Boeing shifts growth focus from planes to space and defense
Boeing executives outlined a strategic pivot away from commercial aircraft toward space, communications, and missile sectors. They expect air travel to recover slowly after the 9/11 impact, with commercial aircraft revenue shrinking to under half of total in three to five years while space and defense units expand, including Southern California plants.
MENTIONED IN THIS ARTICLE
Seal Beach
Calif
Boeing Co
Boeing
Harry Stonecipher
Stonecipher
Seattle
Chicago
California
Boeing faces near term impact as it plots big projects
Boeing outlines emotional and stock effects from looming layoffs of up to 30,000 workers at its Dallas and Southern California sites. Stonecipher and Albaugh discussed Delta 4, Joint Strike Fighter bids, and Sonic Cruiser plans amid competition with Lockheed Martin and Airbus A380. Share price rose to 36.18.
MENTIONED IN THIS ARTICLE
Boeing
Stonecipher
Pentagon
Lockheed Martin Corp
U.S. Navy
Air Force
Marines
Britain
Royal Navy
Lockheed
Airbus Industries
New York Stock Exchange
Diagraph to Build 66,000 Sq Ft Plant in Marion
Diagraph Corporation will construct a 66,000 square foot manufacturing plant and office complex at the Robert L. Butler Industrial Park west of the Circuit City distribution center in Marion. The 3 million project, funded with state grants, preserves 75 jobs and adds 12 positions, with construction by Holmes Construction Co. The move follows the ITV sale and is supported by REDCO officials and city leaders as part of a broader industrial park program.
MENTIONED IN THIS ARTICLE
Marion
Diagraph Corporation
Robert L. Butler
Circuit City
City of
Regional Economic Development Corporation
Dennis Jones
Crab Orchard Wildlife Refuge
Holmes Construction Co
Diagraph
Jones
Illinois
Illinois Department of Commerce and Community Affairs
Illinois First
DCCA
Butler
Wisconsin Physicians Service
Consumer borrowing edges up as tax rebates lift spending
Americans increased borrowing in August by 2.3 billion dollars at a 1.7 percent annual rate, with more credit card use and loans for big-ticket items. Analysts warn post 9/11 fears may curb spending, while rebates aim to bolster demand amid job fears and recession risk. Reviving credit reflects tax rebates and mortgage refinancings aiding cash flow.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Richard Yamarone
Argus Research Corp
World Trade Center
Pentagon
Yamarone
Congress
Bush Administration
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Jim Albaugh
Boeing Space & Communications
Boeing.com
Diagraph Corp
Southern
Illinois Tool Works
ITV
Southern Illinois
Dutch Doelitzsch
REDCO
Robert Butler
State of
City
Illinois Department of Transportation
Joe Ollis
Ollisauction.com
Jim Pearl
Jimpearl.com
Saturn of
Carbondale
Saturnofcarbondale.com
Mercury
Lincoln
Wooglerford.com
Chevrolet
Gregweeks.com
Feemlatiovaverseon
L.A. Services, Inc
Dasonline.net
Cynthia A. Fligel
Marykay.com
Cfligel
Jessie
Bhinanmacoe (As
Westaff - Herrin, IL
Westaff.com
Express Personnel Services
Expresspersonnel.com
Financial Institutions
The
Bank of Carbondale
Tboc.com
Banterra Bank
Banterrabank.com
Herrin Security Bank
Bs-Bank.com
Marion Memorial Hospital
Marionmemorial.com
Southern Illinois Healthcare
Sibnet
Home Entertainment
MD Enterprises
Mdenterprises
Ecxsites
Allstate Insurance Co
Katherine Benedict
Allstate.com
Michael Harris
Mikeharrisinsurance.com
Ins
Jim Koonce
Jimkoonce Justerm
Heartland Internet Service
Hbcis.net
Jewelers
Franklin Williamson
El-County Health Department
Fwhchddast
Ilus
J. McNeill Jewelry
Jmcneill.com
Real Estate
J. David Thompson Realty
Www
Jdavidthompsonrealty.com
Prudential RC Realty, Inc
Prudentialrcrealty.com
Jo-Co Pools
Jocopools.com
Pam
Triophotogifts
Helitechonline.com
Saluki
Southern Illinois University
Thesouthern.com
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