First Quarter 2006
Jan. 3, 2006
The U.S. Navy awards Boeing a five-year performance-based logistics contract valued at $995 million for the F/A-18E/F Integrated Readiness Support Teaming program. "This contract allows the Navy and Boeing to continue providing the proven F/A-18 sustainment that has become a model for system support," says Pat Finneran, Boeing vice president and general manager, Logistics Support Systems.
News Release
Jan. 5, 2006
Boeing reports that it recorded 1,002 net commercial airplane orders during 2005, setting a new Boeing record for total orders in a single year. Three airplane programs -- the 737, 777 and 787 programs -- also achieved individual records, with net orders of 569 for 737s, 154 for 777s and 235 for 787s.
News Release
Jan. 9, 2006
Boeing says an industry team led by Boeing Phantom Works has demonstrated a new technology that dramatically increases data transfer speeds in tactical aircraft, making them more effective in meeting the demands of the network-centric operational environment of the future.
News Release
Jan. 10, 2006
At the Boeing Leadership Meeting in Orlando, Fla., Chairman, President and CEO Jim McNerney introduces four companywide initiatives to accelerate long-term growth and productivity across the enterprise. They are Lean+, Internal Services Productivity, Global Sourcing, and Development Process Excellence.
Jan. 11, 2006
Boeing and Air India announce an agreement for 68 airplanes valued at more than $11 billion at list prices. Air India's order consists of 23 777s, including eight 777-200LR (Longer Range) Worldliners and 15 777-300ERs (Extended Range), and 27 787-8 Dreamliners. Air India Express, a wholly owned subsidiary of Air India, will receive 18 Next-Generation 737-800s.
News release
Boeing and Mobile Satellite Ventures announce the largest commercial satellite order booked by Boeing in nine years. The contract calls for Boeing Space & Intelligence Systems to build three satellites and associated ground systems for a new satellite-based wireless telecommunications service.
News Release
Jan. 27, 2006
Boeing Integrated Defense Systems announces a realignment in response to a changing market environment and emerging defense requirements. Operations will be consolidated into three business profit-and-loss centers organized around capabilities.
News release
Jan. 31, 2006
Boeing launches the 737-700ER (Extended Range), following an order conversion from All Nippon Airways for two airplanes. The 737-700ER has the longest range capability of any 737 commercial family member, and is able to serve new nonstop, point-to-point routes profitably. ANA exercised rights to substitute 737-700s with 737-700ERs. The two 737-700ERs are part of a larger order announced June 23, 2003, for 45 737-700s.
News Release
Feb. 2, 2006
The world's longest-range commercial jetliner, the Boeing 777-200LR Worldliner, now is certified by U.S. and European authorities to enter into passenger service with airlines around the world. The 777-200LR (Longer Range) is the fifth and newest member of the market-leading 777 family.
News Release
Feb. 13, 2006
Boeing and Southwest Airlines celebrate the 5,000th 737 to come off the production line as thousands of Boeing employees and guests attend a delivery ceremony at the company's Renton, Wash., manufacturing facility. Guinness World Records has acknowledged the 737 as the most-produced large commercial jet airplane in aviation history.
News Release
Feb. 15, 2006
Sea Launch successfully lifts the EchoStar X satellite to orbit. The high-power Ku band A2100-AX spacecraft is designed to deliver direct-to-home broadcast services to DISH Network customers throughout the United States.
News Release
Feb. 20, 2006
Boeing Phantom Works senior engineer David Blanding, who has helped develop sophisticated electric actuators for advanced unmanned air systems, space vehicles and commercial airplanes, is among the winners of the national 2006 Black Engineer of the Year Award.
News Release
The Republic of Singapore Air Force reports it has reassigned three of its AH-64D Apache Longbow multirole combat helicopters from its training base in the United States to an RSAF facility in Singapore, marking the first-ever deployment of international Apache helicopters in Asia.
News Release
Feb. 21, 2006
Boeing and Singapore Airlines announce that the airline will add Boeing's Class 3 Electronic Flight Bag installation kits on its entire fleet of new and existing 777s. The EFB installations are seen as key to support the airline's continuous improvements in efficiency and quality that have helped solidify its place among the world's most profitable airlines.
News Release
Feb. 27, 2005
Boeing announces delivery of the world's longest-range commercial jetliner to Pakistan International Airlines. The first 777-200LR Worldliner leaves Paine Field in Everett, Wash., Feb. 25 and flies to Manchester, England, where it picks up passengers before flying on to Islamabad, Pakistan.
