Morocco’s national airline plans to purchase up to five Boeing 787 jets, officials said Wednesday. Royal Air Maroc and the Boeing Co. reached an agreement July 31 for the airline to buy the fuel-efficient, long-range aircraft. The Moroccan carrier and Chicago-based Boeing, which builds most of its commercial planes in Washington state, expect to finish negotiations in September. The 787 is slated to enter commercial service in 2008. Boeing said it has 257 total orders for the jets and commitments from 21 airlines.
Lynnwood’s Crane wins 787 contract
Crane Aerospace &Electronics of Lynnwood will supply the brake control and monitoring system for the landing gear of the Boeing Co.’s new 787 airliner. Crane is a subcontractor supplying the part to Smiths Aerospace, which is providing Boeing with the landing gear for the new plane. Crane executives said the company’s new system will be cheaper and lighter than previous systems, and will be the “foundation of our next generation of brake control.”
StockPot unveils new chowder
StockPot Inc. officially broke ground on its new $80 million production plant Wednesday, an event highlighted by the introduction of the company’s newest soup, Port Gardner Bay Clam Chowder. The division of Campbell Soup is building the new soup plant in southwest Everett to replace its existing plant near Maltby. Once StockPot moves to Everett, its building along Highway 9 will be used by the new Brightwater wastewater treatment plant.
Unocal investors OK Chevron bid
Shareholders of oil and gas company Unocal Corp. formally voted Wednesday to accept a takeover bid by Chevron Corp., even as some at the meeting continued to lament a failed rival bid for the company by a Chinese oil firm. The approval of the approximately $18 billion purchase of the world’s ninth-largest oil company follows months of negotiations and a high-profile courtship from CNOOC Ltd., a Chinese oil company that hoped to secure energy resources needed to accompany its country’s rapid economic growth.
WorldCom official gets prison term
The former controller of WorldCom, who admitted playing a pivotal role in the $11 billion accounting fraud, was sentenced Wednesday to one year and one day in prison. David Myers, 47, was the third-highest-ranking company official to face charges in the record fraud. He pleaded guilty to conspiracy and securities fraud nearly three years ago.
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