Airbus chief shifts focus to profitability. Price war with Boeing hits a turning point

Article Abstract:

Airbus Industries (Farnborough, England) has hired Noel Forgeard as its new managing director. Mr. Forgeard will concentrate on making the company more profitable. The company has also announced a 3 percent price increase for all of its planes. This increase follows a 5 percent price increase announced by Boeing for its fleet of planes. Boeing recently suffered its first annual loss in 50 years. To counter the $178 million loss for 1997, Boeing fired an executive, and plans to sell some unidentified assets in order to refocus the company, and bring it back to profitability.

Comment:

Boeing provided insight into efforts to return to profitability

Strategy & planning, France, Boeing Co., Airbus S.A.S., Article, commercial airline company

---

United Technologies deal lifts Sundstrand shares

Article Abstract:

United Technologies Corp.'s proposed acquisition of Sundstrand Corp. was praised by Wall Street. The proposed deal is considered by observers to be part of United Technologies's attempt to provide a more comprehensive and competitive package of parts and services to aerospace prime contractors. The company said it was making a bid of $4.3 billion in cash and stock to acquire Sundstrand.

Comment:

United Technologies's proposed acquisition of Sundstrand praised by Wall Street

Asset sales & divestitures, Acquisitions & mergers, General Industrial Machinery, Machinery Manufacturing, Industrial equipment, Machinery, Mergers, acquisitions and divestments, Abstract, Industrial equipment and supplies industry, Industrial equipment industry, United Technologies Corp., UTX, Sundstrand Corp., SNS

---

Lockheed appoints GM executive as operating chief

Article Abstract:

Lockheed Martin Corp. has appointed Louis R. Hughes as its new operating chief and president. Mr. Hughes will replace the retiring Peter B. Teets.

Officials and employees, Appointments, resignations and dismissals, Lockheed Martin Corp., LMT, Hughes, Louis R.

Similar abstracts:

• Abstracts: Acer shifts focus to logic chips, hoping to become a powerhouse
• Abstracts: ITT Industries swung to profit in 4th quarter. ITT's earnings increase 8.4%. Aetna swung to net profit for fourth quarter
• Abstracts: Airline mergers tread carefully. Turn on, tune in, join up. On the road to the Emerald Isle
• Abstracts: Aliachem will focus on products with a high added value. The launching of chemical products to the market. Chemical products for industrial processing
• Abstracts: Dire straits? Stand-off: trade with China

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.