U.S. Air Force award of four rocket launches this year is likely to be delayed

Boeing Co (BA) (35.68 +0.74)

BOEING CO., banned last month from launching government
satellites for illegally acquiring a competitor's documents,
will try to convince the U.S. Air Force next week that the
company's ethics policies and training will prevent future
breaches. The company said on Thursday it will seek to persuade
the U.S. Air Force to reinstate three business units as
government contractors in a formal response next Monday. "We're
going to demonstrate to the Air Force that Boeing is a presently
responsible contractor, and that we've got appropriate ethics
policies, procedures and training in place to prevent something
like this from happening again," said Boeing spokesman Dan Beck.
(Reuters 06:52 PM ET 08/21/2003)

Mo
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On Thu, 07 Aug 2003 23:30:48 GMT, Larry Dighera
wrote in Message-Id: :


BOEING CO. said it has postponed the launch of a Delta IV rocket
lifting a defense satellite into space from Cape Canaveral,
Fla., due to a technical problem with an antenna and no new
launch date has been set. Tuesday was the last day under which
Boeing could launch the satellite -- a Defense Satellite
Communications System spacecraft, DSCS III B6 -- under the Air
Force's Evolved Expendable Launch Vehicle program, said Boeing
spokesman Robert Villanueva. The award was part of the original
group of launches awarded to Boeing under the EELV program,
which is now the subject of investigations and lawsuits. Boeing
recently announced its intentions to shift its focus on the
Delta IV completely away from dwindling commercial customers
and into the defense market.
(Reuters 04:31 PM ET 08/04/2003)

Mo
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On Fri, 25 Jul 2003 10:57:40 GMT, Larry Dighera
wrote in Message-Id: :



The U.S. Air Force announced that it would shift rocket launch
contracts valued at about $1 billion from BOEING CO. to its
rival LOCKHEED MARTIN CORP. for acquiring around 25,000
Lockheed documents during a 1998 contract. Air Force
Undersecretary Peter Teets said Boeing would lose seven
contracts it won in 1998, as well as three launches to be
awarded in the next weeks. In addition, three business units of
Boeing Integrated Defense Systems and three of its former
employees would also be suspended from future government work
until corrective action was taken, Teets told a news
conference. He said the company could be reinstated within 60
to 90 days, in time for the company to bid for 15 to 20
launches to be awarded late this year.
(Reuters 04:55 PM ET 07/24/2003)

Mo
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On Fri, 25 Jul 2003 10:53:58 GMT, Larry Dighera
wrote in Message-Id: :


The U.S. Air Force will recommend that BOEING CO. lose six
Pentagon contracts worth several hundred million dollars for
acquiring a competitor's documents as the two battled for a $2
billion rocket deal in the 1990s, defense officials said.
Boeing would stand to lose more future contracts under the
proposed sanctions Air Force Undersecretary Peter Teets will
present later to Defense Secretary Donald Rumsfeld, who is
expected to make a final decision this week, said the
officials, who asked not to be named. Rumsfeld could also
decide to suspend or bar Chicago-based Boeing's rocket unit
from new contracts for up to a year. A federal grand jury has
indicted two former Boeing engineers on charges of conspiracy
for obtaining thousands of pages of proprietary documents from
rival LOCKHEED MARTIN CORP. papers during a 1998 competition in
which Boeing's Delta IV rocket beat out Lockheed's Atlas V.
(Reuters 01:39 PM ET 07/23/2003)

Mo
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On Fri, 25 Jul 2003 10:45:29 GMT, Larry Dighera
wrote in Message-Id: :


BOEING CO. on Monday warned that excessive sanctions for its
alleged misuse of a competitor's documents could force it to
completely scrap its Delta IV rocket, jeopardizing the
government's goal of having at least two companies launching
military satellites. Boeing last week pulled the Delta IV out
of the money-losing commercial satellite market, leaving only
the government market to keep the program in the black. On
Monday, the company's space and defense boss, Jim Albaugh, told
a small group of reporters Boeing could pull out of the Delta IV
program entirely if it fails to turn a profit. "I don't know
what remedies they are going to take," Albaugh told a small
group of reporters. "There is a real probability that we could
lose some launches."
(Reuters 06:34 PM ET 07/21/2003)

Mo
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On Mon, 21 Jul 2003 21:37:09 GMT, Larry Dighera
wrote in Message-Id: :



