Boeing/BAe? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

Fri, Jun 27, 2003

Boeing/BAe?

The Chicago Tribune reports that, in a meeting earlier this week in London, Boeing Chairman Phil Condit "said he is interested in the possibility of combining with BAE Systems PLC."

It's one of many ideas, the Boeing boss man noted, that are currently being discussed, to add shareholder value; and it's not setting in concrete, just yet.

BAe has long been publicly shopping for a US partner, and Boeing is a logical fit, except, possibly, for one thing: Boeing has too many things going on. Boeing is one of the US's top defense contractors, and holds, controls, and produces scads of sensitive and secret information; and BAe is a British company. Just how the State and Defense Departments would look upon close relations could become a problem. BAe, though, is already the sixth-largest defense contractor to the Pentagon, according to the Trib (Boeing is #2, behind the Georgia-based Lockheed Martin); and we remember BAe tried to buy TRW last year (and lost that bid to Lockheed Martin).

Boeing recently publicly admitted to having corporate-secret Lockheed Martin information on the EELV program; Lockheed Martin responded with a rare lawsuit.

On Wednesday, the two fired Boeing employees, Kenneth Branch, 64, and his former supervisor, William Erskine, 43, were formally charged with federal conspiracy crimes relating to Branch's recruitment from Lockheed Martin.

Whether the BAe connection would be a purchase, swap, or merger has not, of course, been detailed; but Condit hinted at the last arrangement: "Would I do a merger if it created value? Yes," Condit said. The key would be whether such a deal would bring marginal increases to Boeing's bottom line, he explained.

FMI: www.boeing.com

Advertisement

More News

Airborne at NBAA-10.22.14: Legacy 500, Universal InSight, BendixKing AeroWave

Also: GE Honda, Sagem's Active SideStick, Syberjet Update, Techno Aerospace Knows How to Party The FAA handed over certification papers for Embraer's Legacy 500 executive jet durin>[...]

ANN's Daily Aero-Linx (10.24.14)

Homebuilt Homepage: Clubs And Newsletters This page lists Homebuilt related Clubs and Newsletters.>[...]

ANN's Daily Aero-Term (10.24.14): Phase Separation – Aviation Fuel

Phase separation is when a combined liquid separates into two different liquids and may occur when autogas is used for aviation fuel.>[...]

Aero-News: Quote Of The Day (10.24.14)

“I’m excited and humbled by the trust that the ALPA Board of Directors has placed in me with this election.” Source: ALPA President-Elect Tim Canoll.>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC