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...sudden ouster of Harry Stonecipher as CEO of Boeing for having an affair with an employee was just the latest blow to the aerospace giant, whose previous CEO, Phil Condit, resigned 18 months ago in an Air Force contracting scandal. But the nation's second biggest defense contractor may have more worries ahead. In the cross hairs this week is a $120 billion Army contract, managed by Boeing, that would enable computer-equipped soldiers on the ground to see and fight the enemy with satellites, unmanned vehicles and futuristic weapons. Senator John McCain of Arizona will hold hearings this week...

Author: /time Magazine | Title: Boeing Still in the Cross Hairs | 3/13/2005 | See Source »

...firms in the world, to work on the Milwaukee Water Pollution Abatement Program, a project for the upgrading of sewage-treatment plants and the sewer tunnel system. One of the very first jobs I was put on was as a tunnel inspector. The project was awarded to an Italian contractor. I still remember so vividly to this day when I sat in a preconstruction meeting and the project manager was introducing his inspectors. When he introduced me, the only woman, this older Italian man pointed at me--he wouldn't even look at me--and said, "That woman will...

Author: /time Magazine | Title: Bad Idea. You'll Flunk Out | 2/27/2005 | See Source »

...avoid problems like poor workmanship, check references on any contractor you use--and get everything in writing...

Author: /time Magazine | Title: Money: Annual Consumer Complaint List | 2/14/2005 | See Source »

...army has launched a fraud investigation into the mysterious disappearance of an American contractor in Iraq and the killing of a co-worker shortly afterward, Defense officials tell TIME. On Oct. 9, 2003, Kirk von Ackermann, 37, was driving alone in northern Iraq when he pulled off the road with a flat tire and phoned the Kirkuk office of his employer--Ultra Services, based in Winters, Calif.--for help. A colleague arrived and found the car but not Von Ackermann. There were no bloodstains or bullet holes in the vehicle. And Von Ackermann didn't seem to be the victim...

Author: /time Magazine | Title: Without A Trace In Iraq | 2/13/2005 | See Source »

Boeing isn't impressed. Airbus has got ahead, the company contends, because of unfair advantages--those launch-aid loans, to the tune of some $15 billion over the past 30 years. Airbus' retort: it will give up its state support if Boeing--the U.S.'s second largest defense contractor--forgoes its tax breaks and R&D support. In fiscal 2003, the E.U. estimates, total U.S. government support for Boeing R&D was $2.74 billion, representing 11.9% of the company's profits. That argument has stung Boeing, especially since it is involved in investigations of illegal or unethical behavior...

Author: /time Magazine | Title: Aviation: Battle for the Sky | 2/6/2005 | See Source »

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