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In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

Lockheed and Airbus will tout their LMXT tanker at the Paris Airshow this week, bringing U.S. reporters onboard the A330 Multi Role Tanker Transport on which the new plane is based. In 2011, Boeing won the first of a three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s. But Larry Gallogly, Lockheed’s director of LMXT business development, said Lockheed and Airbus "are most definitely still in this competition." Lockheed and Airbus sought a program of at least 120 aircraft, but “the business case can certainly close below that,” Gallogly said. Boeing Defense CEO Ted Colbert said the KC-46 "has proven to be highly capable" and is ready for the threats of the 2030s.

Persons: Lockheed Martin, Larry Gallogly, ” Gallogly, Ted Colbert, Jerry Carl, Carl, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, Aerospace titans Airbus, Boeing, Airbus, Lockheed, U.S, U.S . Air Force, Air, KC, Capitol, Air Force, General, Armed Services, Alabama Republican, Thomson Locations: WASHINGTON, PARIS, U.S, United States, Alabama, Georgia, American

On Tuesday, Boeing announced orders for 78 Dreamliners, split between state-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air. The $37 billion sale, which Boeing called its fifth-largest commercial order by value, followed a deal with United Airlines (UAL.O) in December for 100 Dreamliners and a purchase by Air India that included 20 787s. Planemakers are also grappling with the after-effects of the pandemic, which forced waves of layoffs and retirements of skilled workers. While Airbus outsold Boeing in the Air India deal, landing orders for 40 A350 widebodys, the U.S. planemaker swept both the United Airlines and Saudi orders. “Saudi Airlines is a government-owned airline, and so there are politics involved with this,” analyst Stallard said.

After the retirement of Boeing Capital Corp (BCC) President Tim Myers this spring, Boeing said it would "realign" the financing arm within the commercial airplane unit while maintaining "strong coordination" with Boeing's treasury arm. Boeing Capital, a subsidiary of Boeing, provides asset-based financing and leasing to airlines. The closing of Boeing Capital continues a trend for Boeing to consolidate its operational structure and ends a significant chapter in the fast-expanding air finance industry. A Boeing spokesperson said the shift will provide airlines "with more consistent support" for arranging aircraft financing. Rob Martin, finance chief for the commercial airline business, and Boeing Treasurer David Whitehouse will be responsible for the transition, West said in the memo.

[1/10] A Boeing E-4B "Doomsday Plane" military aircraft takes off at Joint Base Andrews, in Maryland, U.S., May 11, 2022. But it was in the seemingly endless rows at the back of the new jumbo that the 747 transformed travel. "This was THE airplane that introduced flying for the middle class in the U.S.," said Air France-KLM CEO Ben Smith. "Prior to the 747 your average family couldn't fly from the U.S. to Europe affordably," Smith told Reuters. Now, two previously delivered 747s are being fitted to replace U.S. presidential jets known globally as Air Force One.

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