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AVflash Volume 9, Number 28a July 7, 2003
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BOEING GETS AID FUNDS?...
It's the U.S.'s largest exporter and by far its largest aerospace
company, so when Boeing stamps its feet, the ground shakes under most
of us. Lately the Chicago-headquartered manufacturer has been
attracting the attention of critics who claim Boeing is drawing too
much from the government trough. The Citizens Against Government Waste
(CAGW) has formally asked the House Armed Services Subcommittee to
oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
to the Air Force. The CAGW claims upgrading the existing fleet of 127
707-based KC-135s would cost $3.8 billion and it also points out that
after leasing the 767s for 10 years the planes go back to Boeing. The
company is also (according to some) seeing some extremely generous
offers from states and towns as it dangles the carrot of 1,000 jobs to
be won by the location that will build its new 7E7 Dreamliner.
http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
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On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>The Pentagon is working on an amendment to the proposed fiscal
>2004 defense budget as a result of its plan to lease 100 BOEING
>CO. 767s as refueling tankers, a top Air Force official said
>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>staff for installations and logistics, gave no details about
>the amount of the request when he testified to the House Armed
>Forces Committee's subcommittee on projection forces. The
>hearing was the first of several expected on the controversial
>proposed $16 billion lease agreement aimed at starting to
>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>which average 42 years in age.
>(Reuters 06:50 PM ET 06/24/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>
>----------------------------------------------------------------
>
>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>Sen. John McCain, who has called a U.S. military contract with
>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>Philip Condit requesting documents related to the deal, The Wall
>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>Commerce Committee, is seeking all communication between Boeing
>>and government officials related to the lease, as well as
>>documents from Boeing's interactions with commercial and
>>foreign government customers. A representative of Boeing could
>>not immediately be reached for comment, but a spokesman told
>>the Journal that Boeing received the letter and planned a
>>response. Critics of the deal have called on U.S. lawmakers to
>>delay approval of a $16 billion deal in which the Air Force
>>will lease planes from Boeing to replace its aging fleet of
>>refueling aircraft.
>>(Reuters 05:53 AM ET 06/17/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>
>>
>>
>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>deal with the Air Force as "a profligate waste of taxpayer
>>>dollars" and said lawmakers should delay its approval until a
>>>criminal investigation into another Boeing contract is
>>>completed. Boeing, anticipating the letter, on Monday bought
>>>full-page advertisements in major U.S. newspapers, admitting
>>>its employees acted improperly during a fierce competition with
>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>Chairman and Chief Executive Phil Condit said the company had
>>>taken appropriate action after it learned of the errors and
>>>would not tolerate unethical behavior. The Project on
>>>Government Oversight, which also signed the letter, rejected
>>>Condit's statement and said it had documented 36 cases of
>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>and 2002, resulting in about $348 million in fines or penalties,
>>>restitution and settlement fees.
>>>(Reuters 01:00 AM ET 06/10/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>
>>>----------------------------------------------------------------
>>>
>>>
>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>wrote:
>>>
>>>>
>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>Force, but congressional aides and defense experts did not
>>>>expect the deal to run into last-minute problems on Capitol
>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>defense experts said they did not expect it to be the harbinger
>>>>of a new Pentagon preference for leasing military equipment.
>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>being held up. The Air Force wants it, the administration wants
>>>>it and some very key people in both houses of Congress want it."
>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>
>>>>----------------------------------------------------------------
>>>>
>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>wrote:
>>>>
>>>>>
>>>>>The White House budget office said that scant headway had been
>>>>>made as far as it was concerned toward a proposed
>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>spokeswoman, said. She said she did not know how long a
>>>>>decision might take. The deal has been under discussion since
>>>>>early last year.
>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>
>>>>>----------------------------------------------------------------
>>>>>
>>>>>
>>>>>
>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>after the company further lowered its price, sources familiar
>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>planes below the figure of $136 million reported last week. The
>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>corporate welfare for a company hard hit by a slump in
>>>>>commercial sales -- was now below $17 billion, including the
>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>of the lease, the sources said. The initial deal called for the
>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>purchase at the end.
>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>
>>>>>----------------------------------------------------------------
>>>>>
>>>>>
>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>wrote:
>>>>>
>>>>>>
>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>they said defense officials were at pains to review the
>>>>>>agreement very carefully, since it marked the first time the
>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>wrote:
>>>>>>
>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>
>>>>>>>----------------------------------------------------------------
>>>>>>>
>>>>>>>
>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>wrote:
>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>buy them at the end of the term.
>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>
>>>>>>>>================================================== ==============
>>>>>>>>
>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>wrote:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>billion.
>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>
>>>>>>>>>================================================== ==============
>>>>>>>>>
>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>
>>>>>>>>>>================================================== ==============
>>>>>>>>>>
>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>House," he said.
>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>the military.
>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>
>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>

BOEING CO. said a controversial plan to lease 100 tanker aircraft
to the U.S. Air Force would offer good value and speed badly
needed planes into service. An Air Force analysis delivered to
Congress last Friday showed leasing could cost as much as $1.9
billion more than a straight purchase, more than 10% of the
proposed $17.2 billion deal, which would include an option to
buy for another $4 billion. Critics including Republican Sen.
John McCain of Arizona have blasted the deal as a
taxpayer-funded handout to Boeing, which has been badly hurt by
a slump in orders for its commercial jets since the Sept. 11,
2001 hijack attacks. But Air Force and Boeing officials argue
that the tanker fleet, with an average age of 43 years,
urgently needs an upgrade, saying the maintenance savings from
the 100 proposed new aircraft would be worth $5 billion.
(Reuters 03:24 PM ET 07/14/2003)

More:
http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714

================================================== ==============


On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>
>-------------------------------------------------------------------
>AVflash Volume 9, Number 28a July 7, 2003
>-------------------------------------------------------------------
>
>BOEING GETS AID FUNDS?...
>It's the U.S.'s largest exporter and by far its largest aerospace
>company, so when Boeing stamps its feet, the ground shakes under most
>of us. Lately the Chicago-headquartered manufacturer has been
>attracting the attention of critics who claim Boeing is drawing too
>much from the government trough. The Citizens Against Government Waste
>(CAGW) has formally asked the House Armed Services Subcommittee to
>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>707-based KC-135s would cost $3.8 billion and it also points out that
>after leasing the 767s for 10 years the planes go back to Boeing. The
>company is also (according to some) seeing some extremely generous
>offers from states and towns as it dangles the carrot of 1,000 jobs to
>be won by the location that will build its new 7E7 Dreamliner.
>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>------------------------------------------------------------------
>
>
>
>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>The Pentagon is working on an amendment to the proposed fiscal
>>2004 defense budget as a result of its plan to lease 100 BOEING
>>CO. 767s as refueling tankers, a top Air Force official said
>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>staff for installations and logistics, gave no details about
>>the amount of the request when he testified to the House Armed
>>Forces Committee's subcommittee on projection forces. The
>>hearing was the first of several expected on the controversial
>>proposed $16 billion lease agreement aimed at starting to
>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>which average 42 years in age.
>>(Reuters 06:50 PM ET 06/24/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>
>>----------------------------------------------------------------
>>
>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>Sen. John McCain, who has called a U.S. military contract with
>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>Philip Condit requesting documents related to the deal, The Wall
>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>Commerce Committee, is seeking all communication between Boeing
>>>and government officials related to the lease, as well as
>>>documents from Boeing's interactions with commercial and
>>>foreign government customers. A representative of Boeing could
>>>not immediately be reached for comment, but a spokesman told
>>>the Journal that Boeing received the letter and planned a
>>>response. Critics of the deal have called on U.S. lawmakers to
>>>delay approval of a $16 billion deal in which the Air Force
>>>will lease planes from Boeing to replace its aging fleet of
>>>refueling aircraft.
>>>(Reuters 05:53 AM ET 06/17/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>
>>>
>>>
>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>dollars" and said lawmakers should delay its approval until a
>>>>criminal investigation into another Boeing contract is
>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>its employees acted improperly during a fierce competition with
>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>taken appropriate action after it learned of the errors and
>>>>would not tolerate unethical behavior. The Project on
>>>>Government Oversight, which also signed the letter, rejected
>>>>Condit's statement and said it had documented 36 cases of
>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>restitution and settlement fees.
>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>
>>>>----------------------------------------------------------------
>>>>
>>>>
>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>wrote:
>>>>
>>>>>
>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>Force, but congressional aides and defense experts did not
>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>defense experts said they did not expect it to be the harbinger
>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>being held up. The Air Force wants it, the administration wants
>>>>>it and some very key people in both houses of Congress want it."
>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>
>>>>>----------------------------------------------------------------
>>>>>
>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>wrote:
>>>>>
>>>>>>
>>>>>>The White House budget office said that scant headway had been
>>>>>>made as far as it was concerned toward a proposed
>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>decision might take. The deal has been under discussion since
>>>>>>early last year.
>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>
>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>after the company further lowered its price, sources familiar
>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>purchase at the end.
>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>wrote:
>>>>>>
>>>>>>>
>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>they said defense officials were at pains to review the
>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>
>>>>>>>----------------------------------------------------------------
>>>>>>>
>>>>>>>
>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>wrote:
>>>>>>>
>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>wrote:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>buy them at the end of the term.
>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>
>>>>>>>>>================================================== ==============
>>>>>>>>>
>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>billion.
>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>
>>>>>>>>>>================================================== ==============
>>>>>>>>>>
>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>
>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>
>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>

A key panel in the U.S. House of Representatives on Friday
approved Air Force plans to lease 100 BOEING CO. 767 refueling
tankers, saying the lease would tie up less money in coming
years than a purchase. "(The tanker leasing proposal) allows us
to replace the aging fleet more quickly, while retaining an
essential combat capability over the next several decades,"
Rep. Duncan Hunter, chair of the House Armed Services
Committee, said in a statement late on Friday. "For this
reason, I am endorsing the proposal by the Secretary of Defense
to lease 100 KC-767 aerial refueling tankers from the Boeing
Corporation. The required notification will be sent this
evening."
(Reuters 01:58 AM ET 07/26/2003)

More:
http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726

================================================== ==============

On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>The General Accounting Office raised questions about U.S. Air
>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>saying the purchase cost of the planes after the 6-year lease
>was higher than that reported by the military. GAO's $173.5
>million per plane price is substantially higher than the $138.4
>million -- $131 million plus $7.4 million for financing costs --
>cited by the Air Force, said Neal Curtin, director of defense
>capabilities for the congressional investigative agency. Curtin
>told the House Armed Services Committee he also had concerns
>about the "special purpose entity" created to own the aircraft
>and lease them to the Air Force. The Air Force has already won
>the approval of the House and Senate Appropriations committees,
>and says it hopes to move forward on the deal by September.
>(Reuters 10:51 AM ET 07/23/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>
>----------------------------------------------------------------
>
>
>
>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>to the U.S. Air Force would offer good value and speed badly
>>needed planes into service. An Air Force analysis delivered to
>>Congress last Friday showed leasing could cost as much as $1.9
>>billion more than a straight purchase, more than 10% of the
>>proposed $17.2 billion deal, which would include an option to
>>buy for another $4 billion. Critics including Republican Sen.
>>John McCain of Arizona have blasted the deal as a
>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>a slump in orders for its commercial jets since the Sept. 11,
>>2001 hijack attacks. But Air Force and Boeing officials argue
>>that the tanker fleet, with an average age of 43 years,
>>urgently needs an upgrade, saying the maintenance savings from
>>the 100 proposed new aircraft would be worth $5 billion.
>>(Reuters 03:24 PM ET 07/14/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>
>>================================================== ==============
>>
>>
>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>
>>>-------------------------------------------------------------------
>>>AVflash Volume 9, Number 28a July 7, 2003
>>>-------------------------------------------------------------------
>>>
>>>BOEING GETS AID FUNDS?...
>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>attracting the attention of critics who claim Boeing is drawing too
>>>much from the government trough. The Citizens Against Government Waste
>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>company is also (according to some) seeing some extremely generous
>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>be won by the location that will build its new 7E7 Dreamliner.
>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>------------------------------------------------------------------
>>>
>>>
>>>
>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>staff for installations and logistics, gave no details about
>>>>the amount of the request when he testified to the House Armed
>>>>Forces Committee's subcommittee on projection forces. The
>>>>hearing was the first of several expected on the controversial
>>>>proposed $16 billion lease agreement aimed at starting to
>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>which average 42 years in age.
>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>
>>>>----------------------------------------------------------------
>>>>
>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>and government officials related to the lease, as well as
>>>>>documents from Boeing's interactions with commercial and
>>>>>foreign government customers. A representative of Boeing could
>>>>>not immediately be reached for comment, but a spokesman told
>>>>>the Journal that Boeing received the letter and planned a
>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>refueling aircraft.
>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>
>>>>>
>>>>>
>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>
>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>criminal investigation into another Boeing contract is
>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>its employees acted improperly during a fierce competition with
>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>taken appropriate action after it learned of the errors and
>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>restitution and settlement fees.
>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>wrote:
>>>>>>
>>>>>>>
>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>
>>>>>>>----------------------------------------------------------------
>>>>>>>
>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>wrote:
>>>>>>>
>>>>>>>>
>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>early last year.
>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>purchase at the end.
>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>wrote:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>
>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>
>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>billion.
>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>
>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>
>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>
>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

The U.S. Congressional Budget Office said the U.S. Air Force's
plan to lease 100 BOEING CO. 767s as refueling tankers will
cost $1.3 billion to $2 billion more than an outright purchase.
The congressional agency said the proposed lease also failed to
meet four out of six conditions set for government leases by
the White House Office of Management and Budget. In a report
published on its web site, CBO said on average, the Air Force
would spent $161 million for each new refueling tanker in 2002
dollars, compared to a cost of $131 million for an outright
purchase. Two Senate committee plan hearings on the deal next
week. The Air Force has said the deal would be about $150
million more costly than a purchase, but say leasing is
preferable since it would allow the military to begin replacing
its aging fleet of KC-135 refueling tanker far sooner.
(Reuters 04:27 PM ET 08/26/2003)

More:
http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826

----------------------------------------------------------------

On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>
>A key panel in the U.S. House of Representatives on Friday
>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>tankers, saying the lease would tie up less money in coming
>years than a purchase. "(The tanker leasing proposal) allows us
>to replace the aging fleet more quickly, while retaining an
>essential combat capability over the next several decades,"
>Rep. Duncan Hunter, chair of the House Armed Services
>Committee, said in a statement late on Friday. "For this
>reason, I am endorsing the proposal by the Secretary of Defense
>to lease 100 KC-767 aerial refueling tankers from the Boeing
>Corporation. The required notification will be sent this
>evening."
>(Reuters 01:58 AM ET 07/26/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>
>================================================== ==============
>
>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>The General Accounting Office raised questions about U.S. Air
>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>saying the purchase cost of the planes after the 6-year lease
>>was higher than that reported by the military. GAO's $173.5
>>million per plane price is substantially higher than the $138.4
>>million -- $131 million plus $7.4 million for financing costs --
>>cited by the Air Force, said Neal Curtin, director of defense
>>capabilities for the congressional investigative agency. Curtin
>>told the House Armed Services Committee he also had concerns
>>about the "special purpose entity" created to own the aircraft
>>and lease them to the Air Force. The Air Force has already won
>>the approval of the House and Senate Appropriations committees,
>>and says it hopes to move forward on the deal by September.
>>(Reuters 10:51 AM ET 07/23/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>
>>----------------------------------------------------------------
>>
>>
>>
>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>to the U.S. Air Force would offer good value and speed badly
>>>needed planes into service. An Air Force analysis delivered to
>>>Congress last Friday showed leasing could cost as much as $1.9
>>>billion more than a straight purchase, more than 10% of the
>>>proposed $17.2 billion deal, which would include an option to
>>>buy for another $4 billion. Critics including Republican Sen.
>>>John McCain of Arizona have blasted the deal as a
>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>a slump in orders for its commercial jets since the Sept. 11,
>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>that the tanker fleet, with an average age of 43 years,
>>>urgently needs an upgrade, saying the maintenance savings from
>>>the 100 proposed new aircraft would be worth $5 billion.
>>>(Reuters 03:24 PM ET 07/14/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>
>>>================================================== ==============
>>>
>>>
>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>
>>>>-------------------------------------------------------------------
>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>-------------------------------------------------------------------
>>>>
>>>>BOEING GETS AID FUNDS?...
>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>much from the government trough. The Citizens Against Government Waste
>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>company is also (according to some) seeing some extremely generous
>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>------------------------------------------------------------------
>>>>
>>>>
>>>>
>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>
>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>staff for installations and logistics, gave no details about
>>>>>the amount of the request when he testified to the House Armed
>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>hearing was the first of several expected on the controversial
>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>which average 42 years in age.
>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>
>>>>>----------------------------------------------------------------
>>>>>
>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>and government officials related to the lease, as well as
>>>>>>documents from Boeing's interactions with commercial and
>>>>>>foreign government customers. A representative of Boeing could
>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>refueling aircraft.
>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>
>>>>>>
>>>>>>
>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>
>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>restitution and settlement fees.
>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>
>>>>>>>----------------------------------------------------------------
>>>>>>>
>>>>>>>
>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>wrote:
>>>>>>>
>>>>>>>>
>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>wrote:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>early last year.
>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>purchase at the end.
>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>
>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>
>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>
>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

