Associated Press
Published November 4, 2004
LINK
NEW YORK — The head of Boeing Co.’s defense business indicated to analysts Wednesday that the company can wait only about seven months to land a new contract supplying the Air Force with air refueling tankers based on the 767, before deciding whether to end production of the slow-selling commercial jet.
“If one looks at the 767 line that we have up in Everett [Wash.], we continue to get an order here and an order there,” said James Albaugh. “But realistically, we need to make a decision on shutting that line down sometime in early June of next year, early summer of next year.”
Aerospace analyst Paul Nisbet of JSA Research said Boeing has 22 of the 767s yet to deliver and is producing about one a month–“about as slow as you can go and not lose money.” He said Boeing remains the leading candidate to land a revised tanker contract because of its 767.
Albaugh also said a slowdown in military procurement has begun despite “a great last five years” that saw defense spending rise sharply, particularly for development and technology.
“I think we’re [already] starting to see a flattening of the spending on the defense side,” he said.
Merrill Lynch defense analyst Byron Callan said in a note to investors that he foresees cuts to the U.S. military’s modernization plans that will result in slower growth rates for defense programs.
By: Blackcat - 7th November 2004 at 23:00
LOL …… Mathew …… but I am gonna post a long article related to subsidy …… let me check if got time for that or not
By: Blackcat - 7th November 2004 at 23:00
LOL …… Mathew …… but I am gonna post a long article related to subsidy …… let me check if got time for that or not
By: Grey Area - 7th November 2004 at 21:14
Would this count as a subsidy???
I’ll get me coat………….
By: Grey Area - 7th November 2004 at 21:14
Would this count as a subsidy???
I’ll get me coat………….
By: Blackcat - 7th November 2004 at 21:14
Originally posted by US_Agent in another thread …..can u provide with the link?
————————————–
US group eyes UK refuelling deal
Flight International
20 Jul 2004
The UK’s faltering acquisition of a next-generation fleet of inflight refuelling aircraft has taken a further twist, with a US-based group having emerged to promote a new lease solution based on the McDonnell Douglas KC-10/KDC-10 tanker/transport already in service with the Netherlands and US air forces.
A collaborative venture between Evergreen Aviation and Omega Air, the Global Airtanker Service (GAS) is offering to have up to 10 KDC-10s available for the UK from January 2006, with a proposed total fleet of 20 aircraft. The company’s KDC-10s – one of which will be on static display at this week’s Farnborough air show – can be equipped with wing pods and a centreline hose to perform three-point tanker duties.
The GAS proposal is being made as an alternative to the UK’s planned 27-year Future Strategic Tanker Aircraft (FSTA) private finance initiative deal with the EADS-led AirTanker consortium, which has been selected to supply Airbus A330-200s adapted for the tanker/transport role. Negotiations have been under way for months, but have faltered on cost grounds. Industry sources say the GAS team could be supported in the UK by Serco – part of the Boeing-led Tanker Transport and Service Company team eliminated from the FSTA contest earlier this year.
CRAIG HOYLE / LONDON
By: Blackcat - 7th November 2004 at 21:14
Originally posted by US_Agent in another thread …..can u provide with the link?
————————————–
US group eyes UK refuelling deal
Flight International
20 Jul 2004
The UK’s faltering acquisition of a next-generation fleet of inflight refuelling aircraft has taken a further twist, with a US-based group having emerged to promote a new lease solution based on the McDonnell Douglas KC-10/KDC-10 tanker/transport already in service with the Netherlands and US air forces.
A collaborative venture between Evergreen Aviation and Omega Air, the Global Airtanker Service (GAS) is offering to have up to 10 KDC-10s available for the UK from January 2006, with a proposed total fleet of 20 aircraft. The company’s KDC-10s – one of which will be on static display at this week’s Farnborough air show – can be equipped with wing pods and a centreline hose to perform three-point tanker duties.
The GAS proposal is being made as an alternative to the UK’s planned 27-year Future Strategic Tanker Aircraft (FSTA) private finance initiative deal with the EADS-led AirTanker consortium, which has been selected to supply Airbus A330-200s adapted for the tanker/transport role. Negotiations have been under way for months, but have faltered on cost grounds. Industry sources say the GAS team could be supported in the UK by Serco – part of the Boeing-led Tanker Transport and Service Company team eliminated from the FSTA contest earlier this year.
CRAIG HOYLE / LONDON
By: Blackcat - 7th November 2004 at 21:03
and that also include pulling in the Brits too for the B767 tanker?? …… may have said if not F-35 is gone ….. lol.
