Boeing and Industry Partners prove quiet technologies for commercial jets

A three-week flight-test program recently completed by The Boeing Company [NYSE: BA] and its industry partners has confirmed the effectiveness of several significant airplane noise-reduction technologies that will enable airplanes to be even quieter than they are today. Known as the Quiet Technology Demonstrator 2 (QTD2), the research and development program is a cooperative commercial aircraft industry project among The Boeing Company, the General Electric Company, Goodrich Corporation and NASA. ANA (All Nippon Airways) of Japan provided one of its new 777 airplanes for the flight-test activities. The flight-test program provided the opportunity for each company to validate key technologies Read more

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IAE launches ExecSelectSM

IAE International Aero Engines launched ExecSelectSM, a support program for Airbus corporate applications of the V2500 engine. ExecSelectSM is a combined engine upgrade and aftermarket support program which provides the customer with reduced and predictable operating costs, improved fuel burn and offers time-on-wing improvements. Under this program IAE will condition monitor engines and provide technical assistance when necessary and when an engine requires overhaul, IAE will provide full logistical support. The program is transferable from owner to owner.

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Embraer delivers $110 million profit

Embraer recorded in the third quarter of 2005 net sales of $1,064 million and net income of $110.2 million. At the end of the quarter, the firm order backlog totaled $10.4 billion. This quarter, the Company generated positive net cash provided by operating activities of $379 million, a reflection of lower inventory and accounts receivable levels. In addition, the Company reversed its net debt position of $228 million at the end of 2Q05 to a net cash position of $97 million at September 30, 2005.

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Boeing to lay off 250 employees

Boeing officials announced that 60-day layoff notices would be issued to approximately 250 employees at its Wichita site on November 10, 2005. This includes the reductions in the Shared Services Group (SSG) and Information Technology (IT) operations that were previously announced. Despite these layoff notices the Company expects that the overall job outlook for Boeing in Wichita will remain relatively stable due to the planned hiring of additional engineers and potential recalls meeting new business requirements throughout the year.

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