-------------------------------------------------------------------
AVflash Volume 9, Number 36a September 1, 2003
-------------------------------------------------------------------

BOEING TO FACE SENATE HEARING ON TANKER LEASE
Boeing is under scrutiny, and the heat is about to intensify on
Wednesday, when a hearing will be held by the Senate Commerce
Committee about the planemaker's $21-billion leasing deal with the
U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
last week by the Congressional Budget Office concluded that "the
proposed transaction would essentially be a purchase of the tankers by
the federal government but at a cost greater than would be incurred
under the normal appropriation and procurement process." The Seattle
Post-Intelligencer reported Friday that Boeing may have had improper
access to information about Airbus's competing proposal for the tanker
deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
longtime vocal critic of the lease -- which he has termed "corporate
welfare" for Boeing -- will preside over the hearing. Boeing has
already been in trouble for "industrial espionage" this summer.
http://www.avweb.com/eletter/archives/avflash/122-full.html#185597



On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>The U.S. Congressional Budget Office said the U.S. Air Force's
>plan to lease 100 BOEING CO. 767s as refueling tankers will
>cost $1.3 billion to $2 billion more than an outright purchase.
>The congressional agency said the proposed lease also failed to
>meet four out of six conditions set for government leases by
>the White House Office of Management and Budget. In a report
>published on its web site, CBO said on average, the Air Force
>would spent $161 million for each new refueling tanker in 2002
>dollars, compared to a cost of $131 million for an outright
>purchase. Two Senate committee plan hearings on the deal next
>week. The Air Force has said the deal would be about $150
>million more costly than a purchase, but say leasing is
>preferable since it would allow the military to begin replacing
>its aging fleet of KC-135 refueling tanker far sooner.
>(Reuters 04:27 PM ET 08/26/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826
>
>----------------------------------------------------------------
>
>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>
>>A key panel in the U.S. House of Representatives on Friday
>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>>tankers, saying the lease would tie up less money in coming
>>years than a purchase. "(The tanker leasing proposal) allows us
>>to replace the aging fleet more quickly, while retaining an
>>essential combat capability over the next several decades,"
>>Rep. Duncan Hunter, chair of the House Armed Services
>>Committee, said in a statement late on Friday. "For this
>>reason, I am endorsing the proposal by the Secretary of Defense
>>to lease 100 KC-767 aerial refueling tankers from the Boeing
>>Corporation. The required notification will be sent this
>>evening."
>>(Reuters 01:58 AM ET 07/26/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>>
>>================================================== ==============
>>
>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>The General Accounting Office raised questions about U.S. Air
>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>>saying the purchase cost of the planes after the 6-year lease
>>>was higher than that reported by the military. GAO's $173.5
>>>million per plane price is substantially higher than the $138.4
>>>million -- $131 million plus $7.4 million for financing costs --
>>>cited by the Air Force, said Neal Curtin, director of defense
>>>capabilities for the congressional investigative agency. Curtin
>>>told the House Armed Services Committee he also had concerns
>>>about the "special purpose entity" created to own the aircraft
>>>and lease them to the Air Force. The Air Force has already won
>>>the approval of the House and Senate Appropriations committees,
>>>and says it hopes to move forward on the deal by September.
>>>(Reuters 10:51 AM ET 07/23/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>>
>>>----------------------------------------------------------------
>>>
>>>
>>>
>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>>to the U.S. Air Force would offer good value and speed badly
>>>>needed planes into service. An Air Force analysis delivered to
>>>>Congress last Friday showed leasing could cost as much as $1.9
>>>>billion more than a straight purchase, more than 10% of the
>>>>proposed $17.2 billion deal, which would include an option to
>>>>buy for another $4 billion. Critics including Republican Sen.
>>>>John McCain of Arizona have blasted the deal as a
>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>>a slump in orders for its commercial jets since the Sept. 11,
>>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>>that the tanker fleet, with an average age of 43 years,
>>>>urgently needs an upgrade, saying the maintenance savings from
>>>>the 100 proposed new aircraft would be worth $5 billion.
>>>>(Reuters 03:24 PM ET 07/14/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>>
>>>>================================================== ==============
>>>>
>>>>
>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>
>>>>>
>>>>>-------------------------------------------------------------------
>>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>>-------------------------------------------------------------------
>>>>>
>>>>>BOEING GETS AID FUNDS?...
>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>>much from the government trough. The Citizens Against Government Waste
>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>>company is also (according to some) seeing some extremely generous
>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>>------------------------------------------------------------------
>>>>>
>>>>>
>>>>>
>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>
>>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>>staff for installations and logistics, gave no details about
>>>>>>the amount of the request when he testified to the House Armed
>>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>>hearing was the first of several expected on the controversial
>>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>>which average 42 years in age.
>>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>>and government officials related to the lease, as well as
>>>>>>>documents from Boeing's interactions with commercial and
>>>>>>>foreign government customers. A representative of Boeing could
>>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>>refueling aircraft.
>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>>wrote in Message-Id: >:
>>>>>>>
>>>>>>>>
>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>>restitution and settlement fees.
>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>>wrote:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>>early last year.
>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>>purchase at the end.
>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>>
>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>>
>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

BOEING CO. rejected published reports that it might have obtained
rival bidder Airbus SAS's proprietary information while
negotiating a proposed $22.5 billion refueling tanker
lease-purchase agreement with the U.S. Air Force. "Boeing
believes we did not receive any proprietary information from
any official on any subject throughout the entire tanker
lease-negotiation process," said Doug Kennett, a spokesman for
the company. Earlier in the day, the Seattle
Post-Intelligencer, citing an unnamed source, reported what it
called new allegations that a senior Air Force official had
"provided Boeing with proprietary information" about Airbus's
offer to supply its own aircraft and modify them for the
refueling mission. The French-German aerospace firm that
controls Airbus said its response to the U.S. Air Force's
original request for tanker bids was "proprietary in nature and
was furnished to the Air Force in confidence."
(Reuters 01:31 PM ET 08/29/2003)

More:
http://q1.schwab.com/s/r?l=248&a=859368&m=100623f4fd5b305020258a&s=rb030829

================================================== ==============


On Mon, 01 Sep 2003 15:07:06 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>
>-------------------------------------------------------------------
>AVflash Volume 9, Number 36a September 1, 2003
>-------------------------------------------------------------------
>
>BOEING TO FACE SENATE HEARING ON TANKER LEASE
>Boeing is under scrutiny, and the heat is about to intensify on
>Wednesday, when a hearing will be held by the Senate Commerce
>Committee about the planemaker's $21-billion leasing deal with the
>U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
>last week by the Congressional Budget Office concluded that "the
>proposed transaction would essentially be a purchase of the tankers by
>the federal government but at a cost greater than would be incurred
>under the normal appropriation and procurement process." The Seattle
>Post-Intelligencer reported Friday that Boeing may have had improper
>access to information about Airbus's competing proposal for the tanker
>deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
>longtime vocal critic of the lease -- which he has termed "corporate
>welfare" for Boeing -- will preside over the hearing. Boeing has
>already been in trouble for "industrial espionage" this summer.
>http://www.avweb.com/eletter/archives/avflash/122-full.html#185597
>
>
>
>On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>The U.S. Congressional Budget Office said the U.S. Air Force's
>>plan to lease 100 BOEING CO. 767s as refueling tankers will
>>cost $1.3 billion to $2 billion more than an outright purchase.
>>The congressional agency said the proposed lease also failed to
>>meet four out of six conditions set for government leases by
>>the White House Office of Management and Budget. In a report
>>published on its web site, CBO said on average, the Air Force
>>would spent $161 million for each new refueling tanker in 2002
>>dollars, compared to a cost of $131 million for an outright
>>purchase. Two Senate committee plan hearings on the deal next
>>week. The Air Force has said the deal would be about $150
>>million more costly than a purchase, but say leasing is
>>preferable since it would allow the military to begin replacing
>>its aging fleet of KC-135 refueling tanker far sooner.
>>(Reuters 04:27 PM ET 08/26/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826
>>
>>----------------------------------------------------------------
>>
>>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>
>>>A key panel in the U.S. House of Representatives on Friday
>>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>>>tankers, saying the lease would tie up less money in coming
>>>years than a purchase. "(The tanker leasing proposal) allows us
>>>to replace the aging fleet more quickly, while retaining an
>>>essential combat capability over the next several decades,"
>>>Rep. Duncan Hunter, chair of the House Armed Services
>>>Committee, said in a statement late on Friday. "For this
>>>reason, I am endorsing the proposal by the Secretary of Defense
>>>to lease 100 KC-767 aerial refueling tankers from the Boeing
>>>Corporation. The required notification will be sent this
>>>evening."
>>>(Reuters 01:58 AM ET 07/26/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>>>
>>>================================================== ==============
>>>
>>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>The General Accounting Office raised questions about U.S. Air
>>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>>>saying the purchase cost of the planes after the 6-year lease
>>>>was higher than that reported by the military. GAO's $173.5
>>>>million per plane price is substantially higher than the $138.4
>>>>million -- $131 million plus $7.4 million for financing costs --
>>>>cited by the Air Force, said Neal Curtin, director of defense
>>>>capabilities for the congressional investigative agency. Curtin
>>>>told the House Armed Services Committee he also had concerns
>>>>about the "special purpose entity" created to own the aircraft
>>>>and lease them to the Air Force. The Air Force has already won
>>>>the approval of the House and Senate Appropriations committees,
>>>>and says it hopes to move forward on the deal by September.
>>>>(Reuters 10:51 AM ET 07/23/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>>>
>>>>----------------------------------------------------------------
>>>>
>>>>
>>>>
>>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>>>to the U.S. Air Force would offer good value and speed badly
>>>>>needed planes into service. An Air Force analysis delivered to
>>>>>Congress last Friday showed leasing could cost as much as $1.9
>>>>>billion more than a straight purchase, more than 10% of the
>>>>>proposed $17.2 billion deal, which would include an option to
>>>>>buy for another $4 billion. Critics including Republican Sen.
>>>>>John McCain of Arizona have blasted the deal as a
>>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>>>a slump in orders for its commercial jets since the Sept. 11,
>>>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>>>that the tanker fleet, with an average age of 43 years,
>>>>>urgently needs an upgrade, saying the maintenance savings from
>>>>>the 100 proposed new aircraft would be worth $5 billion.
>>>>>(Reuters 03:24 PM ET 07/14/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>>>
>>>>>================================================== ==============
>>>>>
>>>>>
>>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>
>>>>>>
>>>>>>-------------------------------------------------------------------
>>>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>>>-------------------------------------------------------------------
>>>>>>
>>>>>>BOEING GETS AID FUNDS?...
>>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>>>much from the government trough. The Citizens Against Government Waste
>>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>>>company is also (according to some) seeing some extremely generous
>>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>>>------------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>
>>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>
>>>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>>>staff for installations and logistics, gave no details about
>>>>>>>the amount of the request when he testified to the House Armed
>>>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>>>hearing was the first of several expected on the controversial
>>>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>>>which average 42 years in age.
>>>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>>>
>>>>>>>----------------------------------------------------------------
>>>>>>>
>>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>>>wrote in Message-Id: >:
>>>>>>>
>>>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>>>and government officials related to the lease, as well as
>>>>>>>>documents from Boeing's interactions with commercial and
>>>>>>>>foreign government customers. A representative of Boeing could
>>>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>>>refueling aircraft.
>>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>>>wrote in Message-Id: >:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>>>restitution and settlement fees.
>>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>>>wrote:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>>>early last year.
>>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>>>purchase at the end.
>>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>>>
>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>>>
>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

Larry Dighera > wrote:

Keeerist Larry!...get that thing under control won't you?...
--

-Gord.

Dozens of email exchanges among BOEING CO., the Air Force and the
Pentagon released on Saturday raised fresh questions about a
controversial $22.5 billion deal to lease, then buy 100 Boeing
767 tankers. The documents were among more than 8,000 provided
to the Senate Commerce Committee as it investigated a deal its
chairman, Sen. John McCain describes as a "military-industrial
rip-off" and a government bailout of Boeing, whose commercial
aircraft sales slumped after the September 2001 hijack attacks.
The documents contain no "smoking guns," congressional sources
say, but they show a close relationship between Boeing and Air
Force officials, including Air Force Secretary James Roche, as
well as details of a rival bid by Airbus SA.
(Reuters 05:11 PM ET 08/30/2003)

More:
http://q1.schwab.com/s/r?l=248&a=859525&m=100623f551c0a05020427a&s=rb030830

----------------------------------------------------------------



Critics of a $22.4 billion Air Force proposal to lease, then buy,
100 Boeing 767s as refueling tankers plan to raise financing and
cost concerns at a Senate hearing on Wednesday in a final bid to
block the deal. Defense analysts predict tough questions in the
Senate Commerce Committee and other hearings this week, but say
the need to replace the Air Force's KC-135 tankers, which are on
average 43 years old, will ultimately win the votes needed for
approval. Arizona Republican Sen. John McCain, chairman of the
Commerce Committee, blasts the deal as a government bailout of
BOEING CO., whose commercial aircraft sales slumped after the
September 2001 hijack attacks. The Congressional Budget Office,
the General Accounting Office and several government watchdog
groups are also skeptical of the deal, which has already won
needed approval from three of four congressional committees.
(Reuters 05:06 PM ET 09/02/2003)

More:
http://q1.schwab.com/s/r?l=248&a=860029&m=100623f551c0a05020427a&s=rb030902

