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Wednesday, April 7, 2010 as of 11:14 AM ET

W. James McNerney

W. James "Jim" McNerney, Jr, (born August 22, 1949 in Providence, Rhode Island) is an American business executive.

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Boeing Sees Growing Demand for Commercial Planes

Demand for Boeing Co's new commercial airplanes is growing, even as the U.

S. plane maker faces ongoing challenges in defense spending, Chief Executive Jim McNerney told shareholders on Monday.The company had anticipated the defense downturn for several years, he said at a shareholders meeting in Chicago. In preparation for cutbacks in U.S. government spending, defense companies have cut jobs, shed non-strategic units and are making acquisitions in niche growth areas.Boeing, the world's largest aerospace and defense company, is ramping up production of commercial airplanes to meet increased demand from airlines while it faces pressure from defense cutbacks.Boeing's commercial orders have grown rapidly this year, while production has accelerated on all its commercial planes including the 787 Dreamliner. The new lightweight carbon-composite airplane came to market in 2011 after three years of delays.Boeing also hopes to win orders for its upcoming 737 MAX, with a new, fuel-efficient engin...

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  1. Boeing quarterly profit beats estimates

    By Kyle PetersonBoeing Co posted a larger quarterly profit on Wednesday that topped analyst forecasts on strong operating margins and the company upped its profit fo...

  2. Boeing's 3Q Net Flies Above Estimates; '11 View Hiked

    Boeing (NYSE:BA) easily beat the Street on Wednesday with a 31% bump in third-quarter profits, leading the aerospace and defense giant to boost its full-year earning...

  3. Boeing's 2Q Beats Forecasts; Reveals Fewer Delivery Cuts

    Boeing’s (NYSE:BA) shares flew higher Wednesday morning after the aerospace and defense giant beat the Street with a 20% jump in second-quarter earnings and boosted ...

  4. Boeing says may have decision on 737 by end of year

    By Kyle PetersonSpeaking to reporters a day before the start of the Paris Air Show, Jim Albaugh reiterated that the company would not be pressured into making a hast...

  5. Boeing, U.S. labor board lock horns over 787 plant

    By Bill Rigby and Kyle PetersonSEATTLE/CHICAGO (Reuters) - Boeing Co on Tuesday asked a court to throw out a government case that accuses the plane-maker of putting ...

  6. Ken Langone on Boeing’s Union Battle

    Home Depot Co-Founder Ken Langone on the union battle facing Boeing.

  7. High oil prices boost airplane demand: Boeing CEO

    By Kyle PetersonCHICAGO (Reuters) - The global airline industry so far is resilient to soaring fuel costs, and carriers are showing strong demand for newer, more fue...

  8. Boeing profit up on better production

    By Kyle PetersonCHICAGO (Reuters) - Boeing Co's <BA.N> quarterly profit rose 13 percent and beat expectations despite a slight decline in revenue as the company impr...

  9. Boeing's 1Q Profits Fly Above Estimates; Stands By '11 View

    Boeing ’s (NYSE:BA) profits received a 13% bump in the first quarter, prompting the aerospace and defense giant to stand by its full-year guidance.Chicago-based Boei...

  10. How Goldman's CEO Snagged a White House Invite 

    Six months after his company settled fraud charges with the government, the chief executive officer of Goldman Sachs , Lloyd Blankfein , was invited by the White Hou...

  11. CHRONOLOGY-Boeing's troubled 787 Dreamliner

    CHICAGO (Reuters) - Boeing Co said the first delivery of its long-delayed 787 Dreamliner has been pushed to the middle of the first quarter of 2011 from the fourth q...

  12. Boeing Plans Dreamliner's First Flight

    FBN's Sandra Smith on Boeing's new 787 Dreamliner test flight.

  1. Boeing 1Q Results Fly Past Expectations

    Earnings at aerospace heavyweight Boeing (NYSE:BA) soared by a stronger-than-expected 58% in the first quarter thanks in part to a surge in commercial airline delive...

  2. CEOs Say Change Volcker Rule, Other Pending Fed Regulations

    A group of chief executives on Wednesday called for major changes in Washington, including modifying parts of the Dodd-Frank financial overhaul bill and balancing th...

  3. GE, JPMorgan to Hire Thousands of U.S. Veterans

    General Electric (NYSE:GE) and JPMorgan Chase (NYSE:JPM) both unveiled plans on Monday to hire thousands of U.S. veterans as part of efforts to expand domestically a...

  4. Boeing 4Q Results Soar by Estimates; View Disappoints

    Jet maker Boeing (NYSE:BA) revealed a stronger-than-expected 20% increase in fourth-quarter profit and announced on Wednesday a mega deal with Norwegian Air that mar...

  5. Boeing profit lifted by commercial and defense sales

    By Kyle PetersonStrong demand for commercial and military aircraft lifted quarterly earnings at Boeing Co <BA.N>, making the builder of the new 787 Dreamliner the la...

  6. Boeing profit lifted by commercial, defense sales

    By Kyle PetersonBoeing Co posted a larger quarterly profit on Wednesday, topping analyst forecasts, on strong commercial and military sales, and the company raised i...

  7. Boeing profit beats; operating performance strong

    By Kyle PetersonBoeing Co posted a larger quarterly profit on Wednesday, topping analyst forecasts, on strong commercial and military sales, and the company raised i...

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