News Release
During live F-15 flight tests, advanced information management technologies developed by Boeing Phantom Works and the U.S. Air Force Research Laboratory demonstrate that they can dramatically improve the way airborne platforms acquire, sort and exchange real-time mission data with each other and with command and control centers on the ground.
News Release
Feb. 28, 2006
Boeing says that the ScanEagle -- a long-endurance unmanned aerial vehicle developed by Boeing and The Insitu Group -- surpassed 10,000 combat flight hours in less than two years supporting U.S. Marine Corps and U.S. Navy operations.
News Release
March 1, 2006
The Cape Town Treaty, an international aircraft financing treaty, goes into effect along with its new international aircraft registry. Boeing Capital Corp., instrumental in creating and ratifying the treaty, says the treaty is important to Boeing because it reduces the cost and risk for financiers of Boeing aircraft and helps stimulate new aircraft financing worldwide.
March 3, 2006
The Commonwealth of Australia says it will buy up to four new C-17s for the Royal Australian Air Force, with the first aircraft to be delivered as early as December.
March 7, 2006
Kenya Airways hosts an event for Boeing representatives and the media to celebrate the airline's decision to purchase six 787-8 Dreamliners. Kenya Airways plans to replace its current 767s with the highly efficient Dreamliners beginning with the delivery of two airplanes in 2010 and four in 2011.
News Release
Boeing and Ryanair, Europe's largest and most profitable low-cost carrier, celebrate the delivery of the airline's 100th Boeing Next-Generation 737, nearly seven years after Ryanair received its first 737-800. Ryanair has become Boeing's largest European customer for the Next-Generation 737.
News Release
March 10, 2006
Boeing receives a $240 million contract from the U.S. Air Force to produce 10,000 Joint Direct Attack Munition tail kits for existing 500-, 1,000- and 2,000-pound bombs purchased by the U.S. Air Force and U.S. Navy.
News Release
March 15, 2006
Moody's Investors Service upgrades its ratings on debt securities issued by Boeing and Boeing Capital, citing the company's strong cash flow, balance sheet and cash on hand. Boeing Corporate Finance and Banking Assistant Treasurer Ruud Roggekamp says, "Not only is this further endorsement of Boeing's financial position and outlook, it also could help reduce our financing costs for debt and letters of credit." Moody's now has an A2 rating on the company's senior unsecured debt and a Prime-1 rating on its short-term securities.
Fuji Heavy Industries delivers the first AH-64D Apache Longbow multirole combat helicopter to the Japanese government at FHI's production facility in Utsunomiya, Japan.
News Release
March 16, 2006
Boeing Phantom Works and a team of university scientists complete a successful multiyear research program to develop and demonstrate cutting-edge flight-control technologies that dramatically enhance the autonomous operations of advanced unmanned aerial vehicles.
News Release
March 17, 2006
Boeing Shared Services Group headquarters moves to Triton Towers 3 in Renton, Wash., as Boeing Information Technology teams consolidate at the Bellevue, Wash., site. The new SSG offices promote Lean activity, with space for other employees to use a variety of hoteling areas.
March 20, 2006
Boeing reports that the world's fleet of C-17 Globemaster III airlifters has reached 1 million flying hours -- the equivalent of one of the advanced cargo jets flying every minute of every day continuously for more than 114 years.
News Release
March 27, 2006
Boeing Shared Services Group, focusing on leveraging the company's buying power on supplies, equipment and services used by Boeing, begins consolidating nonproduction procurement from around the company.
March 29, 2006
Boeing and GE Commercial Aviation Services announce an order for 30 firm and 30 option Boeing Next-Generation 737s worth approximately $4 billion at list prices. Included in this agreement is the first 737-900ER order by an aircraft leasing company. GECAS will take delivery of the 30 firm airplanes from 2008 through 2010.
News Release
March 31, 2006
Walt Skowronski, president of Boeing Capital Corp., tells members of the International Society of Transport Aircraft Trading that airplanes, not airlines, are determining the future of aircraft financing. Skowronski says financing is rapidly becoming more asset-driven and less dependent upon airline credits, which means that "financiers are no longer looking at the health of an airline as the primary driver to determine whether or not to make an investment. Instead, they are relying significantly more on the long-term value of the airplane asset itself to secure their investment."