Boeing is not the only company benefiting from the improved health of the world's airlines.
Boeing is not the only company benefiting from the improved health of the world’s airlines.
U.S. aerospace-industry employment rose to 618,400 jobs at the end of June, its highest level since August 2002.
Since hitting a 50-year low of 579,700 jobs in February 2004, aerospace manufacturers have added back more than 38,000 workers, a 6.7 percent jump.
“It’s encouraging to see that last year’s employment increases marked the beginning of what is hopefully a long-term trend,” said John Douglass, president of the Aerospace Industries Association.
Boeing’s payroll stands at 151,540 jobs today, down from 157,229 in February 2004, but the decline is misleading.
Boeing shifted more than 8,000 jobs to Onex when it sold its commercial-airplane plants in Kansas and Oklahoma in June.
Another 700 jobs went to BAE Systems when Boeing sold its commercial-electronics plant in Irving, Texas, in August 2004.
The good news is easier to see regionally. Boeing now employs 59,710 workers in Washington state, up from 53,451 workers in February 2004.
Teknowledge says patent pact made
Teknowledge, which sells software to the financial-services industry, said that Microsoft agreed to pay $250,000 to settle a patent-infringement lawsuit.
The settlement resolves a lawsuit over patents filed in federal court, Palo Alto, Calif.-based Teknowledge said in a regulatory filing.
The companies will cross-license the technologies at issue in the suit, Teknowledge said in the filing.
Microsoft had countersued Teknowledge claiming infringement of two patents, the filing said.
New company looks to future
The merger of Sprint and Nextel Communications closed yesterday, creating a company with more than 44 million mobile-phone subscribers.
The new Sprint Nextel, with headquarters in suburban Reston, Va., and about 80,000 employees nationwide, is betting on the explosion in wireless communications and will shed its slower-growing local telephone business.
Sprint Nextel stock will start trading on the New York Stock Exchange on Monday under the ticker symbol “S” once used by Sears, Roebuck.
Bankruptcy step nearer, cites report
Delta Air Lines has begun arranging the financing it would need should it seek bankruptcy protection, The New York Times reported today.
Citing “people with direct knowledge of Delta’s actions,” the Times reported that the troubled airline could seek the protection within weeks.
Delta, like the rest of the industry, has been battered by skyrocketing oil prices.
Compiled from Times business staff, Bloomberg News, The Associated Press and Reuters