Boeing

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(Corrected spelling of Muilenburg's name.)

Boeing says Chief Executive Jim McNerney will turn over the reins to Dennis Muilenburg, who has served as the aerospace company’s president and chief operating officer since 2013. Muilenburg will take over on July 1st.

McNerney will stay on as chairman of the board and will work at the company to help with the transition until he retires at the end of February 2016, the company said in a statement. Muilenburg has been elected a member of the board.

Muilenburg is 51 and has worked for Boeing for 30 years. He joined Boeing as an engineering intern in Seattle in 1985 and centered his career in the company’s defense business. He headed Boeing’s Defense Space and Security business from 2009 until 2013.  

But the commercial airplane side of the company is where Muilenburg faces a number of decisions to make soon, said aviation analyst Scott Hamilton. 

Decisions To Make

"The more pressing issues for Dennis are going to be what to do about the 747 production rate and whether or not to even continue the program," Hamilton said. Muilenburg will also have to decide "whether or not to acknowledge what everybody else already believes is going to happen and that is a rate reduction on the 777 classic in advance of the 777X."

Doug / Flickr

Boeing says it’s exploring the idea of building a new mid-sized jet, and Washington state officials say they’re already lobbying the company to build it here. 

The company says customers have been asking for something bigger than the 757, which is a single-aisle plane that was built in Renton from 1982 to 2005. Spokespeople for Boeing say the company is evaluating “low-risk solutions.” 

Ashley Gross / KPLu

A top Boeing executive says the airline industry is enjoying record profits because of increasing demand for air travel and a decline in oil prices.

Randy Tinseth, Boeing’s vice president of marketing, sounded optimistic when he spoke with reporters in a briefing ahead of the Paris Air Show, which begins June 15th. Tinseth says air passenger traffic grew six percent last year, above the historical rate of five percent, and should grow six percent again this year.

Ashley Gross / KPLU

It’s coming down to the wire for the Export-Import Bank, the federal agency that offers financing and loan guarantees to help U.S. businesses export goods. Some Republicans want to let the bank’s charter expire at the end of this month. 

Washington state businesses are paying close attention to this fight because Boeing is the biggest beneficiary of the Export-Import Bank. Reuters recently reported that Boeing CEO Jim McNerney said the company might have to shift engineering and manufacturing jobs overseas if the bank disappears. 

Boeing

Even in this day and age, aviation is a male-dominated industry. But when Boeing delivered a new 737-900ER to United Airlines on Wednesday at King County International Airport, men were the ones in the minority – by design.

Ashley Gross / KPLU

Boeing’s first-quarter earnings climbed 38 percent on strong demand for commercial airplanes. But the stock slipped 1.4 percent, partly on concern that low oil prices could hurt sales.

Growth in air travel, especially in Asia and the Middle East, has helped boost demand for Boeing and Airbus planes in recent years. But the 40 percent drop in oil prices since last July has investors wondering whether airlines will decide not to buy the newer, more fuel-efficient aircraft. 

Bryan Corliss / District Lodge 751 of the International Association of Machinists and Aerospace Workers

Washington state is facing an “enormous budget challenge,” according to Gov. Jay Inslee, who has proposed creating a tax on capital gains and another on carbon pollution.

But wait a minute, didn’t lawmakers pass what’s been called the biggest tax break in U.S. history just a year and a half ago? What are we getting in exchange for those tax dollars we’ve chosen not to collect from the aerospace industry?

Ashley Gross / KPLU

Boeing workers facing job cuts are urging state lawmakers to require more from aerospace companies in exchange for tax breaks. The Washington legislature passed a 16-year extension of the tax incentives in 2013 to win Boeing's 777X production line.  

Kevin P. Casey / AP Photo

Speculation has climbed that Boeing might be interested in acquiring the military aircraft unit of rival Northrop Grumman, but Boeing’s chief executive told investors he’s not inclined to make big purchases. 

Boeing and Lockheed Martin have teamed up to try to win a contract from the Pentagon to build new long-range strike bombers. They’re going up against Northrop Grumman.

Ashley Gross / KPLU

Aviation analyst Richard Aboulafia says there’s a risk that Boeing’s 787 program might never be profitable. That’s because the airplane maker has accumulated $26 billion in production costs that it’s deferred into the future. 

Aboulafia says the total deferred production costs for Boeing’s Dreamliner program will probably climb to $30 billion or so.

He says what we’re seeing with those mounting costs is that employees are alienated after the company waged two contentious battles with its biggest labor unions in the past few years.

Ashley Gross / KPLU

Investors are becoming more optimistic about Boeing’s ability to generate cash even as deferred costs continue to mount for the 787 Dreamliner program. 

Boeing shares climbed more than 5 percent after the company reported fourth-quarter net income of $1.47 billion, up 19 percent from a year ago.

Ashley Gross / KPLU

Boeing appears to have topped Airbus for a third year in a row in airplane deliveries, and the company has a new record backlog of more than 5,700 planes still to build. That's eight years' worth of production at the current rate.

