Corporate Spying: a Double-Edged Sword | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Tue, Jun 10, 2003

Corporate Spying: a Double-Edged Sword

Boeing Apologizes for Cheating to Win $1.88 Billion contract

Boeing Chairman, Phil Condit publicly apologized Monday for activity several years ago that may have amounted to corporate spying by Boeing, on Lockheed Martin. The US Department of Justice has been investigating some possible skullduggery in the case of bidding on a nearly-$2 billion contract; Condit's apology was published in several major US papers Monday.

"It has become clear that some of our employees did not behave properly during the EELV competition," he wrote.

The contract involved the EELV, or Evolved Expendable Launch Vehicle. At issue is whether Boeing employees may have had an edge in the bidding -- competitors' proprietary information.

Condit continued, "We understand that for competition to work it must be conducted fairly, properly and within the rules established for its engagement. So the question raised about Boeing's commitment to the values of integrity and fairness cannot go unanswered."

Stuff still happens. Mr. Condit explained, "Despite all of the guidance and training we give every one of our employees, there have been mistakes. Whenever these events occur, we try to deal with them directly, quickly and effectively. We will not tolerate unethical behavior."

Boeing won the contract.

Boeing fired two of the employees, and disciplined a third. The extent of the DoJ and the Boeing investigations was not discussed.

FMI: www.boeing.com

Advertisement

More News

ANN's Daily Aero-Term (04.26.24): DETRESFA (Distress Phrase)

DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]

Aero-News: Quote of the Day (04.26.24)

"General aviation is at the forefront of developing and introducing innovative technologies that will transform the entire aviation industry..." Source: Kyle Martin, Vice President>[...]

ANN's Daily Aero-Term (04.27.24): Direct

Direct Straight line flight between two navigational aids, fixes, points, or any combination thereof. When used by pilots in describing off-airway routes, points defining direct ro>[...]

ANN's Daily Aero-Linx (04.27.24)

Aero Linx: Women in Corporate Aviation Women in Corporate Aviation support individuals seeking career advancement and professional development in the business aviation industry. Me>[...]

Aero-News: Quote of the Day (04.27.24)

“We would like to thank the many volunteers that help throughout the year to pull off the event, as well as the several reviewers, judges, and SURVICE staff that provide team>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC