Boeing Frontiers
May 2002 
Volume 01, Issue 01 
Top Stories Inside Quick Takes Site Tools
New and Notable
Working virtually becoming a reality

Boeing people are constantly on the move.

We move when our organization changes location, we travel when we need to work with colleagues, customers and suppliers, and we move from job to job when we accept new career opportunities.

Shared Services Group is formulating a plan that could change all that. It's a plan that could alter traditional thinking about where we need to be to get our work done.


Employee Portal scheduled to launch this month

This month, about 20,000 employees are scheduled to be given access to the new employee portal - called - designed to help them better manage their work and life at Boeing. The portal will be rolled out in phases and should be available to all employees who have access to the Boeing Intranet by the end of 2002.


F/A-18E successfully launches third HARM missile

F/A-18E firing a HARM missileAn F/A-18E Super Hornet in April successfully launched an AGM-88 High-Speed Anti-Radiation Missile (HARM) off the aircraft's outboard station. The launch was the third in a series of seven HARM shots planned from Super Hornets over the Atlantic Test Range. The test flights, which originate from Naval Air Station Patuxent River, Md., are intended to verify safe separation of the HARM when it's released next to other stores. The AGM-88 HARM is an air-to-surface tactical missile designed to seek and destroy enemy radar-equipped air defense systems. At the controls of the F/A-18E was Lt. Tom Frosch of the Naval Strike Aircraft Test Squadron. Flight coordinators were U.S. Navy Project Engineer Pete Ordoulidis and Boeing Test Conductor Larry Humpal.

New look and features for Boeing Savings Plans Online

The Voluntary Investment Plan/Financial Security Plan Web site has been given a new name and additional features. The new site is now called the Boeing Savings Plans Online. The new look, Web address and features were put in place in response to employee feedback. This change reflects the addition of more plans and enhanced Web site content. For more information, see the new Web site at

Stable Value Fund rate announced

The Voluntary Investment Plan Stable Value Fund's daily compounded effective annual rate for the second quarter of 2002 (April 1 through June 30) will be 5.97 percent. Boeing is providing this fund information because it is a guaranteed interest fund, and the future rate is known in advance. The Stable Value Fund is one of 11 funds available to VIP Plan participants. For details, see

Reverse auction brings S&C substantial savings

Using on-line reverse auctions, Space & Communications Supplier Management and Procurement has generated procurement savings fast approaching the $1 million mark, according to Mary Simmerman, vice president of Supplier Management and Procurement. At reverse auctions - the opposite of traditional auctions where buyers compete, driving prices up - the sellers compete, driving prices down. Because the auctions are online (eBuy@Boeing) and suppliers see the bids in real time, competition can become intense. The more heated the competition, the lower prices drop. Space & Communications held Boeing's first online reverse auction in 2001 to buy items used directly in the design and manufacture of Boeing's final products. Since then the business unit has expanded the auctions to larger-dollar procurements. Prices quoted using a traditional "sealed bid" approach typically save 10 percent to 15 percent as compared against target prices. But prices locked in with the new tool are bringing in savings of 30 percent to 50 percent or more. Because all bidders participate simultaneously, cycle time and overhead costs also are reduced.

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