Sunday, December 19, 2010

Rockford development agency works quietly to lure companies - Rockford, IL - Rockford Register Star

In 2010, 19 companies did.
In RAEDC-speak, it was 19 wins.
They were projects valued at $21.3 million and involved 1,509 jobs that were retained or are intended to be created by companies here.

Collaboration is key
The head salesperson is Janyce Fadden, 55, who was hired in 2004 after 26 years working in sales, marketing, customer service and operations jobs for different companies. She became president a year later, and in 2009 earned a base salary of $115,000, part of a compensation package totaling $171,888, according to IRS documents filed by RAEDC.

Click on the following for more details:  Rockford development agency works quietly to lure companies - Rockford, IL - Rockford Register Star

Dreamliner's woes pile up | Seattle Times Newspaper

I suggest this Seattle Times article for a broader view of Boeing’s current issues.  According to the Rock Register  Star two local manufacturers are subcontractors.

… an electrical panel designed and produced by Hamilton Sundstrand, and Boeing engineers pointed to the fire[on this panel] as an example of why the Chicago-based company should stop outsourcing design work for the airplane. The 787 is nearly three years behind schedule, with many of the delays blamed on issues with parts from suppliers.

The wing mold, which took three months to complete, was made by Ingersoll Machine Tools in Rockford for Mitsubishi.

the cascade of systems failures caused by that fire, as well as two major problems since summer with the 787's Rolls-Royce engine, have raised red flags with aviation regulators.

A top Federal Aviation Administration (FAA) official 10 days ago warned Boeing that without further proof of the plane's reliability, it won't be certified to fly the long intercontinental routes that airlines expect it to serve

senior engineer who expects the 787 will ultimately prove successful. "But the amount of stuff we are finding is horrible. We shouldn't be dealing with this many issues this late in the program."

Boeing has bet its future on the 787, which made its maiden flight one year ago. The company aimed to reduce the cost and risk by outsourcing an unprecedented share of manufacturing and design work to partners around the globe.

company's original internal target for its own development costs was $5 billion. But with yet another delay, several Wall Street analysts estimate that fixing the litany of manufacturing problems, plus paying penalties to suppliers and airlines, has piled on an additional $12 billion to $18 billion.

Read more by clicking on the following:  Business & Technology | Dreamliner's woes pile up | Seattle Times Newspaper