================================================== ==============


On Mon, 01 Sep 2003 16:12:34 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>BOEING CO. rejected published reports that it might have obtained
>rival bidder Airbus SAS's proprietary information while
>negotiating a proposed $22.5 billion refueling tanker
>lease-purchase agreement with the U.S. Air Force. "Boeing
>believes we did not receive any proprietary information from
>any official on any subject throughout the entire tanker
>lease-negotiation process," said Doug Kennett, a spokesman for
>the company. Earlier in the day, the Seattle
>Post-Intelligencer, citing an unnamed source, reported what it
>called new allegations that a senior Air Force official had
>"provided Boeing with proprietary information" about Airbus's
>offer to supply its own aircraft and modify them for the
>refueling mission. The French-German aerospace firm that
>controls Airbus said its response to the U.S. Air Force's
>original request for tanker bids was "proprietary in nature and
>was furnished to the Air Force in confidence."
>(Reuters 01:31 PM ET 08/29/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=859368&m=100623f4fd5b305020258a&s=rb030829
>
>================================================== ==============
>
>
>On Mon, 01 Sep 2003 15:07:06 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>
>>-------------------------------------------------------------------
>>AVflash Volume 9, Number 36a September 1, 2003
>>-------------------------------------------------------------------
>>
>>BOEING TO FACE SENATE HEARING ON TANKER LEASE
>>Boeing is under scrutiny, and the heat is about to intensify on
>>Wednesday, when a hearing will be held by the Senate Commerce
>>Committee about the planemaker's $21-billion leasing deal with the
>>U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
>>last week by the Congressional Budget Office concluded that "the
>>proposed transaction would essentially be a purchase of the tankers by
>>the federal government but at a cost greater than would be incurred
>>under the normal appropriation and procurement process." The Seattle
>>Post-Intelligencer reported Friday that Boeing may have had improper
>>access to information about Airbus's competing proposal for the tanker
>>deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
>>longtime vocal critic of the lease -- which he has termed "corporate
>>welfare" for Boeing -- will preside over the hearing. Boeing has
>>already been in trouble for "industrial espionage" this summer.
>>http://www.avweb.com/eletter/archives/avflash/122-full.html#185597
>>
>>
>>
>>On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>The U.S. Congressional Budget Office said the U.S. Air Force's
>>>plan to lease 100 BOEING CO. 767s as refueling tankers will
>>>cost $1.3 billion to $2 billion more than an outright purchase.
>>>The congressional agency said the proposed lease also failed to
>>>meet four out of six conditions set for government leases by
>>>the White House Office of Management and Budget. In a report
>>>published on its web site, CBO said on average, the Air Force
>>>would spent $161 million for each new refueling tanker in 2002
>>>dollars, compared to a cost of $131 million for an outright
>>>purchase. Two Senate committee plan hearings on the deal next
>>>week. The Air Force has said the deal would be about $150
>>>million more costly than a purchase, but say leasing is
>>>preferable since it would allow the military to begin replacing
>>>its aging fleet of KC-135 refueling tanker far sooner.
>>>(Reuters 04:27 PM ET 08/26/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826
>>>
>>>----------------------------------------------------------------
>>>
>>>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>
>>>>A key panel in the U.S. House of Representatives on Friday
>>>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>>>>tankers, saying the lease would tie up less money in coming
>>>>years than a purchase. "(The tanker leasing proposal) allows us
>>>>to replace the aging fleet more quickly, while retaining an
>>>>essential combat capability over the next several decades,"
>>>>Rep. Duncan Hunter, chair of the House Armed Services
>>>>Committee, said in a statement late on Friday. "For this
>>>>reason, I am endorsing the proposal by the Secretary of Defense
>>>>to lease 100 KC-767 aerial refueling tankers from the Boeing
>>>>Corporation. The required notification will be sent this
>>>>evening."
>>>>(Reuters 01:58 AM ET 07/26/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>>>>
>>>>================================================== ==============
>>>>
>>>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>
>>>>>The General Accounting Office raised questions about U.S. Air
>>>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>>>>saying the purchase cost of the planes after the 6-year lease
>>>>>was higher than that reported by the military. GAO's $173.5
>>>>>million per plane price is substantially higher than the $138.4
>>>>>million -- $131 million plus $7.4 million for financing costs --
>>>>>cited by the Air Force, said Neal Curtin, director of defense
>>>>>capabilities for the congressional investigative agency. Curtin
>>>>>told the House Armed Services Committee he also had concerns
>>>>>about the "special purpose entity" created to own the aircraft
>>>>>and lease them to the Air Force. The Air Force has already won
>>>>>the approval of the House and Senate Appropriations committees,
>>>>>and says it hopes to move forward on the deal by September.
>>>>>(Reuters 10:51 AM ET 07/23/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>>>>
>>>>>----------------------------------------------------------------
>>>>>
>>>>>
>>>>>
>>>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>>>>to the U.S. Air Force would offer good value and speed badly
>>>>>>needed planes into service. An Air Force analysis delivered to
>>>>>>Congress last Friday showed leasing could cost as much as $1.9
>>>>>>billion more than a straight purchase, more than 10% of the
>>>>>>proposed $17.2 billion deal, which would include an option to
>>>>>>buy for another $4 billion. Critics including Republican Sen.
>>>>>>John McCain of Arizona have blasted the deal as a
>>>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>>>>a slump in orders for its commercial jets since the Sept. 11,
>>>>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>>>>that the tanker fleet, with an average age of 43 years,
>>>>>>urgently needs an upgrade, saying the maintenance savings from
>>>>>>the 100 proposed new aircraft would be worth $5 billion.
>>>>>>(Reuters 03:24 PM ET 07/14/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>>>>
>>>>>>================================================== ==============
>>>>>>
>>>>>>
>>>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>-------------------------------------------------------------------
>>>>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>>>>-------------------------------------------------------------------
>>>>>>>
>>>>>>>BOEING GETS AID FUNDS?...
>>>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>>>>much from the government trough. The Citizens Against Government Waste
>>>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>>>>company is also (according to some) seeing some extremely generous
>>>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>>>>------------------------------------------------------------------
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>>>>wrote in Message-Id: >:
>>>>>>>
>>>>>>>>
>>>>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>>>>staff for installations and logistics, gave no details about
>>>>>>>>the amount of the request when he testified to the House Armed
>>>>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>>>>hearing was the first of several expected on the controversial
>>>>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>>>>which average 42 years in age.
>>>>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>>>>wrote in Message-Id: >:
>>>>>>>>
>>>>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>>>>and government officials related to the lease, as well as
>>>>>>>>>documents from Boeing's interactions with commercial and
>>>>>>>>>foreign government customers. A representative of Boeing could
>>>>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>>>>refueling aircraft.
>>>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>>>>restitution and settlement fees.
>>>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>>>>
>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>>>>wrote:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>>>>early last year.
>>>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>>>>
>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>>>>purchase at the end.
>>>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>>>>
>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>>>>
>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

Since you seem to get all your news on this subject from commercial press
such as the Washington Post, here are some public statements with a little
broader perspective.

http://www.boeing.com/news/breakingnews/2003/030903_roche.pdf
http://www.boeing.com/news/breakingnews/2003/sams030903.html

Big picture is the lease does not cost as much as the Washington Post said,
Airbus lost not because of price but because they don't have a boom design
which is a high risk item on any proposed Airbus solution and Boeing is
providing the aircraft at commercial lease rates including most favored
customer price guarantees and profit caps.

By the way boondoggle is usually associated with non-useful activites (make
work). Are you suggesting that the Air Force does not need these tankers?

