-2011, as it considers a plane that’s only “slightly” bigger than the 737.
ANA Holdings Inc., the Japanese carrier whose fleet is dominated by Boeing Co. aircraft, will decide soon on placing an order for 25 jets, pitting the newest wide-body models of Airbus SAS and Boeing against each other.
President Barack Obama ’s export advisory group, headed by Boeing Co. Chief Executive Officer James McNerney and Xerox Corp. CEO Ursula Burns , released a report today recommending the government step up trade promotion and complete work on free-trade agreements.
Procter & Gamble Co. board members are dissatisfied with Chief Executive Officer Robert McDonald’s performance and are discussing a possible leadership change, according to people familiar with the situation.