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More good news from Boeing
"The Boeing Company is running more than a year behind schedule and
billions of dollars over cost on a highly classified program to build the next generation of reconnaissance satellites, forcing the government to shift an estimated $4 billion from other spy programs, senior government officials said on Wednesday. The Boeing project was initially set at about $6 billion, but the National Reconnaissance Office had to add substantially to that figure to address what auditors have described as large problems with the program, the officials said. Even so, the officials said, the reconnaissance office has had to scale back its expectations for the satellites' initial performance to well below what Boeing had promised." http://www.globalsecurity.org/org/ne...g-spy-sats.htm "WASHINGTON (Reuters) - Pentagon adviser Richard Perle came under fire on Friday for failing to disclose financial ties to Boeing Co. (NYSE:BA - News), even while championing its bid for a controversial $20 billion-plus defense contract. Perle co-wrote a guest column in The Wall Street Journal newspaper this summer praising the plan to lease then buy 100 modified refueling planes, a year after Boeing committed to invest up to $20 million in Trireme Partners, a New York venture capital fund in which Perle is a principal. "If ever there were an argument that traditional business practices are ill-suited for defense 'transformation', the saga of the tanker-leasing proposal would count as People's Exhibit A," Perle and a colleague wrote in the Journal on Aug. 14. "It stinks to high heaven," said Keith Ashdown of Taxpayers for Common Sense, a Washington-based federal budget watchdog group, of Perle's failure to disclose his ties to Boeing in the Wall Street Journal piece. "Mr. Perle's entitled to his own views on the tanker deal," said Peter Flaherty, president of the National Legal and Policy Center, a government and corporate accountability watchdog. "We just think that the public's entitled to know that he has a relationship with Boeing when he's expressing his views."" http://biz.yahoo.com/rb/031205/arms_..._boeing_1.html |
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