"Larry Dighera" > wrote in message
...
>
>
>
> Dozens of email exchanges among BOEING CO., the Air Force and the
> Pentagon released on Saturday raised fresh questions about a
> controversial $22.5 billion deal to lease, then buy 100 Boeing
> 767 tankers. The documents were among more than 8,000 provided
> to the Senate Commerce Committee as it investigated a deal its
> chairman, Sen. John McCain describes as a "military-industrial
> rip-off" and a government bailout of Boeing, whose commercial
> aircraft sales slumped after the September 2001 hijack attacks.
> The documents contain no "smoking guns," congressional sources
> say, but they show a close relationship between Boeing and Air
> Force officials, including Air Force Secretary James Roche, as
> well as details of a rival bid by Airbus SA.
> (Reuters 05:11 PM ET 08/30/2003)
>
> More:
>
http://q1.schwab.com/s/r?l=248&a=859525&m=100623f551c0a05020427a&s=rb030830
>
> ----------------------------------------------------------------
>
>
>
> Critics of a $22.4 billion Air Force proposal to lease, then buy,
> 100 Boeing 767s as refueling tankers plan to raise financing and
> cost concerns at a Senate hearing on Wednesday in a final bid to
> block the deal. Defense analysts predict tough questions in the
> Senate Commerce Committee and other hearings this week, but say
> the need to replace the Air Force's KC-135 tankers, which are on
> average 43 years old, will ultimately win the votes needed for
> approval. Arizona Republican Sen. John McCain, chairman of the
> Commerce Committee, blasts the deal as a government bailout of
> BOEING CO., whose commercial aircraft sales slumped after the
> September 2001 hijack attacks. The Congressional Budget Office,
> the General Accounting Office and several government watchdog
> groups are also skeptical of the deal, which has already won
> needed approval from three of four congressional committees.
> (Reuters 05:06 PM ET 09/02/2003)
>
> More:
>
http://q1.schwab.com/s/r?l=248&a=860029&m=100623f551c0a05020427a&s=rb030902
>
> ================================================== ==============
>
>
> On Mon, 01 Sep 2003 16:12:34 GMT, Larry Dighera >
> wrote in Message-Id: >:
>
> >
> >BOEING CO. rejected published reports that it might have obtained
> >rival bidder Airbus SAS's proprietary information while
> >negotiating a proposed $22.5 billion refueling tanker
> >lease-purchase agreement with the U.S. Air Force. "Boeing
> >believes we did not receive any proprietary information from
> >any official on any subject throughout the entire tanker
> >lease-negotiation process," said Doug Kennett, a spokesman for
> >the company. Earlier in the day, the Seattle
> >Post-Intelligencer, citing an unnamed source, reported what it
> >called new allegations that a senior Air Force official had
> >"provided Boeing with proprietary information" about Airbus's
> >offer to supply its own aircraft and modify them for the
> >refueling mission. The French-German aerospace firm that
> >controls Airbus said its response to the U.S. Air Force's
> >original request for tanker bids was "proprietary in nature and
> >was furnished to the Air Force in confidence."
> >(Reuters 01:31 PM ET 08/29/2003)
> >
> >More:
>
>http://q1.schwab.com/s/r?l=248&a=859368&m=100623f4fd5b305020258a&s=rb030829
> >
> >================================================== ==============
> >
> >
> >On Mon, 01 Sep 2003 15:07:06 GMT, Larry Dighera >
> >wrote in Message-Id: >:
> >
> >>
> >>
> >>-------------------------------------------------------------------
> >>AVflash Volume 9, Number 36a September 1, 2003
> >>-------------------------------------------------------------------
> >>
> >>BOEING TO FACE SENATE HEARING ON TANKER LEASE
> >>Boeing is under scrutiny, and the heat is about to intensify on
> >>Wednesday, when a hearing will be held by the Senate Commerce
> >>Committee about the planemaker's $21-billion leasing deal with the
> >>U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
> >>last week by the Congressional Budget Office concluded that "the
> >>proposed transaction would essentially be a purchase of the tankers by
> >>the federal government but at a cost greater than would be incurred
> >>under the normal appropriation and procurement process." The Seattle
> >>Post-Intelligencer reported Friday that Boeing may have had improper
> >>access to information about Airbus's competing proposal for the tanker
> >>deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
> >>longtime vocal critic of the lease -- which he has termed "corporate
> >>welfare" for Boeing -- will preside over the hearing. Boeing has
> >>already been in trouble for "industrial espionage" this summer.
> >>http://www.avweb.com/eletter/archives/avflash/122-full.html#185597
> >>
> >>
> >>
> >>On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
> >>wrote in Message-Id: >:
> >>
> >>>
> >>>The U.S. Congressional Budget Office said the U.S. Air Force's
> >>>plan to lease 100 BOEING CO. 767s as refueling tankers will
> >>>cost $1.3 billion to $2 billion more than an outright purchase.
> >>>The congressional agency said the proposed lease also failed to
> >>>meet four out of six conditions set for government leases by
> >>>the White House Office of Management and Budget. In a report
> >>>published on its web site, CBO said on average, the Air Force
> >>>would spent $161 million for each new refueling tanker in 2002
> >>>dollars, compared to a cost of $131 million for an outright
> >>>purchase. Two Senate committee plan hearings on the deal next
> >>>week. The Air Force has said the deal would be about $150
> >>>million more costly than a purchase, but say leasing is
> >>>preferable since it would allow the military to begin replacing
> >>>its aging fleet of KC-135 refueling tanker far sooner.
> >>>(Reuters 04:27 PM ET 08/26/2003)
> >>>
> >>>More:
>
>>>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb0308
26
> >>>
> >>>----------------------------------------------------------------
> >>>
> >>>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
> >>>wrote in Message-Id: >:
> >>>
> >>>>
> >>>>
> >>>>A key panel in the U.S. House of Representatives on Friday
> >>>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
> >>>>tankers, saying the lease would tie up less money in coming
> >>>>years than a purchase. "(The tanker leasing proposal) allows us
> >>>>to replace the aging fleet more quickly, while retaining an
> >>>>essential combat capability over the next several decades,"
> >>>>Rep. Duncan Hunter, chair of the House Armed Services
> >>>>Committee, said in a statement late on Friday. "For this
> >>>>reason, I am endorsing the proposal by the Secretary of Defense
> >>>>to lease 100 KC-767 aerial refueling tankers from the Boeing
> >>>>Corporation. The required notification will be sent this
> >>>>evening."
> >>>>(Reuters 01:58 AM ET 07/26/2003)
> >>>>
> >>>>More:
>
>>>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030
726
> >>>>
> >>>>================================================== ==============
> >>>>
> >>>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
> >>>>wrote in Message-Id: >:
> >>>>
> >>>>>
> >>>>>The General Accounting Office raised questions about U.S. Air
> >>>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
> >>>>>saying the purchase cost of the planes after the 6-year lease
> >>>>>was higher than that reported by the military. GAO's $173.5
> >>>>>million per plane price is substantially higher than the $138.4
> >>>>>million -- $131 million plus $7.4 million for financing costs --
> >>>>>cited by the Air Force, said Neal Curtin, director of defense
> >>>>>capabilities for the congressional investigative agency. Curtin
> >>>>>told the House Armed Services Committee he also had concerns
> >>>>>about the "special purpose entity" created to own the aircraft
> >>>>>and lease them to the Air Force. The Air Force has already won
> >>>>>the approval of the House and Senate Appropriations committees,
> >>>>>and says it hopes to move forward on the deal by September.
> >>>>>(Reuters 10:51 AM ET 07/23/2003)
> >>>>>
> >>>>>More:
>
>>>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb03
0723
> >>>>>
> >>>>>----------------------------------------------------------------
> >>>>>
> >>>>>
> >>>>>
> >>>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
> >>>>>wrote in Message-Id: >:
> >>>>>
> >>>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
> >>>>>>to the U.S. Air Force would offer good value and speed badly
> >>>>>>needed planes into service. An Air Force analysis delivered to
> >>>>>>Congress last Friday showed leasing could cost as much as $1.9
> >>>>>>billion more than a straight purchase, more than 10% of the
> >>>>>>proposed $17.2 billion deal, which would include an option to
> >>>>>>buy for another $4 billion. Critics including Republican Sen.
> >>>>>>John McCain of Arizona have blasted the deal as a
> >>>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
> >>>>>>a slump in orders for its commercial jets since the Sept. 11,
> >>>>>>2001 hijack attacks. But Air Force and Boeing officials argue
> >>>>>>that the tanker fleet, with an average age of 43 years,
> >>>>>>urgently needs an upgrade, saying the maintenance savings from
> >>>>>>the 100 proposed new aircraft would be worth $5 billion.
> >>>>>>(Reuters 03:24 PM ET 07/14/2003)
> >>>>>>
> >>>>>>More:
>
>>>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb0
30714
> >>>>>>
> >>>>>>================================================== ==============
> >>>>>>
> >>>>>>
> >>>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
> >>>>>>wrote in Message-Id: >:
> >>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>>>-------------------------------------------------------------------
> >>>>>>>AVflash Volume 9, Number 28a July 7, 2003
> >>>>>>>-------------------------------------------------------------------
> >>>>>>>
> >>>>>>>BOEING GETS AID FUNDS?...
> >>>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
> >>>>>>>company, so when Boeing stamps its feet, the ground shakes under
most
> >>>>>>>of us. Lately the Chicago-headquartered manufacturer has been
> >>>>>>>attracting the attention of critics who claim Boeing is drawing too
> >>>>>>>much from the government trough. The Citizens Against Government
Waste
> >>>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
> >>>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial
tankers
> >>>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of
127
> >>>>>>>707-based KC-135s would cost $3.8 billion and it also points out
that
> >>>>>>>after leasing the 767s for 10 years the planes go back to Boeing.
The
> >>>>>>>company is also (according to some) seeing some extremely generous
> >>>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs
to
> >>>>>>>be won by the location that will build its new 7E7 Dreamliner.
> >>>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
> >>>>>>>------------------------------------------------------------------
> >>>>>>>
> >>>>>>>
> >>>>>>>
> >>>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
> >>>>>>>wrote in Message-Id: >:
> >>>>>>>
> >>>>>>>>
> >>>>>>>>The Pentagon is working on an amendment to the proposed fiscal
> >>>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
> >>>>>>>>CO. 767s as refueling tankers, a top Air Force official said
> >>>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
> >>>>>>>>staff for installations and logistics, gave no details about
> >>>>>>>>the amount of the request when he testified to the House Armed
> >>>>>>>>Forces Committee's subcommittee on projection forces. The
> >>>>>>>>hearing was the first of several expected on the controversial
> >>>>>>>>proposed $16 billion lease agreement aimed at starting to
> >>>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
> >>>>>>>>which average 42 years in age.
> >>>>>>>>(Reuters 06:50 PM ET 06/24/2003)
> >>>>>>>>
> >>>>>>>>More:
>
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=r
b030624
> >>>>>>>>
> >>>>>>>>----------------------------------------------------------------
> >>>>>>>>
> >>>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
> >>>>>>>>wrote in Message-Id: >:
> >>>>>>>>
> >>>>>>>>>Sen. John McCain, who has called a U.S. military contract with
> >>>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
> >>>>>>>>>Philip Condit requesting documents related to the deal, The Wall
> >>>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
> >>>>>>>>>Commerce Committee, is seeking all communication between Boeing
> >>>>>>>>>and government officials related to the lease, as well as
> >>>>>>>>>documents from Boeing's interactions with commercial and
> >>>>>>>>>foreign government customers. A representative of Boeing could
> >>>>>>>>>not immediately be reached for comment, but a spokesman told
> >>>>>>>>>the Journal that Boeing received the letter and planned a
> >>>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
> >>>>>>>>>delay approval of a $16 billion deal in which the Air Force
> >>>>>>>>>will lease planes from Boeing to replace its aging fleet of
> >>>>>>>>>refueling aircraft.
> >>>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
> >>>>>>>>>
> >>>>>>>>>More:
>
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=
rb030617
> >>>>>>>>>
> >>>>>>>>>
> >>>>>>>>>
> >>>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera
>
> >>>>>>>>>wrote in Message-Id:
>:
> >>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
> >>>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
> >>>>>>>>>>dollars" and said lawmakers should delay its approval until a
> >>>>>>>>>>criminal investigation into another Boeing contract is
> >>>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
> >>>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
> >>>>>>>>>>its employees acted improperly during a fierce competition with
> >>>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
> >>>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
> >>>>>>>>>>taken appropriate action after it learned of the errors and
> >>>>>>>>>>would not tolerate unethical behavior. The Project on
> >>>>>>>>>>Government Oversight, which also signed the letter, rejected
> >>>>>>>>>>Condit's statement and said it had documented 36 cases of
> >>>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
> >>>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
> >>>>>>>>>>restitution and settlement fees.
> >>>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
> >>>>>>>>>>
> >>>>>>>>>>More:
>
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s
=rb030610
> >>>>>>>>>>
> >>>>>>>>>>----------------------------------------------------------------
> >>>>>>>>>>
> >>>>>>>>>>
> >>>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera
>
> >>>>>>>>>>wrote:
> >>>>>>>>>>
> >>>>>>>>>>>
> >>>>>>>>>>>U.S. senators will hold a hearing in early June on a $16
billion
> >>>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
> >>>>>>>>>>>Force, but congressional aides and defense experts did not
> >>>>>>>>>>>expect the deal to run into last-minute problems on Capitol
> >>>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
> >>>>>>>>>>>defense experts said they did not expect it to be the harbinger
> >>>>>>>>>>>of a new Pentagon preference for leasing military equipment.
> >>>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
> >>>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
> >>>>>>>>>>>being held up. The Air Force wants it, the administration wants
> >>>>>>>>>>>it and some very key people in both houses of Congress want
it."
> >>>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
> >>>>>>>>>>>
> >>>>>>>>>>>More:
>
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&
s=rb030527
> >>>>>>>>>>>
>
>>>>>>>>>>>----------------------------------------------------------------
> >>>>>>>>>>>
> >>>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera
>
> >>>>>>>>>>>wrote:
> >>>>>>>>>>>
> >>>>>>>>>>>>
> >>>>>>>>>>>>The White House budget office said that scant headway had been
> >>>>>>>>>>>>made as far as it was concerned toward a proposed
> >>>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING
CO.
> >>>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
> >>>>>>>>>>>>Management and Budget) doesn't see a lot of progress since
last
> >>>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary
Paul
> >>>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
> >>>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
> >>>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
> >>>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
> >>>>>>>>>>>>spokeswoman, said. She said she did not know how long a
> >>>>>>>>>>>>decision might take. The deal has been under discussion since
> >>>>>>>>>>>>early last year.
> >>>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
> >>>>>>>>>>>>
> >>>>>>>>>>>>More:
>
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a
&s=rb030521
> >>>>>>>>>>>>
>
>>>>>>>>>>>>----------------------------------------------------------------
> >>>>>>>>>>>>
> >>>>>>>>>>>>
> >>>>>>>>>>>>
> >>>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
> >>>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling
tankers
> >>>>>>>>>>>>after the company further lowered its price, sources familiar
> >>>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing
had
> >>>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
> >>>>>>>>>>>>planes below the figure of $136 million reported last week.
The
> >>>>>>>>>>>>price of the overall lease deal -- which critics have blasted
as
> >>>>>>>>>>>>corporate welfare for a company hard hit by a slump in
> >>>>>>>>>>>>commercial sales -- was now below $17 billion, including the
> >>>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
> >>>>>>>>>>>>of the lease, the sources said. The initial deal called for
the
> >>>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
> >>>>>>>>>>>>purchase at the end.
> >>>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
> >>>>>>>>>>>>
> >>>>>>>>>>>>More:
>
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a
&s=rb030520
> >>>>>>>>>>>>
>
>>>>>>>>>>>>----------------------------------------------------------------
> >>>>>>>>>>>>
> >>>>>>>>>>>>
> >>>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera
>
> >>>>>>>>>>>>wrote:
> >>>>>>>>>>>>
> >>>>>>>>>>>>>
> >>>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a
multibillion
> >>>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
> >>>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
> >>>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the
price
> >>>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141
million
> >>>>>>>>>>>>>each. The officials said a decision on the deal -- which has
> >>>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
> >>>>>>>>>>>>>they said defense officials were at pains to review the
> >>>>>>>>>>>>>agreement very carefully, since it marked the first time the
> >>>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
> >>>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
> >>>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
> >>>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
> >>>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
> >>>>>>>>>>>>>
> >>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467
a&s=rb030512
> >>>>>>>>>>>>>
>
>>>>>>>>>>>>>---------------------------------------------------------------
-
> >>>>>>>>>>>>>
> >>>>>>>>>>>>>
> >>>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera
>
> >>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>
> >>>>>>>>>>>>>>The Defense Department still has issues to resolve before
> >>>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
> >>>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
> >>>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
> >>>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
> >>>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks,
the
> >>>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
> >>>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have
been
> >>>>>>>>>>>>>>working on the proposed lease for more than a year. Their
> >>>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years,
with
> >>>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
> >>>>>>>>>>>>>>the end of the lease. By some accounts, the Defense
Department
> >>>>>>>>>>>>>>had been expected to sign off any day now following a fresh
> >>>>>>>>>>>>>>round of meetings on Friday and over the weekend that
> >>>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
> >>>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
> >>>>>>>>>>>>>>
> >>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba40002046
2a&s=rb030507
> >>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>--------------------------------------------------------------
--
> >>>>>>>>>>>>>>
> >>>>>>>>>>>>>>
> >>>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
> >>>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
> >>>>>>>>>>>>>>>refueling tankers and the deal could be approved later
Tuesday,
> >>>>>>>>>>>>>>>defense officials said. But sources familiar with the
> >>>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
> >>>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for
more
> >>>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its
approval
> >>>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the
Air
> >>>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded
over
> >>>>>>>>>>>>>>>the weekend in narrowing the differences between the cost
of the
> >>>>>>>>>>>>>>>deal as estimated by the Air Force and the independent
Institute
> >>>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms
of the
> >>>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to
lease
> >>>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion
to
> >>>>>>>>>>>>>>>buy them at the end of the term.
> >>>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
> >>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb83894050203
39a&s=rb030506
> >>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>================================================== ===========
===
> >>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets
to the
> >>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much
as
> >>>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life
of the
> >>>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official
who
> >>>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft
was
> >>>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the
projected
> >>>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This
figure
> >>>>>>>>>>>>>>>>would include all spare parts, training and simulators,
the
> >>>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the
6
> >>>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would
rise
> >>>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S.
Defense
> >>>>>>>>>>>>>>>>Department's approval, the air force would have an option
to
> >>>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a
combined $4
> >>>>>>>>>>>>>>>>billion.
> >>>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
> >>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020
347a&s=rb030501
> >>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>================================================== ==========
====
> >>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will
revisit a
> >>>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease
100
> >>>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources
familiar with
> >>>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials
have
> >>>>>>>>>>>>>>>>>been pressing for months to win approval for the unique
leasing
> >>>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option
to buy
> >>>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal
is
> >>>>>>>>>>>>>>>>>complicated because the government generally buys rather
than
> >>>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked
criticism
> >>>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget
and
> >>>>>>>>>>>>>>>>>independent watchdog agencies.
> >>>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
> >>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c3730002
0129a&s=rb030421
> >>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>================================================== =========
=====
> >>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767
jets to the
> >>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after
U.S.
> >>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
> >>>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the
matter
> >>>>>>>>>>>>>>>>>>said. Also being informally examined is how the price
per plane
> >>>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to
be
> >>>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force
officials have
> >>>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed
with
> >>>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the
Air
> >>>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the
end of
> >>>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any
talk of
> >>>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any
increase
> >>>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the
White
> >>>>>>>>>>>>>>>>>>House," he said.
> >>>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
> >>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d5000
20018a&s=rb030410
> >>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>wrote:
> >>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21
billion Air
> >>>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers
that has
> >>>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according
to
> >>>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary
Edward
> >>>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim,
who make
> >>>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the
proposed
> >>>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not
expected to
> >>>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting,
although
> >>>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected
him to
> >>>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force
would pay
> >>>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
> >>>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers.
Financial
> >>>>>>>>>>>>>>>>>>>service companies would set up a "special purpose
entity" to
> >>>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease
them to
> >>>>>>>>>>>>>>>>>>>the military.
> >>>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
> >>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00
019242a&s=rb030307
> >>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

m>:
> >>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks
on a
> >>>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company
official
> >>>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also
under
> >>>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to
supply
> >>>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to
replace
> >>>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers.
"I'm
> >>>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two
weeks," George
> >>>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told
defense
> >>>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or
four
> >>>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner
said.
> >>>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and
Australia
> >>>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based
tankers
> >>>>>>>>>>>>>>>>>>>>last month.
> >>>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
> >>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e3865120
5019134a&s=rb030129
> >>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

..com>:
> >>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week
whether to allow
> >>>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO.
tankers to
> >>>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary
Edward
> >>>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major
investment,"
> >>>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal,
which
> >>>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006
and all
> >>>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air
Force would
> >>>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of
the lease,
> >>>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge,
the
> >>>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and
flexible
> >>>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
> >>>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at
getting
> >>>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
> >>>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
> >>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab
00018999a&s=rb030207
> >>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

r.com>:
> >>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003
for a
> >>>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial
jets from
> >>>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions
said on
> >>>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at
replacing the
> >>>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has
been in the
> >>>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by
top
> >>>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised
questions
> >>>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of
the
> >>>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give
the Air
> >>>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to
be
> >>>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the
Air Force
> >>>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the
end of the
> >>>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
> >>>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
> >>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1
a03352909a&s=rb030113
> >>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>----------
> >>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

..com>:
> >>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as
early as next
> >>>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18
billion, to
> >>>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air
Force.
> >>>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach
agreement
> >>>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new
Congress taking
> >>>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and
chief
> >>>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems
unit. "We're
> >>>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told
reporters at
> >>>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch
of its Delta
> >>>>>>>>>>>>>>>>>>>>>>>4 rocket.
> >>>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
> >>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd433
1c03353370a&s=rb021114
> >>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>================================================== ===
===========
> >>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

..rr.com>:
> >>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial
refueling
> >>>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17
billion, some
> >>>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with
an option to
> >>>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The
current
> >>>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the
Pentagon's Cost
> >>>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it
could ease
> >>>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over
the initial
> >>>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will
turn out to
> >>>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking
about,"
> >>>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard
Chambers
> >>>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six
months we have
> >>>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
> >>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf
9b400015721a&s=rb021107
> >>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------
------------
> >>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

l.rr.com>:
> >>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S.
government, hopes to
> >>>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners
as refueling
> >>>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a
spokesman said.
> >>>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for
100 refueling
> >>>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26
billion that
> >>>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall
Street Journal
> >>>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S.
military contractor,
> >>>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been
thwarted by
> >>>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying
versus leasing. At
> >>>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of
Europe was
> >>>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
> >>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8
558500015335a&s=rb021105
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

al.rr.com>:
> >>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had
given it and BOEING
> >>>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an
11-year legal
> >>>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation
of the Navy's
> >>>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this
demand as an
> >>>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent
effort to gain
> >>>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company
said, noting
> >>>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal
court if the
> >>>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before
the 30-day
> >>>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy
were in intense
> >>>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter,
with one proposal
> >>>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and
services to the
> >>>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including
discounts on
> >>>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the
future.
> >>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d7
5386100022944a&s=rb020903
> >>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>==================================================
==============
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>

cal.rr.com>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft
manufacturer BOEING
> >>>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering
out an agreement
> >>>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert
them to aerial
> >>>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House
criticism of the
> >>>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director
Mitchell Daniels
> >>>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support
any proposal that
> >>>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase.
"The Air Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air
Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the
current fleet of
> >>>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41
years. "We're
> >>>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the
taxpayers."
> >>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d
51a0e803362003a&s=rb020806
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>-------------------------------------------------
---------------
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> > (W. D. Allen) wrote in
Message ID
>
>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing,
boondoggle! Can't sell something to a
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it
right or forget it!
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>end
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in
message
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>news:8j8cjug531sd2e94mknqm7p7id0l4uvfvt@news-ser
ver.socal.rr.com...
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace
company expects to
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers
to the U.S. Air
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress
authorized the Air Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with
Boeing for 100
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135
tankers. White
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had
said it would be
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the
old tankers than
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost
of $26 billion to
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623
d35f15203361594a&s=rb020717
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry
Dighera >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>----------------------------------------------------------------
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling
aircraft remains an Air Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief
of staff told
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a
proposed lease of
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air
Force said concern
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet
had been heightened
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling
after the Sept. 11
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche
rejected suggestions
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its
current refueling
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement
needs to start as soon
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a
separate letter replying
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=10062
3ce4361f03360177a&s=rb020515
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>----------------------------------------------------------------
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry
Dighera >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>----------------------------------------------------------------
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved
on Friday to boost
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26
billion Air Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets
and turn them into
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said
he was clearing the
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has
described as a potential
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by
the panel would force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get
specific funding for any
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process
that could delay any
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted
into law.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=1006
23ce0406e03359831a&s=rb02051
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>0
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry
Dighera >
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease
BOEING CO. 767 commercial
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is
an expensive solution
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel
capacity, according to a
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday.
Office of Management
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said
leasing the 100 767s to
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of
KC-135 tankers would
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a
slightly smaller overall
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of
126 KC-135s would
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar
amount but the Air Force
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said
in a letter to leasing
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John
McCain.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100
623cd9a90f00020925a&s=rb0205
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>07
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700,
(Blain Shinno) (Blain
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>:
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering
aerial refueling tankers
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner,
including some for Italian
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004,
with some 100 tankers for the
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line
beginning in 2005.
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be
delivered each year. Seems a little
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I
wonder when all of them will be
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF
better have the option of buying
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the
lease. And how does the lease
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When
will 767 derivatives start
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the
delivery of leased tankers, or
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the
budget?
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> --
>
> Irrational beliefs ultimately lead to irrational acts.
> -- Larry Dighera,

Thanks for your input on the subject.

