Boeing hit with harsh penalties

The Air Force took away at least $1 billion worth of rocket
contracts Thursday and suspended the aerospace giant from future
rocket work.
.....
Air Force Undersecretary Peter B. Teets called the number of
Lockheed documents in Boeing's possession -- more than 25,000
pages -- "extraordinary."
.....

Pete Teets was a bigwig at Martin Marietta before Lockheed
bought them out and created Lockheed Martin. Coincidence?


Casey

I think we might be seeing some of the last gasps from Boeing - they
certainly look to be on their knees at the moment, esp with the very empty
orders book -

http://active.boeing.com/commercial/orders/index.cfm

A total of 143 aircraft - and only one 747, compare to Airbus with 199, 21
one these being A380's

http://www.airbus.com/doc/media/orde...s/od_jun03.xls



"news" wrote in message
news:4h75ivcl13pkc36j6q1u723kkuoln0rc3k@news...
LOS ANGELES, July 25 (UPI) -- The Boeing Co. has been hit
with some of the harshest penalties ever imposed on a defense
contractor.
The Air Force took away at least $1 billion worth of rocket
contracts Thursday and suspended the aerospace giant from future
rocket work.
The Air Force said it was punishing Boeing for its "serious
violations of federal law" when it illicitly obtained thousands of
pages of trade secrets from aerospace rival Lockheed Martin Corp.,
the Los Angeles Times said Friday.
Air Force Undersecretary Peter B. Teets called the number of
Lockheed documents in Boeing's possession -- more than 25,000 pages
-- "extraordinary."
The Air Force said it would take away seven rocket contracts
worth about $1 billion from Boeing and give them to Lockheed,
leaving Boeing with contracts for 12 rockets and giving Lockheed 14.
In the initial competition, Lockheed won only seven contracts.

In article , AJC
wrote:

On Sun, 27 Jul 2003 08:41:27 +0530, "Rupert"
wrote:

I think we might be seeing some of the last gasps from Boeing - they
certainly look to be on their knees at the moment, esp with the very
empty
orders book -

http://active.boeing.com/commercial/orders/index.cfm

A total of 143 aircraft - and only one 747, compare to Airbus with 199,
21
one these being A380's

http://www.airbus.com/doc/media/orde...s/od_jun03.xls



It probably all hangs on this 7E7 project. If that fails, like the
farce with their sonic cruiser which never had a market, then things
really do look bad for Boeing.

There is folklore supporting that they can operate in a reduced mode.
It is said that a classic airhead blonde got on a 707 for the first
time, and ran up and down the first class aisle delightfully yelling
"Boeing! Boeing!"

Eventually, the captain came out and ordered "Young woman! Be silent!"

She thought for several minutes, and started running again.

"Oeing! Oeing!"

and defense employees get "treated" toa 4 hour course on "business ethics".
The floggings will continue until morale improves... (It wasn't the average
employee that hired the 'FORMER LOCKHEED EMPLOYEE' but they get to pay the
price - at least it all pays the same...)

"news" wrote in message
news:4h75ivcl13pkc36j6q1u723kkuoln0rc3k@news...
LOS ANGELES, July 25 (UPI) -- The Boeing Co. has been hit
with some of the harshest penalties ever imposed on a defense
contractor.
The Air Force took away at least $1 billion worth of rocket
contracts Thursday and suspended the aerospace giant from future
rocket work.
The Air Force said it was punishing Boeing for its "serious
violations of federal law" when it illicitly obtained thousands of
pages of trade secrets from aerospace rival Lockheed Martin Corp.,
the Los Angeles Times said Friday.
Air Force Undersecretary Peter B. Teets called the number of
Lockheed documents in Boeing's possession -- more than 25,000 pages
-- "extraordinary."
The Air Force said it would take away seven rocket contracts
worth about $1 billion from Boeing and give them to Lockheed,
leaving Boeing with contracts for 12 rockets and giving Lockheed 14.
In the initial competition, Lockheed won only seven contracts.

he wasn't the person who took the documents, though (and before anyone
misunderstands this issue, it was the former McD rocket folks who did the
dirty deed, NOT BOEING. (Boeing just caught the "fire for effect")

"Casey" wrote in message
arthlink.net...
The Air Force took away at least $1 billion worth of rocket
contracts Thursday and suspended the aerospace giant from future
rocket work.
.....
Air Force Undersecretary Peter B. Teets called the number of
Lockheed documents in Boeing's possession -- more than 25,000
pages -- "extraordinary."
.....

Pete Teets was a bigwig at Martin Marietta before Lockheed
bought them out and created Lockheed Martin. Coincidence?


Casey