Boeing took a hard hit on the Defense budget announced today by Sec. Robert Gates. The C-17 program will be canceled after the current contract is filled. The CSAR-X helicopter procurement is canceled. The Airborne Laser system based… Read More
Following the annual ISTAT meeting in March, we published a piece about the Boeing view of the so-called funding gap for 2009: the financing shortfall seen by just about everyone except Boeing and Airbus as between $10bn and… Read More
Update, April 3: The New York Times has this long piece on the prospect of a split procurement. Original post: It is a subtle but major shift on the controversial proposal to split the KC-X aerial tanker contract… Read More
Airbus may scrap the troubled A400M program, according to this London Telegraph report of a Der Spiegel interview with Airbus CEO Tom Enders. Peugeot Citroen fired Christian Streiff, who designed the Power8 restructuing program for Airbus but then… Read More
Update, March 26, 2:20PM PDT: Bloomberg News moved this piece in which ILFC’s CEO says he’ll get the lessor out from under AIG’s “cloud.” Original Post: Mega-lessor International Lease Finance Corp. filed its 2009 10K annual report March… Read More
The countdown is underway for the outstanding order of 10 Airbus A380s by mega-lessor International Lease Finance Corp. ILFC was an early customer for the super-jumbo jet and suffered two year delays along with the other customers when… Read More
We were at the ISTAT conference this week, one of the largest aviation conferences in the world, where 1,000 aviation professionals gather for the Spring Annual General Meeting to assess the current state of the market. And the… Read More
Only a few days ago, President Obama’s Office of the Management and Budget suggested delaying the tanker competition for five years. Now the Wall Street Journal reports that another House Member wants to split the tanker acquisition. You… Read More
EADS, parent of Airbus, posted its financial results for 2008. The press release may be obtained here. EADS summaries of the results: Group EBIT* of € 2.8 billion – supported by excellent underlying performance, significant positive foreign currency… Read More
CQ Politics reported late Monday night that the White House has told the Pentagon to delay procurement of the KC-X tanker. See the story here. Update, March 10: DOD Buzz has this item speculating the suggestion to cut… Read More