Boeing told employees at its Wichita, Kan., plant that several buyers were looking at the factory, although it also said the sale was not a "done deal." There was a report that the favored buyer, U.K. aerospace parts maker GKN, was no longer interested in the plant.
CEO Harry Stonecipher said yesterday that Boeing's efforts in support of the Air Force tanker deal were dependent on the opinion of Sen. John McCain, R-Ariz. Stonecipher said he believes Boeing needs to "convince Sen. McCain that the process is being done properly, and if there are any issues that have to get done, we're going to have to do it."
If predictions come true about long airport security lines this summer, travelers need look no further than Congress' unwillingness to properly fund the Transportation Security Administration. Arbitrary limits on the number of screeners the TSA can hire and ideological positions on privatization have kept travelers from getting the "seamless web of safety" they were promised after Sept. 11.
Analysts at the Aerospace & Defense Finance Conference said that consolidations and acquisitions are likely for smaller aerospace and defense companies. L-3 Communications CEO Frank Lanza pointed to his company's acquisition of BEAMHIT, which develops and supplies laser marksmanship training systems, as an example of that kind of consolidation.