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U.S. markets recover from steep losses
CHICAGO, Sept. 6 (UPI) -- Boeing said its new 787 Dreamliner aircraft, beset by a series of delays, probably won't make its maiden voyage until late fall.
That puts the Chicago-based company on a “very tight” schedule to meet its first delivery date next May, to Japan's All Nippon Airways, officials said.
Scott Carson, head of Boeing Commercial Airplanes, told reporters and analysts on a conference call that the first flight probably will be between mid-November and mid-December. That would put about a three-month delay on original plans.
The set-back leaves Boeing with very little time to sort out problems that typically crop up during flight tests for brand-new aircraft and still deliver the first plane by May 2008, as scheduled.
Production of the first aircraft to be used in testing has been slowed by a global shortage of titanium fasteners and by systems integration issues with the computers that will run its flight controls, officials said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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