Boeing withdraws from $85b Pentagon bid, cites inability to compete
Boeing recently announced its withdrawal from the bid for an 85 billion USD Pentagon contract to replace aging nuclear missile systems, stating that rival company Northrop's acquisition of Orbital ATK, a solid rocket motor manufacturer, meant that Boeing could no longer reasonably compete with their offer. With no other offers expected, Northrop is expected to win the bid automatically.
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Boeing CEO predicts a major airline to go bankrupt
Boeing CEO Dave Calhoun said in a recent interview that he thinks a major US airline will go out of business by September this year due to the coronavirus pandemic. “I don’t want to get too predictive on that subject, but yes, most likely,” he said in an interview on NBC’s “TODAY” show. “You know, something will happen when September comes around.” He didn’t name the airline though
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Boeing to restart commercial airplane production in Seattle
Boeing said on Thursday it will restart production of its commercial airplanes next week in the Seattle area, putting about 27,000 people back to work after operations were suspended because of the COVID-19 pandemic. Boeing operates two commercial aviation production facilities in the Seattle area, one in Everett and another in Renton. Operations at Boeing plants in South Carolina remain suspended, officials said.
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Amazon appeals Microsoft Pentagon contract
Amazon has requested the court to issue a halt judgment on Microsoft's contract with the Pentagon, worth over 10 billion USD over 10 years. Amazon was initially favored to win the bid, which involves transitioning the Department of Defense's data to a cloud-based storage and analysis system. The contract was instead awarded to Microsoft, a decision which has been challenged in courts by Amazon.
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New Boeing chief sends teams back to the drawing board
Dave Calhoun, the newly appointed CEO of Boeing, has stated that the company will go back to the drawing board amid the deepening MAX 737 crisis which is set to cause the company billions of dollars in losses. The new plane will be midsize, designed for seating 220-270 passengers. Calhoun believes digital technology will help massively speed up the design and production of the plane.
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