Other items: Air Force to plan for tanker contest; Furniture store aims for new center; and others.
Pledging loyalty to Boeing, Everett Mayor Ray Stephanson issued a public declaration yesterday that the city won’t seek to be the site of an Airbus air tanker factory.
Airbus parent European Aeronautic Defense & Space (EADS), in an effort to win an Air Force tanker contract, has launched a 50-state competition to site an assembly plant. EADS could win the contract only if Boeing failed in its push for a tanker based on the Everett-built 767.
“It’s important to me that Boeing get that contract,” Stephanson said. “The 767 is the right solution for the tanker deal. Those jobs are important to our citizens and to Boeing workers.”
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The state’s department of Community, Trade and Economic Development (CTED) earlier this week discussed with officials from Everett, Spokane and Moses Lake whether to meet with EADS and the site selectors in Washington, D.C., next Tuesday.
Representatives from Spokane and Moses Lake have confirmed that they will attend the D.C. meeting, she said.
Air Force to plan for tanker contest
Acting Undersecretary for Acquisition Michael Wynne said the Air Force was told to plan for a competition to build a new aerial refueling tanker likely pitting Boeing against the Airbus unit of EADS.
The Pentagon needs at least another five months to finish assessing alternatives for its tanker fleet outlined by Rand, a research company.
The analysis “will take a lot of time — three or five months — so in parallel we have asked the Air Force to begin planning, even based on the preliminary results, for an outcome that could lead to a competition,” Wynne said.
Furniture store aims for new center
Thomasville will open a furniture store in Lincoln Square, a three-tower condominium, hotel and office project under construction in downtown Bellevue. The Thomasville, N.C., company is the first retailer to sign on to the project.
Lincoln Square’s three-story shopping mall and 42-story condominium and hotel tower opens in November. A 27-story office tower will be built when Bellevue’s office-vacancy rate improves.
Lincoln Square’s other tenants include McCormick & Schmick’s Seafood Restaurant; The Parlor Billiards & Spirits, a pool hall and restaurant; Starwood Hotels & Resorts, which will operate a 337-room hotel under its Westin brand; and Signature Theatres, which will run a 16-screen movie theater.
Nation / World
Pessimism over doughnut maker
Shares of Krispy Kreme Doughnuts plummeted further yesterday as analysts expressed uncertainty about the company’s near-term future.
“My gut is that there is a sense that the b-word [bankruptcy] might be coming next,” said analyst Charles Sibilski, who follows Krispy Kreme for Morningstar out of Chicago.
Krispy Kreme spokeswoman Amy Hughes did not return a call yesterday.
Shares of Krispy Kreme fell $1.15, or nearly 16 percent, closing at $6.06 yesterday. The shares traded near $50 less than two years ago.
Compiled by Seattle Times business staff and The Associated Press