On Thu, 04 Sep 2003 19:00:22 GMT, "William Wright" >
wrote in Message-Id: <aZL5b.264473$cF.83235@rwcrnsc53>:

>By the way boondoggle is usually associated with non-useful activites (make
>work). Are you suggesting that the Air Force does not need these tankers?

The subject of this thread was taken from the article available here:
http://www.commondreams.org/views02/0106-07.htm


Here's the header of the message that started this thread:

From: Chris Behrens >
Newsgroups: rec.aviation.military
Subject: Boeing Boondoggle
Organization: Salisbury Solutions
X-Newsreader: MicroPlanet Gravity v2.30
Lines: 10
Message-ID: >
Date: Wed, 09 Jan 2002 11:05:15 GMT


As you can see, the choice of the word 'boondoggle' was not mine, nor
that of the original poster.

As to the meaning of the word 'boondoggle' here's Merriam Webster's
definition:

boon•dog•gle \"bun-'da-gel, -'do-\ noun [coined by Robert H. Link
†1957 Am. scoutmaster] (1929)
1 : a braided cord worn by Boy Scouts as a neckerchief slide,
hatband, or ornament
2 : a wasteful or impractical project or activity often
involving graft
boondoggle
verb intransitive
boon•dog•gler \-g(e-)ler\ noun

Merriam-Webster, Incorporated.


--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

The Pentagon's Inspector General announced a formal investigation
into whether an Air Force official improperly shared data with
BOEING CO., raising new questions about a $22.4 billion Air
Force deal to lease, then buy 100 767 tankers. Sen. John McCain
cited the investigation and once again blasted the proposed
lease deal at a Senate Commerce Committee hearing, while Alaska
Republican Sen. Ted Stevens underscored what he called the
urgency of quickly replacing the Air Force's aging fleet of
KC-135 tankers due to increased wartime use. McCain said
documents provided by Chicago-based Boeing, the Air Force and
the Pentagon which prompted the investigation showed an
"extremely aggressive sales pitch" for the deal.
(Reuters 04:11 PM ET 09/03/2003)

More:
http://q1.schwab.com/s/r?l=248&a=860539&m=100623f56707100020304a&s=rb030903

----------------------------------------------------------------


Darleen Druyun, a former Air Force official, offered as early as
October 2001 to meet with investors to stress the low risk of a
deal for the Air Force to lease Boeing tankers, a BOEING CO.
memorandum shows. The Pentagon's Inspector General on Wednesday
launched a formal investigation into whether the Air Force
shared proprietary data with Boeing, an inquiry defense
officials said was focused on Druyun, who joined Boeing in
January 2003 after retiring from the Air Force in November
2002. Boeing denies it received any proprietary data during the
negotiations, and Druyun had declined interview requests. The
company insists Druyun has not been involved in the lease
negotiations since joining the company, adhering firmly to
federal rules for former defense officials. Pentagon
investigators will try to determine if Druyun overstepped her
bounds in those discussions, but congressional sources said it
was clear from a series of emails provided to lawmakers by
Boeing that she played a key role early in the Air Force's
negotiations with Boeing.
(Reuters 08:12 PM ET 09/03/2003)

More:
http://q1.schwab.com/s/r?l=248&a=860671&m=100623f57bf3800020511a&s=rb030903

----------------------------------------------------------------


Senate Armed Services Committee Chairman John Warner said his
panel would not rush to a vote on a controversial Air Force
plan to lease 100 BOEING CO. 767 refueling tankers, which has
been dogged by questions about its cost and propriety. "We owe
an obligation to the taxpayers to very carefully assess this
issue," the Virginia Republican said at the opening of a
hearing into the $22.4 billion Air Force proposal to lease and
then buy 100 aerial tankers. Warner said members of his panel
would hold discussions in a closed hearing after taking
testimony from witnesses before he would schedule a vote.
(Reuters 10:26 AM ET 09/04/2003)

More:
http://q1.schwab.com/s/r?l=248&a=860962&m=100623f57bf3800020511a&s=rb030904

----------------------------------------------------------------


The U.S. Senate Armed Services Committee has asked Defense
Secretary Donald Rumsfeld to look at leasing just one quarter
of the 100 BOEING CO. 767s sought by the Air Force as refueling
tankers, officials said. The committee will postpone a vote on
the Air Force's plan until it gets a Pentagon analysis, the
officials said.
(Reuters 05:05 PM ET 09/04/2003)

More:
http://q1.schwab.com/s/r?l=248&a=861200&m=100623f57bf3800020511a&s=rb030904

----------------------------------------------------------------


On Wed, 03 Sep 2003 03:45:48 GMT, Larry Dighera >
wrote in Message-Id: >:

>
>Dozens of email exchanges among BOEING CO., the Air Force and the
>Pentagon released on Saturday raised fresh questions about a
>controversial $22.5 billion deal to lease, then buy 100 Boeing
>767 tankers. The documents were among more than 8,000 provided
>to the Senate Commerce Committee as it investigated a deal its
>chairman, Sen. John McCain describes as a "military-industrial
>rip-off" and a government bailout of Boeing, whose commercial
>aircraft sales slumped after the September 2001 hijack attacks.
>The documents contain no "smoking guns," congressional sources
>say, but they show a close relationship between Boeing and Air
>Force officials, including Air Force Secretary James Roche, as
>well as details of a rival bid by Airbus SA.
>(Reuters 05:11 PM ET 08/30/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=859525&m=100623f551c0a05020427a&s=rb030830
>
>----------------------------------------------------------------
>
>
>
>Critics of a $22.4 billion Air Force proposal to lease, then buy,
>100 Boeing 767s as refueling tankers plan to raise financing and
>cost concerns at a Senate hearing on Wednesday in a final bid to
>block the deal. Defense analysts predict tough questions in the
>Senate Commerce Committee and other hearings this week, but say
>the need to replace the Air Force's KC-135 tankers, which are on
>average 43 years old, will ultimately win the votes needed for
>approval. Arizona Republican Sen. John McCain, chairman of the
>Commerce Committee, blasts the deal as a government bailout of
>BOEING CO., whose commercial aircraft sales slumped after the
>September 2001 hijack attacks. The Congressional Budget Office,
>the General Accounting Office and several government watchdog
>groups are also skeptical of the deal, which has already won
>needed approval from three of four congressional committees.
>(Reuters 05:06 PM ET 09/02/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=860029&m=100623f551c0a05020427a&s=rb030902
>
>================================================== ==============
>
>
>On Mon, 01 Sep 2003 16:12:34 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>
>>BOEING CO. rejected published reports that it might have obtained
>>rival bidder Airbus SAS's proprietary information while
>>negotiating a proposed $22.5 billion refueling tanker
>>lease-purchase agreement with the U.S. Air Force. "Boeing
>>believes we did not receive any proprietary information from
>>any official on any subject throughout the entire tanker
>>lease-negotiation process," said Doug Kennett, a spokesman for
>>the company. Earlier in the day, the Seattle
>>Post-Intelligencer, citing an unnamed source, reported what it
>>called new allegations that a senior Air Force official had
>>"provided Boeing with proprietary information" about Airbus's
>>offer to supply its own aircraft and modify them for the
>>refueling mission. The French-German aerospace firm that
>>controls Airbus said its response to the U.S. Air Force's
>>original request for tanker bids was "proprietary in nature and
>>was furnished to the Air Force in confidence."
>>(Reuters 01:31 PM ET 08/29/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=859368&m=100623f4fd5b305020258a&s=rb030829
>>
>>================================================== ==============
>>
>>
>>On Mon, 01 Sep 2003 15:07:06 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>
>>>-------------------------------------------------------------------
>>>AVflash Volume 9, Number 36a September 1, 2003
>>>-------------------------------------------------------------------
>>>
>>>BOEING TO FACE SENATE HEARING ON TANKER LEASE
>>>Boeing is under scrutiny, and the heat is about to intensify on
>>>Wednesday, when a hearing will be held by the Senate Commerce
>>>Committee about the planemaker's $21-billion leasing deal with the
>>>U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
>>>last week by the Congressional Budget Office concluded that "the
>>>proposed transaction would essentially be a purchase of the tankers by
>>>the federal government but at a cost greater than would be incurred
>>>under the normal appropriation and procurement process." The Seattle
>>>Post-Intelligencer reported Friday that Boeing may have had improper
>>>access to information about Airbus's competing proposal for the tanker
>>>deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
>>>longtime vocal critic of the lease -- which he has termed "corporate
>>>welfare" for Boeing -- will preside over the hearing. Boeing has
>>>already been in trouble for "industrial espionage" this summer.
>>>http://www.avweb.com/eletter/archives/avflash/122-full.html#185597
>>>
>>>
>>>
>>>On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>The U.S. Congressional Budget Office said the U.S. Air Force's
>>>>plan to lease 100 BOEING CO. 767s as refueling tankers will
>>>>cost $1.3 billion to $2 billion more than an outright purchase.
>>>>The congressional agency said the proposed lease also failed to
>>>>meet four out of six conditions set for government leases by
>>>>the White House Office of Management and Budget. In a report
>>>>published on its web site, CBO said on average, the Air Force
>>>>would spent $161 million for each new refueling tanker in 2002
>>>>dollars, compared to a cost of $131 million for an outright
>>>>purchase. Two Senate committee plan hearings on the deal next
>>>>week. The Air Force has said the deal would be about $150
>>>>million more costly than a purchase, but say leasing is
>>>>preferable since it would allow the military to begin replacing
>>>>its aging fleet of KC-135 refueling tanker far sooner.
>>>>(Reuters 04:27 PM ET 08/26/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826
>>>>
>>>>----------------------------------------------------------------
>>>>
>>>>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>
>>>>>
>>>>>A key panel in the U.S. House of Representatives on Friday
>>>>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>>>>>tankers, saying the lease would tie up less money in coming
>>>>>years than a purchase. "(The tanker leasing proposal) allows us
>>>>>to replace the aging fleet more quickly, while retaining an
>>>>>essential combat capability over the next several decades,"
>>>>>Rep. Duncan Hunter, chair of the House Armed Services
>>>>>Committee, said in a statement late on Friday. "For this
>>>>>reason, I am endorsing the proposal by the Secretary of Defense
>>>>>to lease 100 KC-767 aerial refueling tankers from the Boeing
>>>>>Corporation. The required notification will be sent this
>>>>>evening."
>>>>>(Reuters 01:58 AM ET 07/26/2003)
>>>>>
>>>>>More:
>>>>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>>>>>
>>>>>================================================== ==============
>>>>>
>>>>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>
>>>>>>The General Accounting Office raised questions about U.S. Air
>>>>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>>>>>saying the purchase cost of the planes after the 6-year lease
>>>>>>was higher than that reported by the military. GAO's $173.5
>>>>>>million per plane price is substantially higher than the $138.4
>>>>>>million -- $131 million plus $7.4 million for financing costs --
>>>>>>cited by the Air Force, said Neal Curtin, director of defense
>>>>>>capabilities for the congressional investigative agency. Curtin
>>>>>>told the House Armed Services Committee he also had concerns
>>>>>>about the "special purpose entity" created to own the aircraft
>>>>>>and lease them to the Air Force. The Air Force has already won
>>>>>>the approval of the House and Senate Appropriations committees,
>>>>>>and says it hopes to move forward on the deal by September.
>>>>>>(Reuters 10:51 AM ET 07/23/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>
>>>>>>
>>>>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>>>>>to the U.S. Air Force would offer good value and speed badly
>>>>>>>needed planes into service. An Air Force analysis delivered to
>>>>>>>Congress last Friday showed leasing could cost as much as $1.9
>>>>>>>billion more than a straight purchase, more than 10% of the
>>>>>>>proposed $17.2 billion deal, which would include an option to
>>>>>>>buy for another $4 billion. Critics including Republican Sen.
>>>>>>>John McCain of Arizona have blasted the deal as a
>>>>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>>>>>a slump in orders for its commercial jets since the Sept. 11,
>>>>>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>>>>>that the tanker fleet, with an average age of 43 years,
>>>>>>>urgently needs an upgrade, saying the maintenance savings from
>>>>>>>the 100 proposed new aircraft would be worth $5 billion.
>>>>>>>(Reuters 03:24 PM ET 07/14/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>>>>>
>>>>>>>================================================== ==============
>>>>>>>
>>>>>>>
>>>>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>>>>>wrote in Message-Id: >:
>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>-------------------------------------------------------------------
>>>>>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>>>>>-------------------------------------------------------------------
>>>>>>>>
>>>>>>>>BOEING GETS AID FUNDS?...
>>>>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>>>>>much from the government trough. The Citizens Against Government Waste
>>>>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>>>>>company is also (according to some) seeing some extremely generous
>>>>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>>>>>------------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>>>>>wrote in Message-Id: >:
>>>>>>>>
>>>>>>>>>
>>>>>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>>>>>staff for installations and logistics, gave no details about
>>>>>>>>>the amount of the request when he testified to the House Armed
>>>>>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>>>>>hearing was the first of several expected on the controversial
>>>>>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>>>>>which average 42 years in age.
>>>>>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>>>>>
>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>
>>>>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>
>>>>>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>>>>>and government officials related to the lease, as well as
>>>>>>>>>>documents from Boeing's interactions with commercial and
>>>>>>>>>>foreign government customers. A representative of Boeing could
>>>>>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>>>>>refueling aircraft.
>>>>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>>>>>
>>>>>>>>>>More:
>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>>>>>restitution and settlement fees.
>>>>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>>>>>wrote:
>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>>>>>
>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>
>>>>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>>>>>wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>>>>>early last year.
>>>>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>>>>>
>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>>>>>purchase at the end.
>>>>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>>>>>
>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,

The U.S. Air Force on Monday said it expected to respond by early
next week to a letter from the Senate Armed Services Committee
proposing a scaled-down lease of 25 BOEING CO. 767s tankers.
"We're in the process of preparing our letter," said Air Force
spokeswoman Gloria Cales. "We should have our response pulled
together later this week or early next week." Cales gave no
details, but Air Force acquisitions chief Marvin Sambur last
week said it would be "significantly more expensive" to lease
fewer airplanes, due to lost volume discounts and the impact of
inflation. Once the Air Force completed its response, it would
go to Defense Secretary Donald Rumsfeld for approval, she said.
(Reuters 06:17 PM ET 09/08/2003)

More:
http://q1.schwab.com/s/r?l=248&a=862098&m=100623f5e588305020493a&s=rb030908

----------------------------------------------------------------


On Sat, 06 Sep 2003 11:43:43 GMT, Larry Dighera >
wrote in Message-Id: >:

