Boeing Comments on Loss of Sat Contract

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By
Muhammed El-Hasan
on May 15, 2008 5:42 PM | | Comments (0) |

Boeing issued a statement on its loss today to Lockheed Martin Corp. for a $1.46 billion Air Force contract to build a new network of navigation satellites for military and civilian use, known as GPS III.

Had it won, Boeing would have built the satellites in El Segundo.

Here's the statement: "Boeing is disappointed by this loss, for we assembled a great team that submitted a solid proposal for the GPS III program. We look forward (to) receiving the debrief from the United States Air Force."

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This page contains a single entry by Muhammed El-Hasan published on May 15, 2008 5:42 PM.

Boeing Loses Sat Contract was the previous entry in this blog.

World Economy "Teetering on the Brink" is the next entry in this blog.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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