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U.K. military tanker deal reportedly under threat
Wed 3 November, 2004 02:09
LONDON (Reuters) – Britain may scrap a planned 13 billion pound military air tanker deal with a consortium led by Airbus parent company EADS, the Financial Times reports.
Citing leaked letters sent by British defence ministry procurement officials, Wednesday’s paper said Britain had begun “fall-back studies” to find a possible alternative to the AirTanker consortium.
“A number of the detailed issues that we originally set out last January … have yet to be satisfactorily resolved,” the FT quoted Peter Spencer, Britain’s chief military acquisition officer, as saying in a letter to AirTanker chairman Gordon Page.
“I may recommend cancellation of the programme, continuation of negotiations or announcement of AirTanker as PB (preferred bidder), depending on the extent to which we have reached agreement on the outstanding issues.”
The leaked letters were dated September 2004. But the FT said the dispute was ongoing, citing unnamed people familiar with the situation.
Britain chose European aerospace company EADS as part of a consortium over a Boeing-led bid in a tentative agreement in January, but working out the details has since proved a challenge.
The deal would outsource Royal Air Force tanking services to the group, which would own and run a fleet of Airbus A330 planes fitted to double as tankers for lease to the RAF.
A Ministry of Defence spokesman said the department did not comment on leaked documents, but issued a statement that said talks with AirTanker continued.
“A number of issues need to be resolved before a final decision about the PFI procurement strategy can be taken,” the statement said. “We are still in negotiations with AirTanker and this is progressing well.”
EADS Chief Executive Philippe Camus told a news conference last month he expected to sign the key military refuelling contract early in 2005.
AirTanker includes EADS, France’s Thales, aircraft engine maker Rolls-Royce and British engineering firm Cobham.
http://www.reuters.co.uk/newsPackageArticle.jhtml?type=businessNews&storyID=614182§ion=finance
By: Blackcat - 7th November 2004 at 21:03
and that also include pulling in the Brits too for the B767 tanker?? …… may have said if not F-35 is gone ….. lol.
————————————————–
U.K. military tanker deal reportedly under threat
Wed 3 November, 2004 02:09
LONDON (Reuters) – Britain may scrap a planned 13 billion pound military air tanker deal with a consortium led by Airbus parent company EADS, the Financial Times reports.
Citing leaked letters sent by British defence ministry procurement officials, Wednesday’s paper said Britain had begun “fall-back studies” to find a possible alternative to the AirTanker consortium.
“A number of the detailed issues that we originally set out last January … have yet to be satisfactorily resolved,” the FT quoted Peter Spencer, Britain’s chief military acquisition officer, as saying in a letter to AirTanker chairman Gordon Page.
“I may recommend cancellation of the programme, continuation of negotiations or announcement of AirTanker as PB (preferred bidder), depending on the extent to which we have reached agreement on the outstanding issues.”
The leaked letters were dated September 2004. But the FT said the dispute was ongoing, citing unnamed people familiar with the situation.
Britain chose European aerospace company EADS as part of a consortium over a Boeing-led bid in a tentative agreement in January, but working out the details has since proved a challenge.
The deal would outsource Royal Air Force tanking services to the group, which would own and run a fleet of Airbus A330 planes fitted to double as tankers for lease to the RAF.
A Ministry of Defence spokesman said the department did not comment on leaked documents, but issued a statement that said talks with AirTanker continued.
“A number of issues need to be resolved before a final decision about the PFI procurement strategy can be taken,” the statement said. “We are still in negotiations with AirTanker and this is progressing well.”
EADS Chief Executive Philippe Camus told a news conference last month he expected to sign the key military refuelling contract early in 2005.
AirTanker includes EADS, France’s Thales, aircraft engine maker Rolls-Royce and British engineering firm Cobham.
http://www.reuters.co.uk/newsPackageArticle.jhtml?type=businessNews&storyID=614182§ion=finance
By: beistrich - 5th November 2004 at 20:25
yeah no suprise
so the Pentagon will order the KC-767 the next seven months..
By: beistrich - 5th November 2004 at 20:25
yeah no suprise
so the Pentagon will order the KC-767 the next seven months..
By: 4 engines good - 5th November 2004 at 11:47
Comes as no suprise, really. The 767 order book has seen very little activity for a while now, and it’s not going to get any better ever again in the civilian front.
By: 4 engines good - 5th November 2004 at 11:47
Comes as no suprise, really. The 767 order book has seen very little activity for a while now, and it’s not going to get any better ever again in the civilian front.
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November 5, 2004 at 3:37 am