>Sen. John McCain, who has criticized the cost of a U.S. Air Force
>proposal to lease BOEING CO. 767s as refueling tankers, said on
>Friday he would press Air Force Secretary James Roche and other
>top Pentagon officials to hand over all records on the deal.
>"We'll be asking for as much information as we can get," McCain
>said in a telephone interview, 1 day after the Senate Armed
>Services Committee on which he serves delayed an expected vote
>on a $22.4 billion lease-to-buy plan.
>(Reuters 04:23 PM ET 09/05/2003)
>
>More:
>http://q1.schwab.com/s/r?l=248&a=861590&m=100623f590fbd05020571a&s=rb030905
>
>================================================== ==============
>
>
>On Fri, 05 Sep 2003 17:20:17 GMT, Larry Dighera >
>wrote in Message-Id: >:
>
>>The Pentagon's Inspector General announced a formal investigation
>>into whether an Air Force official improperly shared data with
>>BOEING CO., raising new questions about a $22.4 billion Air
>>Force deal to lease, then buy 100 767 tankers. Sen. John McCain
>>cited the investigation and once again blasted the proposed
>>lease deal at a Senate Commerce Committee hearing, while Alaska
>>Republican Sen. Ted Stevens underscored what he called the
>>urgency of quickly replacing the Air Force's aging fleet of
>>KC-135 tankers due to increased wartime use. McCain said
>>documents provided by Chicago-based Boeing, the Air Force and
>>the Pentagon which prompted the investigation showed an
>>"extremely aggressive sales pitch" for the deal.
>>(Reuters 04:11 PM ET 09/03/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=860539&m=100623f56707100020304a&s=rb030903
>>
>>----------------------------------------------------------------
>>
>>
>>Darleen Druyun, a former Air Force official, offered as early as
>>October 2001 to meet with investors to stress the low risk of a
>>deal for the Air Force to lease Boeing tankers, a BOEING CO.
>>memorandum shows. The Pentagon's Inspector General on Wednesday
>>launched a formal investigation into whether the Air Force
>>shared proprietary data with Boeing, an inquiry defense
>>officials said was focused on Druyun, who joined Boeing in
>>January 2003 after retiring from the Air Force in November
>>2002. Boeing denies it received any proprietary data during the
>>negotiations, and Druyun had declined interview requests. The
>>company insists Druyun has not been involved in the lease
>>negotiations since joining the company, adhering firmly to
>>federal rules for former defense officials. Pentagon
>>investigators will try to determine if Druyun overstepped her
>>bounds in those discussions, but congressional sources said it
>>was clear from a series of emails provided to lawmakers by
>>Boeing that she played a key role early in the Air Force's
>>negotiations with Boeing.
>>(Reuters 08:12 PM ET 09/03/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=860671&m=100623f57bf3800020511a&s=rb030903
>>
>>----------------------------------------------------------------
>>
>>
>>Senate Armed Services Committee Chairman John Warner said his
>>panel would not rush to a vote on a controversial Air Force
>>plan to lease 100 BOEING CO. 767 refueling tankers, which has
>>been dogged by questions about its cost and propriety. "We owe
>>an obligation to the taxpayers to very carefully assess this
>>issue," the Virginia Republican said at the opening of a
>>hearing into the $22.4 billion Air Force proposal to lease and
>>then buy 100 aerial tankers. Warner said members of his panel
>>would hold discussions in a closed hearing after taking
>>testimony from witnesses before he would schedule a vote.
>>(Reuters 10:26 AM ET 09/04/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=860962&m=100623f57bf3800020511a&s=rb030904
>>
>>----------------------------------------------------------------
>>
>>
>>The U.S. Senate Armed Services Committee has asked Defense
>>Secretary Donald Rumsfeld to look at leasing just one quarter
>>of the 100 BOEING CO. 767s sought by the Air Force as refueling
>>tankers, officials said. The committee will postpone a vote on
>>the Air Force's plan until it gets a Pentagon analysis, the
>>officials said.
>>(Reuters 05:05 PM ET 09/04/2003)
>>
>>More:
>>http://q1.schwab.com/s/r?l=248&a=861200&m=100623f57bf3800020511a&s=rb030904
>>
>>----------------------------------------------------------------
>>
>>
>>On Wed, 03 Sep 2003 03:45:48 GMT, Larry Dighera >
>>wrote in Message-Id: >:
>>
>>>
>>>Dozens of email exchanges among BOEING CO., the Air Force and the
>>>Pentagon released on Saturday raised fresh questions about a
>>>controversial $22.5 billion deal to lease, then buy 100 Boeing
>>>767 tankers. The documents were among more than 8,000 provided
>>>to the Senate Commerce Committee as it investigated a deal its
>>>chairman, Sen. John McCain describes as a "military-industrial
>>>rip-off" and a government bailout of Boeing, whose commercial
>>>aircraft sales slumped after the September 2001 hijack attacks.
>>>The documents contain no "smoking guns," congressional sources
>>>say, but they show a close relationship between Boeing and Air
>>>Force officials, including Air Force Secretary James Roche, as
>>>well as details of a rival bid by Airbus SA.
>>>(Reuters 05:11 PM ET 08/30/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=859525&m=100623f551c0a05020427a&s=rb030830
>>>
>>>----------------------------------------------------------------
>>>
>>>
>>>
>>>Critics of a $22.4 billion Air Force proposal to lease, then buy,
>>>100 Boeing 767s as refueling tankers plan to raise financing and
>>>cost concerns at a Senate hearing on Wednesday in a final bid to
>>>block the deal. Defense analysts predict tough questions in the
>>>Senate Commerce Committee and other hearings this week, but say
>>>the need to replace the Air Force's KC-135 tankers, which are on
>>>average 43 years old, will ultimately win the votes needed for
>>>approval. Arizona Republican Sen. John McCain, chairman of the
>>>Commerce Committee, blasts the deal as a government bailout of
>>>BOEING CO., whose commercial aircraft sales slumped after the
>>>September 2001 hijack attacks. The Congressional Budget Office,
>>>the General Accounting Office and several government watchdog
>>>groups are also skeptical of the deal, which has already won
>>>needed approval from three of four congressional committees.
>>>(Reuters 05:06 PM ET 09/02/2003)
>>>
>>>More:
>>>http://q1.schwab.com/s/r?l=248&a=860029&m=100623f551c0a05020427a&s=rb030902
>>>
>>>================================================== ==============
>>>
>>>
>>>On Mon, 01 Sep 2003 16:12:34 GMT, Larry Dighera >
>>>wrote in Message-Id: >:
>>>
>>>>
>>>>BOEING CO. rejected published reports that it might have obtained
>>>>rival bidder Airbus SAS's proprietary information while
>>>>negotiating a proposed $22.5 billion refueling tanker
>>>>lease-purchase agreement with the U.S. Air Force. "Boeing
>>>>believes we did not receive any proprietary information from
>>>>any official on any subject throughout the entire tanker
>>>>lease-negotiation process," said Doug Kennett, a spokesman for
>>>>the company. Earlier in the day, the Seattle
>>>>Post-Intelligencer, citing an unnamed source, reported what it
>>>>called new allegations that a senior Air Force official had
>>>>"provided Boeing with proprietary information" about Airbus's
>>>>offer to supply its own aircraft and modify them for the
>>>>refueling mission. The French-German aerospace firm that
>>>>controls Airbus said its response to the U.S. Air Force's
>>>>original request for tanker bids was "proprietary in nature and
>>>>was furnished to the Air Force in confidence."
>>>>(Reuters 01:31 PM ET 08/29/2003)
>>>>
>>>>More:
>>>>http://q1.schwab.com/s/r?l=248&a=859368&m=100623f4fd5b305020258a&s=rb030829
>>>>
>>>>================================================== ==============
>>>>
>>>>
>>>>On Mon, 01 Sep 2003 15:07:06 GMT, Larry Dighera >
>>>>wrote in Message-Id: >:
>>>>
>>>>>
>>>>>
>>>>>-------------------------------------------------------------------
>>>>>AVflash Volume 9, Number 36a September 1, 2003
>>>>>-------------------------------------------------------------------
>>>>>
>>>>>BOEING TO FACE SENATE HEARING ON TANKER LEASE
>>>>>Boeing is under scrutiny, and the heat is about to intensify on
>>>>>Wednesday, when a hearing will be held by the Senate Commerce
>>>>>Committee about the planemaker's $21-billion leasing deal with the
>>>>>U.S. Air Force for 100 B767 aerial refueling tankers. A report issued
>>>>>last week by the Congressional Budget Office concluded that "the
>>>>>proposed transaction would essentially be a purchase of the tankers by
>>>>>the federal government but at a cost greater than would be incurred
>>>>>under the normal appropriation and procurement process." The Seattle
>>>>>Post-Intelligencer reported Friday that Boeing may have had improper
>>>>>access to information about Airbus's competing proposal for the tanker
>>>>>deal. Boeing denied that allegation. Sen. John McCain (R-Ariz.), a
>>>>>longtime vocal critic of the lease -- which he has termed "corporate
>>>>>welfare" for Boeing -- will preside over the hearing. Boeing has
>>>>>already been in trouble for "industrial espionage" this summer.
>>>>>http://www.avweb.com/eletter/archives/avflash/122-full.html#185597
>>>>>
>>>>>
>>>>>
>>>>>On Wed, 27 Aug 2003 16:15:04 GMT, Larry Dighera >
>>>>>wrote in Message-Id: >:
>>>>>
>>>>>>
>>>>>>The U.S. Congressional Budget Office said the U.S. Air Force's
>>>>>>plan to lease 100 BOEING CO. 767s as refueling tankers will
>>>>>>cost $1.3 billion to $2 billion more than an outright purchase.
>>>>>>The congressional agency said the proposed lease also failed to
>>>>>>meet four out of six conditions set for government leases by
>>>>>>the White House Office of Management and Budget. In a report
>>>>>>published on its web site, CBO said on average, the Air Force
>>>>>>would spent $161 million for each new refueling tanker in 2002
>>>>>>dollars, compared to a cost of $131 million for an outright
>>>>>>purchase. Two Senate committee plan hearings on the deal next
>>>>>>week. The Air Force has said the deal would be about $150
>>>>>>million more costly than a purchase, but say leasing is
>>>>>>preferable since it would allow the military to begin replacing
>>>>>>its aging fleet of KC-135 refueling tanker far sooner.
>>>>>>(Reuters 04:27 PM ET 08/26/2003)
>>>>>>
>>>>>>More:
>>>>>>http://q1.schwab.com/s/r?l=248&a=858221&m=100623f4be08f05019907a&s=rb030826
>>>>>>
>>>>>>----------------------------------------------------------------
>>>>>>
>>>>>>On Tue, 29 Jul 2003 14:37:39 GMT, Larry Dighera >
>>>>>>wrote in Message-Id: >:
>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>A key panel in the U.S. House of Representatives on Friday
>>>>>>>approved Air Force plans to lease 100 BOEING CO. 767 refueling
>>>>>>>tankers, saying the lease would tie up less money in coming
>>>>>>>years than a purchase. "(The tanker leasing proposal) allows us
>>>>>>>to replace the aging fleet more quickly, while retaining an
>>>>>>>essential combat capability over the next several decades,"
>>>>>>>Rep. Duncan Hunter, chair of the House Armed Services
>>>>>>>Committee, said in a statement late on Friday. "For this
>>>>>>>reason, I am endorsing the proposal by the Secretary of Defense
>>>>>>>to lease 100 KC-767 aerial refueling tankers from the Boeing
>>>>>>>Corporation. The required notification will be sent this
>>>>>>>evening."
>>>>>>>(Reuters 01:58 AM ET 07/26/2003)
>>>>>>>
>>>>>>>More:
>>>>>>>http://q1.schwab.com/s/r?l=248&a=846980&m=100623f25a5dd05019411a&s=rb030726
>>>>>>>
>>>>>>>================================================== ==============
>>>>>>>
>>>>>>>On Fri, 25 Jul 2003 10:51:58 GMT, Larry Dighera >
>>>>>>>wrote in Message-Id: >:
>>>>>>>
>>>>>>>>
>>>>>>>>The General Accounting Office raised questions about U.S. Air
>>>>>>>>Force plans to lease 100 BOEING CO. 767 refueling tankers,
>>>>>>>>saying the purchase cost of the planes after the 6-year lease
>>>>>>>>was higher than that reported by the military. GAO's $173.5
>>>>>>>>million per plane price is substantially higher than the $138.4
>>>>>>>>million -- $131 million plus $7.4 million for financing costs --
>>>>>>>>cited by the Air Force, said Neal Curtin, director of defense
>>>>>>>>capabilities for the congressional investigative agency. Curtin
>>>>>>>>told the House Armed Services Committee he also had concerns
>>>>>>>>about the "special purpose entity" created to own the aircraft
>>>>>>>>and lease them to the Air Force. The Air Force has already won
>>>>>>>>the approval of the House and Senate Appropriations committees,
>>>>>>>>and says it hopes to move forward on the deal by September.
>>>>>>>>(Reuters 10:51 AM ET 07/23/2003)
>>>>>>>>
>>>>>>>>More:
>>>>>>>>http://q1.schwab.com/s/r?l=248&a=844998&m=100623f1f146a00019368a&s=rb030723
>>>>>>>>
>>>>>>>>----------------------------------------------------------------
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>On Tue, 15 Jul 2003 10:02:11 GMT, Larry Dighera >
>>>>>>>>wrote in Message-Id: >:
>>>>>>>>
>>>>>>>>>BOEING CO. said a controversial plan to lease 100 tanker aircraft
>>>>>>>>>to the U.S. Air Force would offer good value and speed badly
>>>>>>>>>needed planes into service. An Air Force analysis delivered to
>>>>>>>>>Congress last Friday showed leasing could cost as much as $1.9
>>>>>>>>>billion more than a straight purchase, more than 10% of the
>>>>>>>>>proposed $17.2 billion deal, which would include an option to
>>>>>>>>>buy for another $4 billion. Critics including Republican Sen.
>>>>>>>>>John McCain of Arizona have blasted the deal as a
>>>>>>>>>taxpayer-funded handout to Boeing, which has been badly hurt by
>>>>>>>>>a slump in orders for its commercial jets since the Sept. 11,
>>>>>>>>>2001 hijack attacks. But Air Force and Boeing officials argue
>>>>>>>>>that the tanker fleet, with an average age of 43 years,
>>>>>>>>>urgently needs an upgrade, saying the maintenance savings from
>>>>>>>>>the 100 proposed new aircraft would be worth $5 billion.
>>>>>>>>>(Reuters 03:24 PM ET 07/14/2003)
>>>>>>>>>
>>>>>>>>>More:
>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=840506&m=100623f13303900018904a&s=rb030714
>>>>>>>>>
>>>>>>>>>================================================== ==============
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>On Mon, 07 Jul 2003 10:19:06 GMT, Larry Dighera >
>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>-------------------------------------------------------------------
>>>>>>>>>>AVflash Volume 9, Number 28a July 7, 2003
>>>>>>>>>>-------------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>BOEING GETS AID FUNDS?...
>>>>>>>>>>It's the U.S.'s largest exporter and by far its largest aerospace
>>>>>>>>>>company, so when Boeing stamps its feet, the ground shakes under most
>>>>>>>>>>of us. Lately the Chicago-headquartered manufacturer has been
>>>>>>>>>>attracting the attention of critics who claim Boeing is drawing too
>>>>>>>>>>much from the government trough. The Citizens Against Government Waste
>>>>>>>>>>(CAGW) has formally asked the House Armed Services Subcommittee to
>>>>>>>>>>oppose a $21 billion deal for Boeing to lease 100 767 aerial tankers
>>>>>>>>>>to the Air Force. The CAGW claims upgrading the existing fleet of 127
>>>>>>>>>>707-based KC-135s would cost $3.8 billion and it also points out that
>>>>>>>>>>after leasing the 767s for 10 years the planes go back to Boeing. The
>>>>>>>>>>company is also (according to some) seeing some extremely generous
>>>>>>>>>>offers from states and towns as it dangles the carrot of 1,000 jobs to
>>>>>>>>>>be won by the location that will build its new 7E7 Dreamliner.
>>>>>>>>>>http://www.avweb.com/newswire/9_28a/complete/185269-1.html#2
>>>>>>>>>>------------------------------------------------------------------
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>On Thu, 26 Jun 2003 01:07:00 GMT, Larry Dighera >
>>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>The Pentagon is working on an amendment to the proposed fiscal
>>>>>>>>>>>2004 defense budget as a result of its plan to lease 100 BOEING
>>>>>>>>>>>CO. 767s as refueling tankers, a top Air Force official said
>>>>>>>>>>>Tuesday. Air Force Lt. Gen. Michael Zettler, deputy chief of
>>>>>>>>>>>staff for installations and logistics, gave no details about
>>>>>>>>>>>the amount of the request when he testified to the House Armed
>>>>>>>>>>>Forces Committee's subcommittee on projection forces. The
>>>>>>>>>>>hearing was the first of several expected on the controversial
>>>>>>>>>>>proposed $16 billion lease agreement aimed at starting to
>>>>>>>>>>>replace the Air Force's fleet of 543 KC-135 refueling tankers,
>>>>>>>>>>>which average 42 years in age.
>>>>>>>>>>>(Reuters 06:50 PM ET 06/24/2003)
>>>>>>>>>>>
>>>>>>>>>>>More:
>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=833022&m=100623efa235200020805a&s=rb030624
>>>>>>>>>>>
>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>
>>>>>>>>>>>On Wed, 18 Jun 2003 20:15:49 GMT, Larry Dighera >
>>>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>>>
>>>>>>>>>>>>Sen. John McCain, who has called a U.S. military contract with
>>>>>>>>>>>>BOEING CO. a "rip-off," sent a letter to Boeing Chief Executive
>>>>>>>>>>>>Philip Condit requesting documents related to the deal, The Wall
>>>>>>>>>>>>Street Journal reported. McCain, the chair of the U.S. Senate's
>>>>>>>>>>>>Commerce Committee, is seeking all communication between Boeing
