Boeing awarded contract for radar on AWACS planes

Herald staff

MIDWEST CITY, Okla. — Boeing Co. has won a $107 million contract to update radar units for six more planes at Tinker Air Force Base, extending the company’s two-year project.

Boeing has been installing E-3 AWACS radar units since 1998 and already had the contract to update 13 planes. Now the company likely will improve radar units on the rest of Tinker’s 32 U.S. sentry planes, Boeing spokesman David Sloan said.

Net ad firm cuts back: DoubleClick Inc., the nation’s largest Internet advertising agency, cut more than 120 employees from its work force this week, the latest sign of belt-tightening in an industry experiencing growing pains. The company is the third Internet ad agency to announce layoffs in recent months, a symptom of a steep decline in dotcom ad spending.

Apple earnings fall: Apple Computer Inc. became the latest personal computer maker to warn of disappointing earnings, saying Tuesday that first-quarter earnings will fall well short of Wall Street’s expectations because of slow sales.

Tuesday prices: Gold sold for $270.80 a troy ounce, silver sold for $4.73 and platinum sold for $607.04.

Delta cancellations mount: Delta Air Lines sued its pilots’ union and 49 pilots Tuesday and said it will trim 100 to 125 flights from its schedule as it tries to manage mounting cancellations caused by pilots refusing to work overtime. Delta’s chairman and chief executive, Leo Mullin, said the airline was forced to seek a temporary restraining order against the pilots in federal court after it canceled 386 flights Friday and Sunday. Those cancellations affected 43,000 travelers, Mullin said in a conference call with reporters.

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