Two former BOEING CO. engineers have been indicted by a grand
jury on charges of conspiracy in connection with allegations
that Boeing used documents from rival LOCKHEED MARTIN CORP. to
win a $1.88 billion U.S. Air Force contract. The U.S.
Attorney's office said the two men, named as Kenneth Branch and
William Erskine, were indicted by a federal grand jury in Los
Angeles late on Thursday. Both men are charged with one count
of conspiracy to conceal and possess trade secrets and are
expected to be arraigned early next month. The charges arise
from an alleged conspiracy to steal secrets from Lockheed
Martin in 1997 and 1998 during the bidding for the
multi-billion dollar Evolved Expendable Launch Vehicle program.
Boeing has said the managers in question acted alone and have
since been fired.
(Reuters 02:05 PM ET 07/18/2003)

Mo
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On Fri, 18 Jul 2003 20:54:25 GMT, Larry Dighera
wrote in Message-Id: :



BOEING CO., under fire over allegations it wrongly used a rival's
documents to win a government rocket deal, is holding talks with
the Air Force that could see it lose some contracts, The Wall
Street Journal reported. Boeing is the subject of probes by
both the U.S. Air Force and the Justice Department over whether
it used papers from LOCKHEED MARTIN to win a contract worth
billions of dollars. The Justice Department last month charged
two former Boeing managers with conspiring to steal secrets
from Lockheed. Boeing has denied a broader role in the matter.
If investigators conclude that Boeing itself was involved in
stealing secrets, it could be banned from space-related
contracts for a limited time, defense officials have told
Reuters. High-level talks between Boeing and the Air Force,
which personally involve Air Force Secretary James Roche, are
ongoing, The Wall Street Journal said. Additionally, Boeing
said former Senator Warren B. Rudman will head an independent
review of the company's handling of competitive information to
see whether it acted improperly in winning a government
contract.
(Reuters 04:36 AM ET 07/17/2003)

Mo
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On Fri, 27 Jun 2003 04:40:33 GMT, Larry Dighera
wrote in Message-Id: :


Federal prosecutors have charged two former BOEING CO. officials
with conspiracy in connection with allegations that Boeing used
documents from rival LOCKHEED MARTIN CORP. to win a $1.88
billion rocket contract, The Wall Street Journal reported. The
engineers, who were fired by Boeing in 1999 in connection with
the incident, were charged with conspiracy, stealing trade
secrets and other violations, the newspaper reported. The
complaints, filed in the Los Angeles U.S. district court,
suggest a federal probe of the issue has sped up significantly
and could point to more senior Boeing officials, unnamed
sources cited by The Journal said.
(Reuters 02:05 AM ET 06/26/2003)

Mo
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On Thu, 26 Jun 2003 01:13:51 GMT, Larry Dighera
wrote in Message-Id: :



BOEING CO.'s chief executive said the company was conducting an
internal probe to determine whether a scandal that prompted it
to run full-page newspaper ads this month went deeper. "Two
(Boeing) people were directly implicated, there's a question
right now: Did that go any further?," Phil Condit told
reporters at a lunch meeting, adding an internal probe was
under way. The U.S. Justice Department is investigating whether
Boeing Co employees used documents from rival Lockheed Martin
Corp. in a bid to win a $1.88 billion rocket launcher contract.
Boeing in May said it fired two employees and disciplined a
third in 1999 in connection with the incident and this month
took out full-page newspaper advertisements in top U.S.
newspapers to explain its position.
(Reuters 11:33 AM ET 06/25/2003)

Mo
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On Wed, 18 Jun 2003 20:19:02 GMT, Larry Dighera
wrote in Message-Id: :


A U.S. Air Force award of four rocket launches this year is
likely to be delayed as a result of the government's
investigation into BOEING's alleged misuse of a competitor's
proprietary documents during bidding, a top company executive
said. In an interview at the Paris Air Show, Jim Albaugh, chief
executive of Boeing's Integrated Defense Systems business, said
he was unsure just how long the contract award would be
delayed. The Evolved Expendable Launch Vehicle programme
launches spy and communications satellites for the U.S.
military. The government has been looking into how Boeing
handled the alleged misuse of propietary Lockheed Martin Corp.
documents by two former Boeing employees. Lockheed has also
sued Boeing in an unusually public display of animosity.
(Reuters 09:42 AM ET 06/17/2003)

Mo
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--space

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

--

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