>>>>>>>>>>>>and government officials related to the lease, as well as
>>>>>>>>>>>>documents from Boeing's interactions with commercial and
>>>>>>>>>>>>foreign government customers. A representative of Boeing could
>>>>>>>>>>>>not immediately be reached for comment, but a spokesman told
>>>>>>>>>>>>the Journal that Boeing received the letter and planned a
>>>>>>>>>>>>response. Critics of the deal have called on U.S. lawmakers to
>>>>>>>>>>>>delay approval of a $16 billion deal in which the Air Force
>>>>>>>>>>>>will lease planes from Boeing to replace its aging fleet of
>>>>>>>>>>>>refueling aircraft.
>>>>>>>>>>>>(Reuters 05:53 AM ET 06/17/2003)
>>>>>>>>>>>>
>>>>>>>>>>>>More:
>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=829507&m=100623eef96c205020353a&s=rb030617
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>On Thu, 12 Jun 2003 13:33:18 GMT, Larry Dighera >
>>>>>>>>>>>>wrote in Message-Id: >:
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Seven independent groups blasted a $16 billion BOEING CO. lease
>>>>>>>>>>>>>deal with the Air Force as "a profligate waste of taxpayer
>>>>>>>>>>>>>dollars" and said lawmakers should delay its approval until a
>>>>>>>>>>>>>criminal investigation into another Boeing contract is
>>>>>>>>>>>>>completed. Boeing, anticipating the letter, on Monday bought
>>>>>>>>>>>>>full-page advertisements in major U.S. newspapers, admitting
>>>>>>>>>>>>>its employees acted improperly during a fierce competition with
>>>>>>>>>>>>>LOCKHEED MARTIN CORP. for a $2 billion rocket deal. But Boeing
>>>>>>>>>>>>>Chairman and Chief Executive Phil Condit said the company had
>>>>>>>>>>>>>taken appropriate action after it learned of the errors and
>>>>>>>>>>>>>would not tolerate unethical behavior. The Project on
>>>>>>>>>>>>>Government Oversight, which also signed the letter, rejected
>>>>>>>>>>>>>Condit's statement and said it had documented 36 cases of
>>>>>>>>>>>>>misconduct or alleged misconduct by Boeing workers between 1990
>>>>>>>>>>>>>and 2002, resulting in about $348 million in fines or penalties,
>>>>>>>>>>>>>restitution and settlement fees.
>>>>>>>>>>>>>(Reuters 01:00 AM ET 06/10/2003)
>>>>>>>>>>>>>
>>>>>>>>>>>>>More:
>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=826352&m=100623ee669ba00019949a&s=rb030610
>>>>>>>>>>>>>
>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>On Thu, 29 May 2003 13:11:07 GMT, Larry Dighera >
>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>U.S. senators will hold a hearing in early June on a $16 billion
>>>>>>>>>>>>>>plan for BOEING CO. to lease 100 modified 767 jets to the Air
>>>>>>>>>>>>>>Force, but congressional aides and defense experts did not
>>>>>>>>>>>>>>expect the deal to run into last-minute problems on Capitol
>>>>>>>>>>>>>>Hill. Despite the Bush administration's approval of the lease,
>>>>>>>>>>>>>>defense experts said they did not expect it to be the harbinger
>>>>>>>>>>>>>>of a new Pentagon preference for leasing military equipment.
>>>>>>>>>>>>>>"It's going to sail through Congress," said Loren Thompson,
>>>>>>>>>>>>>>head of the Virginia-based Lexington Institute. "I don't see it
>>>>>>>>>>>>>>being held up. The Air Force wants it, the administration wants
>>>>>>>>>>>>>>it and some very key people in both houses of Congress want it."
>>>>>>>>>>>>>>(Reuters 05:19 PM ET 05/27/2003)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=821255&m=100623ed5390700020741a&s=rb030527
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>On Sun, 25 May 2003 09:49:28 GMT, Larry Dighera >
>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>The White House budget office said that scant headway had been
>>>>>>>>>>>>>>>made as far as it was concerned toward a proposed
>>>>>>>>>>>>>>>multibillion-dollar Air Force tanker-lease deal with BOEING CO.
>>>>>>>>>>>>>>> despite a string of high-level meetings. "OMB (Office of
>>>>>>>>>>>>>>>Management and Budget) doesn't see a lot of progress since last
>>>>>>>>>>>>>>>week," said spokesman Trent Duffy. Deputy Defense Secretary Paul
>>>>>>>>>>>>>>>Wolfowitz discussed a revised proposal Tuesday night with both
>>>>>>>>>>>>>>>the Pentagon's chief weapons buyer, Edward Aldridge, and Air
>>>>>>>>>>>>>>>Force secretary James Roche. Wolfowitz is "taking the proposed
>>>>>>>>>>>>>>>tanker lease under advisement," Cheryl Irwin, a Pentagon
>>>>>>>>>>>>>>>spokeswoman, said. She said she did not know how long a
>>>>>>>>>>>>>>>decision might take. The deal has been under discussion since
>>>>>>>>>>>>>>>early last year.
>>>>>>>>>>>>>>>(Reuters 06:53 PM ET 05/21/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=819511&m=100623ecd509705020500a&s=rb030521
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Top Pentagon officials late on Tuesday began reviewing the Air
>>>>>>>>>>>>>>>Force's plans to lease 100 BOEING CO. 767s as refueling tankers
>>>>>>>>>>>>>>>after the company further lowered its price, sources familiar
>>>>>>>>>>>>>>>with the agreement said. After nonstop negotiations, Boeing had
>>>>>>>>>>>>>>>agreed to lower the price for each of the modified 767-200ER
>>>>>>>>>>>>>>>planes below the figure of $136 million reported last week. The
>>>>>>>>>>>>>>>price of the overall lease deal -- which critics have blasted as
>>>>>>>>>>>>>>>corporate welfare for a company hard hit by a slump in
>>>>>>>>>>>>>>>commercial sales -- was now below $17 billion, including the
>>>>>>>>>>>>>>>terms of the 6-year lease and an Air Force purchase at the end
>>>>>>>>>>>>>>>of the lease, the sources said. The initial deal called for the
>>>>>>>>>>>>>>>Air Force to pay $17 billion for the lease, and $4 billion for
>>>>>>>>>>>>>>>purchase at the end.
>>>>>>>>>>>>>>>(Reuters 05:35 PM ET 05/20/2003)
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=818535&m=100623ecbfeb800020506a&s=rb030520
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>On Tue, 13 May 2003 02:14:28 GMT, Larry Dighera >
>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>BOEING CO. has agreed to reduce by 6% the price of a multibillion
>>>>>>>>>>>>>>>>deal to lease 100 767 aircraft to the Air Force as refueling
>>>>>>>>>>>>>>>>tankers, defense officials said. The officials, who asked not
>>>>>>>>>>>>>>>>to be named, said Boeing officials had agreed to trim the price
>>>>>>>>>>>>>>>>of each 767-ER200 aircraft by $9 million to about $141 million
>>>>>>>>>>>>>>>>each. The officials said a decision on the deal -- which has
>>>>>>>>>>>>>>>>been in the works for over 18 months -- could come soon. But
>>>>>>>>>>>>>>>>they said defense officials were at pains to review the
>>>>>>>>>>>>>>>>agreement very carefully, since it marked the first time the
>>>>>>>>>>>>>>>>U.S. military would lease -- rather than buy -- such a large
>>>>>>>>>>>>>>>>number of aircraft. The lease had been expected to cost $17
>>>>>>>>>>>>>>>>billion over 6 years, with the Air Force to pay an additional
>>>>>>>>>>>>>>>>$4 billion to buy the planes at the end of the term.
>>>>>>>>>>>>>>>>(Reuters 02:01 PM ET 05/12/2003)
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=814441&m=100623ec0230405020467a&s=rb030512
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>On Fri, 09 May 2003 01:13:04 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>The Defense Department still has issues to resolve before
>>>>>>>>>>>>>>>>>endorsing a multibillion dollar U.S. Air Force proposal to
>>>>>>>>>>>>>>>>>lease 100 BOEING CO. 767s as refueling tankers, the prime
>>>>>>>>>>>>>>>>>congressional mover behind the plan said Wednesday. "I'm
>>>>>>>>>>>>>>>>>talking to all parties, trying to move this thing forward --
>>>>>>>>>>>>>>>>>and we're still not quite there yet," said Rep. Norm Dicks, the
>>>>>>>>>>>>>>>>>Washington Democrat who spearheaded the law authorizing the
>>>>>>>>>>>>>>>>>unusual leasing arrangement. The Air Force and Boeing have been
>>>>>>>>>>>>>>>>>working on the proposed lease for more than a year. Their
>>>>>>>>>>>>>>>>>tentative deal involved a $17 billion lease over 6 years, with
>>>>>>>>>>>>>>>>>an option to purchase the aircraft for another $4 billion at
>>>>>>>>>>>>>>>>>the end of the lease. By some accounts, the Defense Department
>>>>>>>>>>>>>>>>>had been expected to sign off any day now following a fresh
>>>>>>>>>>>>>>>>>round of meetings on Friday and over the weekend that
>>>>>>>>>>>>>>>>>reportedly lowered the cost to the Air Force.
>>>>>>>>>>>>>>>>>(Reuters 05:39 PM ET 05/07/2003)
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=812751&m=100623ebadba400020462a&s=rb030507
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>On Wed, 07 May 2003 17:40:54 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Pentagon lawyers are taking a final look at a proposed
>>>>>>>>>>>>>>>>>>multibillion Air Force lease of 100 BOEING CO. 767 jets as
>>>>>>>>>>>>>>>>>>refueling tankers and the deal could be approved later Tuesday,
>>>>>>>>>>>>>>>>>>defense officials said. But sources familiar with the
>>>>>>>>>>>>>>>>>>negotiations warned the deal -- which critics blast as a
>>>>>>>>>>>>>>>>>>corporate handout to Boeing -- has been in the works for more
>>>>>>>>>>>>>>>>>>than 18 months and last-minute issues have delayed its approval
>>>>>>>>>>>>>>>>>>more than once. Negotiators from Chicago-based Boeing, the Air
>>>>>>>>>>>>>>>>>>Force and the Office of the Secretary of Defense succeeded over
>>>>>>>>>>>>>>>>>>the weekend in narrowing the differences between the cost of the
>>>>>>>>>>>>>>>>>>deal as estimated by the Air Force and the independent Institute
>>>>>>>>>>>>>>>>>>for Defense Analyses, the officials said. Under the terms of the
>>>>>>>>>>>>>>>>>>original deal, the Air Force would spend $17 billion to lease
>>>>>>>>>>>>>>>>>>the 100 planes for 6 years, paying an additional $4 billion to
>>>>>>>>>>>>>>>>>>buy them at the end of the term.
>>>>>>>>>>>>>>>>>>(Reuters 12:04 PM ET 05/06/2003)
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=811876&m=100623eb8389405020339a&s=rb030506
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>On Sat, 03 May 2003 04:38:27 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>BOEING CO. said its plan to lease 100 767 commercial jets to the
>>>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers could generate as much as
>>>>>>>>>>>>>>>>>>>$2.8 billion in support revenues over the projected life of the
>>>>>>>>>>>>>>>>>>>proposed $17 billion lease. John Sams, the Boeing official who
>>>>>>>>>>>>>>>>>>>negotiated the deal with the air force, said each aircraft was
>>>>>>>>>>>>>>>>>>>projected to spin off $4.8 million a year during the projected
>>>>>>>>>>>>>>>>>>>6-year lease, assuming 750 hours of flying time. This figure
>>>>>>>>>>>>>>>>>>>would include all spare parts, training and simulators, the
>>>>>>>>>>>>>>>>>>>company said, and total $28.8 million per tanker over the 6
>>>>>>>>>>>>>>>>>>>years. If the leases were extended, Boeing's take would rise
>>>>>>>>>>>>>>>>>>>correspondingly. Under a tentative deal awaiting U.S. Defense
>>>>>>>>>>>>>>>>>>>Department's approval, the air force would have an option to
>>>>>>>>>>>>>>>>>>>buy the modified 767s at the end of the lease for a combined $4
>>>>>>>>>>>>>>>>>>>billion.
>>>>>>>>>>>>>>>>>>>(Reuters 11:46 PM ET 05/01/2003)
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=810526&m=100623eb2f6d100020347a&s=rb030501
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>On Wed, 23 Apr 2003 00:39:24 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>Top Pentagon and White House officials on May 2 will revisit a
>>>>>>>>>>>>>>>>>>>>controversial $17 billion plan for the Air Force to lease 100
>>>>>>>>>>>>>>>>>>>>BOEING CO. 767 jets as refueling tankers, sources familiar with
>>>>>>>>>>>>>>>>>>>>the matter said on Monday. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>>>>been pressing for months to win approval for the unique leasing
>>>>>>>>>>>>>>>>>>>>arrangement that would also give the Air Force the option to buy
>>>>>>>>>>>>>>>>>>>>the jets for $4 billion at the end of the lease. The deal is
>>>>>>>>>>>>>>>>>>>>complicated because the government generally buys rather than
>>>>>>>>>>>>>>>>>>>>leases equipment like tankers. It has also sparked criticism
>>>>>>>>>>>>>>>>>>>>from some lawmakers, the Office of Management and Budget and
>>>>>>>>>>>>>>>>>>>>independent watchdog agencies.
>>>>>>>>>>>>>>>>>>>>(Reuters 05:34 PM ET 04/21/2003)
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=804071&m=100623ea5c37300020129a&s=rb030421
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>On Mon, 14 Apr 2003 18:24:19 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>BOEING CO.'s $17 billion plan to lease 100 of its 767 jets to the
>>>>>>>>>>>>>>>>>>>>>U.S. Air Force as refueling tankers faces delay after U.S.
>>>>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld sought information on
>>>>>>>>>>>>>>>>>>>>>purchasing some of the planes, sources familiar with the matter
>>>>>>>>>>>>>>>>>>>>>said. Also being informally examined is how the price per plane
>>>>>>>>>>>>>>>>>>>>>could drop if another 80 to 100 of the tankers were to be
>>>>>>>>>>>>>>>>>>>>>ordered, the sources said. Boeing and Air Force officials have
>>>>>>>>>>>>>>>>>>>>>been hoping for months to get final clearance to proceed with
>>>>>>>>>>>>>>>>>>>>>the unique leasing arrangement that would also give the Air
>>>>>>>>>>>>>>>>>>>>>Force the option to buy the jets for $4 billion at the end of
>>>>>>>>>>>>>>>>>>>>>the lease. Pentagon spokesman Glenn Flood dismissed any talk of
>>>>>>>>>>>>>>>>>>>>>more than 100 aircraft. "The only plan is for 100. Any increase
>>>>>>>>>>>>>>>>>>>>>above 100 would have to be approved by Congress and the White
>>>>>>>>>>>>>>>>>>>>>House," he said.
>>>>>>>>>>>>>>>>>>>>>(Reuters 05:06 PM ET 04/10/2003)
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=800125&m=100623e95f0d500020018a&s=rb030410
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>On Tue, 11 Mar 2003 01:13:00 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>wrote:
>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>Defense Secretary Donald Rumsfeld is to review a $21 billion Air
>>>>>>>>>>>>>>>>>>>>>>Force plan to lease modified 767 BOEING CO. tankers that has
>>>>>>>>>>>>>>>>>>>>>>come under fire for its cost and financing, according to
>>>>>>>>>>>>>>>>>>>>>>sources familiar with the deal. Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>>>"Pete" Aldridge and Pentagon Comptroller Dov Zakheim, who make
>>>>>>>>>>>>>>>>>>>>>>up a panel that reviews leasing arrangements like the proposed
>>>>>>>>>>>>>>>>>>>>>>Boeing deal, are due to brief Rumsfeld. He was not expected to
>>>>>>>>>>>>>>>>>>>>>>approve or reject the deal at Monday's meeting, although
>>>>>>>>>>>>>>>>>>>>>>sources close to the negotiations said they expected him to
>>>>>>>>>>>>>>>>>>>>>>make a decision soon. Under the plan, the Air Force would pay
>>>>>>>>>>>>>>>>>>>>>>$17 billion to lease 100 planes to start replacing the
>>>>>>>>>>>>>>>>>>>>>>service's fleet of 40-year-old KC-135 tankers. Financial
>>>>>>>>>>>>>>>>>>>>>>service companies would set up a "special purpose entity" to
>>>>>>>>>>>>>>>>>>>>>>float bonds to buy the tankers from Boeing, and lease them to
>>>>>>>>>>>>>>>>>>>>>>the military.
>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:33 PM ET 03/07/2003)
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=785453&m=100623e6d218e00019242a&s=rb030307
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>On Thu, 13 Feb 2003 19:14:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. expects a U.S. decision in the next 2 weeks on a
>>>>>>>>>>>>>>>>>>>>>>>$17-billion tanker lease contract, a senior company official
>>>>>>>>>>>>>>>>>>>>>>>said, adding that sales to the UK and others were also under
>>>>>>>>>>>>>>>>>>>>>>>discussion. The world's largest aircraft maker aims to supply
>>>>>>>>>>>>>>>>>>>>>>>100 tanker versions of its 767 commercial airliner to replace
>>>>>>>>>>>>>>>>>>>>>>>the U.S. Air Force's ageing fleet of KC-135 tankers. "I'm
>>>>>>>>>>>>>>>>>>>>>>>certain we'll have closure on it in the next two weeks," George
>>>>>>>>>>>>>>>>>>>>>>>Muellner, Boeing senior VP for Air Force systems, told defense
>>>>>>>>>>>>>>>>>>>>>>>reporters in London. "We've had dialogue with three or four
>>>>>>>>>>>>>>>>>>>>>>>other countries, other than Italy and Japan," Muellner said.
>>>>>>>>>>>>>>>>>>>>>>>Muellner said Japan had signed a deal this month and Australia
>>>>>>>>>>>>>>>>>>>>>>>was interested. Italy signed a deal for four 767-based tankers
>>>>>>>>>>>>>>>>>>>>>>>last month.
>>>>>>>>>>>>>>>>>>>>>>>(Reuters 01:55 PM ET 01/29/2003)
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=768027&m=100623e38651205019134a&s=rb030129
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>On Mon, 10 Feb 2003 03:57:25 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>Top Pentagon officials aim to decide next week whether to allow
>>>>>>>>>>>>>>>>>>>>>>>>the Air Force to lease 100 modified 767 BOEING CO. tankers to
>>>>>>>>>>>>>>>>>>>>>>>>replace its ageing fleet, Defense Undersecretary Edward
>>>>>>>>>>>>>>>>>>>>>>>>Aldridge said. "It's hard ... It's a major investment,"
>>>>>>>>>>>>>>>>>>>>>>>>Aldridge said of the controversial $17 billion deal, which
>>>>>>>>>>>>>>>>>>>>>>>>would give the Air Force up to 12 new tankers in 2006 and all
>>>>>>>>>>>>>>>>>>>>>>>>100 by 2011. For an additional $4 billion the Air Force would
>>>>>>>>>>>>>>>>>>>>>>>>be able to purchase the jets outright at the end of the lease,
