Sears Sentenced, Will Boeing Bounce? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.30.15

Airborne 01.30.15

Mon, Feb 21, 2005

Sears Sentenced, Will Boeing Bounce?

Aerospace Firm Rolls Out Its New Aerial Tanker This Week

Boeing this week rolls out its KC-767 at the Wichita plant -- the first new aerial refueling tanker design the company has built in some 50 years. This model goes to the Italian Air Force. But in the midst of an ongoing scandal investigation by the Pentagon, it's still up in the air whether the Boeing tanker will fly for the US Air Force.

The Italian job is scheduled for flight-testing between now and the time it's actually delivered to Rome -- next year. Before it actually goes into service, the KC-767 will be modified in Italy. It's one of four such aircraft slated for delivery to that country.

But Boeing will celebrate the delivery in a big way, hoping to be noticed in Washington, where the KC-767 is competing against a version of the Airbus A330 for a $23.5 billion Pentagon contract. It was a contract that Boeing had won, but then lost because the USAF employee in charge of tanker negotiations cheated on the Chicago company's behalf. Darleen Druyun later accepted a high-paying job with Boeing. But that didn't last long. She and Boeing CFO Michael Sears were fired, after the Pentagon launched an investigation into the scandal. Boeing CEO Phil Condit abruptly resigned in the wake of the ordeal. Druyun is already serving a prison sentence for her part in the scandal. Friday, Sears was handed a four-month prison term for his part.

The Air Force is now investigating the propriety of several other Boeing contracts, trying to determine whether they were also tainted by Druyun's actions.

The Wichita Eagle reports Boeing has already written off the loss of the tanker contract. The company has just 25 outstanding orders for 767s and says it will shut down its production line if the tanker contract doesn't come through. Once the line is shut down, 750 Wichita workers will either be transferred to other production lines or get pink slips. And if that happens, analysts say there's very little chance that the line will be restarted.

FMI: www.boeing.com

Advertisement

More News

Citizen Scientists Lead Astronomers To Mystery Objects In Space

'Yellow Balls' Discovered By Volunteers Studying Spitzer Images Sometimes it takes a village to find new and unusual objects in space. Volunteers scanning tens of thousands of star>[...]

Aero-News: Quote Of The Day (02.01.15)

"While this star formed a long time ago, in fact before most of the stars in the Milky Way, we have no indication that any of these planets have now or ever had life on them. At th>[...]

ANN's Daily Aero-Term (02.01.15): Final Approach Fix

Final Approach Fix The fix from which the final approach (IFR) to an airport is executed and which identifies the beginning of the final approach segment. It is designated on Gover>[...]

Air Ambulance Market Size, Vendor Landscape Analyzed In New Report

New Global Air Ambulance Research Report Shows Projected Growth Of Nearly Ten Percent The Global Air Ambulance market is expected to grow at a CAGR (Compound Annual Growth Rate) of>[...]

US Navy Approves F/A-18 IRST System For Production

Long-Range Sensor System Demonstrated Production Readiness On Super Hornet The F/A-18 Super Hornet infrared search and track (IRST) system, developed and integrated by Boeing and L>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC