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| US: Boeing reports $623 million profit, surge in defense revenue
by Dave Carpenter, Associated Press
April 28th, 2004
Boeing Co. rode an 18 percent surge in revenue from its defense contracting unit to a far-better-than-expected $623 million profit in the first quarter and raised its earnings estimates for 2004 and 2005. |
| US: Probe of Boeing, Documents Expanded
by Renae Merle, Washington Post
April 28th, 2004
A criminal investigation into whether Boeing Co. used stolen Lockheed Martin Corp. documents to win an Air Force contract has grown to include an examination of NASA contract competitions, sources close to the inquiry said yesterday. |
| US: Boeing Turns to New CEO and the Pentagon
by Julie Creswell, Fortune
April 19th, 2004
The aerospace giant saw its blue-chip reputation and cherished status as an innovator flipped upside down last year. Two of its top executives became entangled in an ethics investigation by the Pentagon, while other employees faced criminal charges involving industrial espionage. The government penalized Boeing by canceling rocket launches valued at about $ 1 billion and is holding up a $ 17 billion aerial tanker contract.
Furthermore, Boeing infuriated investors with a billion-dollar surprise charge last summer. And underlying this sorry litany was a simpler, larger problem: In 2003, for the first time, Boeing sold fewer planes than the other global aviation superpower, Europe's Airbus Industrie.
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| Contractors are Cashing in on the War on Terror
World Policy Institute
February 24th, 2004
"With the Pentagon budget at $400 billion per year and counting, plus a new Department of Homeland Security with a $40 billion per year budget, plus wars in Afghanistan and Iraq that have cost $180 billion to date, these are lucrative times to be a military contractor." |
| US: Making Money On Terrorism
by William D. Hartung, The Nation
February 5th, 2004
We all know that Halliburton is raking in billions from the Bush Administration's occupation and rebuilding of Iraq. But in the long run, the biggest beneficiaries of the Administration's "war on terror" may be the "destroyers," not the rebuilders. The nation's "Big Three" weapons makers--Lockheed Martin, Boeing and Northrop Grumman--are cashing in on the Bush policies of regime change abroad and surveillance at home. |
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