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OEM News 10/30/2008

Oct. 30, 2008
October 30, 2008   Articles Boeing Projects China To Require New Airplanes Valued At $390 Billion ...
October 30, 2008
Boeing Projects China To Require New Airplanes Valued At $390 Billion
The Boeing Company detailed its 2008 Current Market Outlook (CMO) for the China region today, forecasting a market for 3,710 new airplanes worth about $390 billion over the next 20 years. Read More

Bell Helicopter Announces Layoffs
Officials at Bell Helicopter said the company would lay off approximately 500 workers, about 4 percent of its Bell Helicopter workforce and includes a 20 percent reduction in the management-level staff.
This layoff was triggered by the U.S. Department of Defense's recent termination of the ARH-70A helicopter development contract, including the impact of the loss of the planned production contract. Read More

BorgWarner Expects $2.1 Billion in New Business Through 2011
BorgWarner Inc. said it expects to get $2.1 billion in new powertrain business for 2009 through 2011, an 8 percent increase over its previous three-year new business despite the contraction currently occurring within the global auto industry. Demand for the company's environmentally friendly technologies such as gasoline and diesel turbochargers and dual-clutch transmission technology is expected to continue to drive a growth rate for the company that exceeds that of the overall auto industry. Read More

Ford To Produce New Low CO2 Engines In Wales
Ford announced a new investment program at its high-tech Bridgend engine plant in Wales to produce next generation low CO2 1.6-litre, four-cylinder petrol engines.
This latest investment totals about $115.6 million (≤70 million) for the plant, where this year employment rose to over 2,000 for the first time in its 28-year history. Read More

Boeing Selects BAE Systems For Digital Electronics For International F-15s
The Boeing Company has selected BAE Systems' Electronics, Intelligence & Support (EI&S) division to provide the next-generation Digital Electronic Warfare Suite (DEWS) for future international versions of the F-15 multirole fighter aircraft. Boeing's selection of BAE Systems is the result of a rigorous source-selection competition. Read More

SPX Gets $124 Million Contract For Key Products for Power Station In South Africa
SPX Corporation said that its thermal equipment and services affiliate has been awarded a $124 million contract with Hitachi Power Africa (Pty) Ltd , a subsidiary of Hitachi Power Europe GmbH (HPE) to provide key products for the new Kusile Power Station in SouthAfrica. Read More

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