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Boeing profits up but 2014 outlook lags expectations

US aerospace giant Boeing Wednesday reported a jump in quarterly profits on higher aircraft deliveries, but gave a 2014 earnings forecast that lagged analyst expectations. Boeing notched sizeable revenue increases in both its commercial and military aircraft segments, lifting fourth-quarter profits by 26.1 percent. "Strong fourth-quarter results underscored an outstanding full year of core operating performance that drove record revenue and earnings and increased returns to shareholders," said Boeing chairman and chief executive Jim McNerney.

Boeing's 787 production at record high, just misses deadline

By Alwyn Scott SEATTLE (Reuters) - Boeing Co <BA.N> said on Friday it is producing its 787 Dreamliner at the highest ever rate of 10 per month, a milestone the company had hoped to achieve by the end of 2013. More details on 787 production are expected when the company releases fourth-quarter results on Wednesday.

Boeing hiring in South Carolina as it raises 787 production

(Reuters) - Boeing Co <BA.N> is hiring contract workers at its factory in South Carolina as it boosts output of the 787 Dreamliner and seeks to avoid manufacturing issues linked to the production increase, according to people familiar with the situation. Boeing confirmed on Wednesday that it is hiring at the facility but declined to provide details. The company was responding to a Wall Street Journal report that said the aircraft maker is adding about 300 contract mechanics and inspectors at its North Charleston facility.

After passing $9 billion in tax breaks, Washington state vows to help Boeing even more

OLYMPIA, Wash. - Even after giving Boeing Co. one of the largest packages of tax breaks in U.S. history, state leaders in Washington told the aerospace giant in a proposal released Wednesday that they were ready to do even more. In the 164-page proposal obtained under public disclosure laws, Gov. Jay Inslee and his administration vowed to work with Boeing on water quality issues, workers' compensation costs and improved transportation infrastructure.

Chief of Boeing's Washington machinists union to retire

(Reuters) - The president of Boeing Co's <BA.N> biggest union, who was at the center of the negotiations with the company to secure a crucial labor contract earlier this month, said he will retire at the end of this month citing health concerns.

Boeing machinists allege unfair labor practices, seek revote

By Alwyn Scott and Bill Rigby NEW YORK/SEATTLE (Reuters) - Angry Boeing machinists have filed eight unfair labor practice charges with the National Labor Relations Board alleging their union's top leaders manipulated a recent contract vote, and demanding that ballots be recast. The NLRB has launched an investigation into the charges, filed by individual members against the International Association of Machinists and Aerospace Workers, said Anne Pomerantz, an attorney with the NLRB regional office in Seattle.

US issues order to Turkish company to stop Boeing airplane engine export to Iran

ISTANBUL - The United States Commerce Department has issued an emergency order using U.S. anti-terrorism export control laws against a Turkish company in an attempt to stop it from exporting two Boeing airplane engines to Iran. Commerce Department officials say that such orders are used rarely to prevent the imminent export of restricted U.S. items to certain countries, including Iran.

Boeing delivers record 648 jets in 2013; likely top planemaker

By Alwyn Scott and Tim Hepher (Reuters) - Boeing Co <BA.N> delivered a record 648 jetliners in 2013, beating its own target and likely securing its place as the world's biggest plane maker for the second year in a row. Boeing's delivery tally beat its forecast of up to 645 jets for the year and was 7.8 percent higher than last year's total. The tally is likely to exceed deliveries by rival Airbus Group NV <AIR.PA>, which is targeting up to 620 deliveries in 2013.

New Boeing contract secures coveted plane, but deals blow to local labour influence

SEATTLE - A new labour contract that was approved in a close vote by Boeing machinists secures a major airplane contract for the Seattle area, but it also moves workers away from pensions. National union leaders, the state's governor and the company all hailed Friday contract approval — which defied local union bosses — as a vital boost to the region's economy. The tight count exposed deep rifts in the once-powerful union, but with plenty of states lining up to give Boeing exactly what it wanted to get work on the 777X, the aerospace giant had a tremendous advantage.

FACTBOX-Boeing contract with machinists - details of agreement

By Alwyn Scott NEW YORK (Reuters) - Boeing Co's machinist workers in the Pacific Northwest narrowly agreed on Friday to an eight-year contract extension that begins after the current contract expires in 2016. The new agreement guarantees them work on Boeing's newest jetliner, the 777X, in exchange for changes in their pay and benefits. Here are key provisions of the agreement: -777X final assembly line and wing fabrication and assembly will be located in the Puget Sound area.
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