>>>>>>>>>>>>>>>>>>>>>>>>sources familiar with the deal have said. Aldridge, the
>>>>>>>>>>>>>>>>>>>>>>>>Pentagon's chief weapons buyer, favors innovative and flexible
>>>>>>>>>>>>>>>>>>>>>>>>approaches to defense procurement, and his office has
>>>>>>>>>>>>>>>>>>>>>>>>championed streamlined acquisitions rules aimed at getting
>>>>>>>>>>>>>>>>>>>>>>>>weapons to the services more quickly.
>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:42 PM ET 02/07/2003)
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=773192&m=100623e4445ab00018999a&s=rb030207
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 15 Jan 2003 01:12:47 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>The U.S. Air Force hopes to win approval in Q1 2003 for a
>>>>>>>>>>>>>>>>>>>>>>>>>controversial contract to lease 100 767 commercial jets from
>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., sources familiar with the discussions said on
>>>>>>>>>>>>>>>>>>>>>>>>>Monday. The $17 billion lease contract - aimed at replacing the
>>>>>>>>>>>>>>>>>>>>>>>>>Air Force's aging fleet of KC-135 tankers -- has been in the
>>>>>>>>>>>>>>>>>>>>>>>>>works for over a year and still requires approval by top
>>>>>>>>>>>>>>>>>>>>>>>>>Pentagon officials and U.S. lawmakers, who raised questions
>>>>>>>>>>>>>>>>>>>>>>>>>last year about the costs of an earlier version of the
>>>>>>>>>>>>>>>>>>>>>>>>>contract. The deal now under discussion would give the Air
>>>>>>>>>>>>>>>>>>>>>>>>>Force 11 to 12 new tankers in 2006, with all 100 to be
>>>>>>>>>>>>>>>>>>>>>>>>>delivered by 2011. For an additional $4 billion, the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>will be able to purchase the jets outright at the end of the
>>>>>>>>>>>>>>>>>>>>>>>>>lease, according to sources familiar with the deal.
>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 06:22 PM ET 01/13/2003)
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=759904&m=100623e249f1a03352909a&s=rb030113
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>----------
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>On Sun, 17 Nov 2002 00:43:37 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said it no longer expected to wrap up as early as next
>>>>>>>>>>>>>>>>>>>>>>>>>>month a proposed deal, valued at as much as $18 billion, to
>>>>>>>>>>>>>>>>>>>>>>>>>>lease 100 aerial refueling tankers to the U.S. Air Force.
>>>>>>>>>>>>>>>>>>>>>>>>>>Instead, it may take until early next year to reach agreement
>>>>>>>>>>>>>>>>>>>>>>>>>>with the Air Force, partly because of a new Congress taking
>>>>>>>>>>>>>>>>>>>>>>>>>>office in January, said Jim Albaugh, president and chief
>>>>>>>>>>>>>>>>>>>>>>>>>>executive of Boeing's Integrated Defense Systems unit. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>>in final negotiations with the customer," he told reporters at
>>>>>>>>>>>>>>>>>>>>>>>>>>a briefing on the company's scheduled first launch of its Delta
>>>>>>>>>>>>>>>>>>>>>>>>>>4 rocket.
>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 12:52 PM ET 11/14/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=737786&m=100623dd4331c03353370a&s=rb021114
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>On Sun, 10 Nov 2002 12:08:17 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO. said its proposal to lease 100 aerial refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>tankers would cost the U.S. Air Force about $17 billion, some
>>>>>>>>>>>>>>>>>>>>>>>>>>>$10 billion less than previously estimated, with an option to
>>>>>>>>>>>>>>>>>>>>>>>>>>>purchase the aircraft for another $4 billion. The current
>>>>>>>>>>>>>>>>>>>>>>>>>>>estimate must still be scrutinized by the Pentagon's Cost
>>>>>>>>>>>>>>>>>>>>>>>>>>>Analysis Improvement Group, but if accurate, it could ease
>>>>>>>>>>>>>>>>>>>>>>>>>>>concern in Congress and at the White House over the initial
>>>>>>>>>>>>>>>>>>>>>>>>>>>price tag of $26 billion to $28 billion. "It will turn out to
>>>>>>>>>>>>>>>>>>>>>>>>>>>be more like the $17 to $18 billion we are talking about,"
>>>>>>>>>>>>>>>>>>>>>>>>>>>Boeing's VP for airlift and tanker programs Howard Chambers
>>>>>>>>>>>>>>>>>>>>>>>>>>>told Reuters by telephone. "Over the last six months we have
>>>>>>>>>>>>>>>>>>>>>>>>>>>gotten more clarity."
>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:08 PM ET 11/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=734536&m=100623dcaf9b400015721a&s=rb021107
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 06 Nov 2002 15:26:33 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>BOEING CO., still negotiating with the U.S. government, hopes to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>close a key deal to lease modified 767 jetliners as refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>>tankers to the U.S. Air Force by year-end, a spokesman said.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>The price under discussion is now $17 billion for 100 refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>>tankers, down from the originally estimated $26 billion that
>>>>>>>>>>>>>>>>>>>>>>>>>>>>failed to win approval in Washington, The Wall Street Journal
>>>>>>>>>>>>>>>>>>>>>>>>>>>>reported. Boeing, the second largest U.S. military contractor,
>>>>>>>>>>>>>>>>>>>>>>>>>>>>had hoped to close the deal long ago but has been thwarted by
>>>>>>>>>>>>>>>>>>>>>>>>>>>>concerns over price and the value of buying versus leasing. At
>>>>>>>>>>>>>>>>>>>>>>>>>>>>one point, rival airplane manufacturer Airbus of Europe was
>>>>>>>>>>>>>>>>>>>>>>>>>>>>also trying to win the deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 11:42 AM ET 11/05/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=732763&m=100623dc8558500015335a&s=rb021105
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>On Wed, 04 Sep 2002 01:41:34 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>GENERAL DYNAMICS CORP. said the U.S. Navy had given it and BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>CO. 30 days to pay $2.3 billion to settle an 11-year legal
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>battle over the Pentagon's abrupt cancellation of the Navy's
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>A-12 fighter jet. "General Dynamics regards this demand as an
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>unseemly negotiating tactic, and an apparent effort to gain
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>advantage during settlement talks," the company said, noting
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>that it would seek an injunction in federal court if the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>settlement talks failed to reach a result before the 30-day
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>deadline. General Dynamics, Boeing and the Navy were in intense
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>discussions this summer to settle the matter, with one proposal
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>calling for the companies to provide goods and services to the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Navy valued at more than $2.5 billion, including discounts on
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>F-18E/F fighter jets it plans to buy in the future.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 03:19 PM ET 09/03/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=699624&m=100623d75386100022944a&s=rb020903
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>================================================== ==============
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 08 Aug 2002 14:39:41 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Larry Dighera) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Officials at the U.S. Air Force and aircraft manufacturer BOEING
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>CO. said on Tuesday they were still hammering out an agreement
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>to lease 100 commercial Boeing 767s and convert them to aerial
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>refueling tankers, despite new White House criticism of the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>proposed deal. White House Budget Director Mitchell Daniels
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>said in a recent letter he would not support any proposal that
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>cost taxpayers more than an outright purchase. "The Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>and Boeing are still in negotiations," said Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>spokeswoman Capt. Jessica Smith, noting the current fleet of
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>545 KC-135 tankers had an average age of 41 years. "We're
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>working to find the best deal for the taxpayers."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>(Reuters 05:53 PM ET 08/06/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=687814&m=100623d51a0e803362003a&s=rb020806
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>On Thu, 18 Jul 2002 17:19:32 GMT, "W. D. Allen"
> (W. D. Allen) wrote in Message ID
>:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>More like an Air Farce, not a Boeing, boondoggle! Can't sell something to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>customer when they do not want it!! Get it right or forget it!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>WDA
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>end
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>"Larry Dighera" > wrote in message
...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> BOEING CO. CFO Mike Sears said the aerospace company expects to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a deal to lease air refueling tankers to the U.S. Air
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Force by the end of summer. Congress authorized the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> in December to negotiate a leasing deal with Boeing for 100
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> converted 767s to replace some aging KC-135 tankers. White
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> House and congressional budget experts had said it would be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> cheaper to buy new planes or refurbish the old tankers than
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> sign a 10-year lease with an estimated cost of $26 billion to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $37 billion.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Reuters 10:44 AM ET 07/17/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=674817&m=100623d35f15203361594a&s=rb020717
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> On Fri, 17 May 2002 03:34:14 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> (Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Boeing Co (BA) (45.00 +0.45)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Replacing the oldest U.S. refueling aircraft remains an Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >priority, the service's secretary and chief of staff told
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >Congress Wednesday amid controversy over a proposed lease of
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >commercial aircraft from BOEING CO. The Air Force said concern
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >about the 43-year-old KC-135Es in its fleet had been heightened
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >by the increased pace of aerial refueling after the Sept. 11
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >attacks. Air Force Secretary James Roche rejected suggestions
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >that the Air Force could get by with its current refueling
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >fleet for 15 years or more. Replacement needs to start as soon
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >as possible, the Air Force said in a separate letter replying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >to criticism of the proposed lease deal.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Reuters 04:34 PM ET 05/15/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=643872&m=100623ce4361f03360177a&s=rb020515
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >On Tue, 14 May 2002 00:55:42 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>----------------------------------------------------------------
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>Boeing Co (BA) (44.28 +0.65)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>The Senate Armed Services Committee moved on Friday to boost
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>congressional oversight of a possible $26 billion Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to lease BOEING CO. wide-body jets and turn them into
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>refueling tankers. Sen. John McCain said he was clearing the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>way for public hearings on what he has described as a potential
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>taxpayer "rip-off." A measure adopted by the panel would force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>the secretary of the Air Force to get specific funding for any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>lease of Boeing 767 tankers -- a process that could delay any
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>deal to the next budget cycle if enacted into law.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Reuters 05:15 PM ET 05/10/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=641505&m=100623ce0406e03359831a&s=rb02051
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>0
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>On Thu, 09 May 2002 15:59:30 GMT, Larry Dighera >
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>(Larry Dighera) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Boeing Co (BA) (44.41 +1.27)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Plans for the U.S. Air Force to lease BOEING CO. 767 commercial
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>aircraft as aerial refueling tankers is an expensive solution
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>that could actually cut overall fuel capacity, according to a
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>White House analysis obtained on Tuesday. Office of Management
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>and Budget Director Mitch Daniels said leasing the 100 767s to
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>start replacing a 40-year-old fleet of KC-135 tankers would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>cost up to $26 billion and result in a slightly smaller overall
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>fuel capacity. A $3.2 billion upgrade of 126 KC-135s would
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>increase fleet capacity by a similar amount but the Air Force
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>had not chosen this route, Daniels said in a letter to leasing
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>critic, Arizona Republican Sen. John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>(Reuters 07:52 PM ET 05/07/2002)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>More:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>http://q1.schwab.com/s/r?l=248&a=639337&m=100623cd9a90f00020925a&s=rb0205
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>07
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>On 18 Apr 2002 22:00:27 -0700, (Blain Shinno) (Blain
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>Shinno) wrote in Message ID
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> Boeing expects to begin delivering aerial refueling tankers
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> based on its 767 wide-body jetliner, including some for Italian
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> and Japanese forces, by late 2004, with some 100 tankers for the
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>> U.S. Air Force rolling off the line beginning in 2005.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>I wonder how many tankers will be delivered each year. Seems a little
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>long to wait for leased tankers. I wonder when all of them will be
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>delivered? For $26 billion the USAF better have the option of buying
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>the tankers for $1 at the end of the lease. And how does the lease
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>impact the future buy of tankers? When will 767 derivatives start
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>rolling off the line? Following the delivery of leased tankers, or
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>after? How is that going to impact the budget?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

--

Irrational beliefs ultimately lead to irrational acts.
-- Larry Dighera,