Ashley Gross / KPLU

Boeing has announced a deal with Kuwait Airways that could allay some concerns about its ability to sell enough of its current 777 wide-body jet. 

The Kuwaiti airline has finalized an order for ten 777-300ERs, the current version of Boeing's popular twin-engine, long-haul jet.

Ashley Gross / KPLU

The price of crude oil has dropped to its lowest level in about five years and has fallen about 40 percent this year. That’s great for people filling up their gas tanks, but perhaps not such good news for a company like Boeing that’s made fuel-efficiency of its new airplanes a big selling point.

Now the company is explaining why the drop in oil prices is not cause for concern. 

AP Photo

A report by federal accident investigators points to a manufacturing defect as the likely cause of an internal short circuit that led to a battery fire in a Boeing 787 airliner parked at Boston's airport last year.

The Boeing Company

If you’ve never stepped on a Dreamliner, this weekend may be your chance. Boeing is donating one of its early Dreamliners to Seattle’s Museum of Flight, and Saturday will be the first day the public can go inside. 

Museum spokesman Mike Bush says getting the Dreamliner is a big win.

Thomas Hawk / Flickr

Against a backdrop of Boeing labor relations that one analyst described as the worst he’s ever seen, former Boeing Commercial Airplanes Chief Executive Alan Mulally delivered some advice on how to boost morale: work together and include everyone.

Elaine Thompson / AP Photo

Unions representing Boeing engineers and machinists are pushing Washington state lawmakers to toughen a package of aerospace tax breaks passed last year. They’re aiming to make it harder for Boeing to move work out of state.

Dan Lighton / AP Photo

Boeing plans to move a large portion of its defense-related business out of Washington state, affecting about 2,000 people.

The company is shifting defense services and support work to Oklahoma City and St. Louis, as well as some additional work to Florida and Maryland. The programs affected include support work for Airborne Warning and Control Systems, Airborne Early Warning and Control as well as the F-22 Raptor.

AP Photo/Blue Origin

The U.S. has been wanting to ferry astronauts from U.S. soil to the International Space Station, but for now, American astronauts rely on Russia to get to space. That’s about to change, now that Boeing and Blue Origin, another Northwest company, are on board to build the rocket.

AP Photo/NASA

NASA is a giant step closer to launching Americans again from U.S. soil.

On Tuesday, the space agency announced it has picked Boeing and SpaceX to transport astronauts to the International Space Station in the next few years.

Ashley Gross

Everett is a step closer to becoming the home of Boeing’s next wide-body jet assembly. The company has started demolition work on three buildings that will be torn down to make way for the new 777X composite wing center. 

Elaine Thompson / AP Photo

Boeing failed to negotiate in good faith when it refused to provide evidence to substantiate its claim that workers in the Puget Sound area cost more than workers elsewhere, a National Labor Relations Board judge ruled Friday.

The ruling was in response to an unfair labor practice charge filed by the Society of Professional Engineering Employees in Aerospace, or SPEEA.

The Associated Press

The union representing Boeing engineers has filed age-discrimination charges against the company with the Equal Employment Opportunity Commission and the Washington State Human Rights Commission.

The move comes in the wake of a series of announcements by Boeing that said the company is shifting thousands of engineering jobs to other states.

Elaine Thompson / AP Photo

Washington state businesses are following with growing anxiety a debate in the other Washington over the future of the Export-Import Bank. Today, members of a Congressional committee are holding a hearing on whether the obscure federal agency amounts to corporate welfare.

Courtesy of Carolyn Corvi.

Editor's Note: “Senior Thesis” is a special week-long series that brings together venerable veterans in various fields with university students hoping to forge a career in the same field.

Jaime Katzer showed up at the studio in her best business attire, excited but a little nervous. The University of Washington senior was here to meet a woman who from the outside appears fearless.

Ann Heisenfelt / AP Photo

A new report says the government failed to properly test the lithium-ion batteries on the Boeing 787 and relied too much on the company for technical expertise.

The National Transportation Safety Board Thursday criticized the process used by the Federal Aviation Administration to certify the new jet in 2007. It also recommends that FAA look outside the aviation industry for independent technical expertise.

Ashley Gross / KPLU

Boeing Chief Executive Jim McNerney says he understands that shifting engineering work away from Washington state may be controversial, but he says these moves “strengthen our company, strengthen our engineering capability.”

Over the past year, the Chicago-based aerospace giant has announced several transfers of engineering jobs that affect thousands of Puget Sound-area employees. Most recently, the company said earlier this month that it will move 1,000 engineering positions to southern California as it makes that region the center of customer support for airplanes currently in service.

AP Photo

Boeing is moving about 1,000 of its customer support jobs out of Washington and into Southern California.

The company said Thursday that it is centralizing its customer support to its engineering design center in Southern California. It already employs 1,800 people at its Long Beach and Seal Beach sites there.

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