and continues to provide to boeing. they include programs as diverse as all the engines for the 737 through our joint venture with our partner ge. those engines have powered the casey 135 fleet as well as the new p-8 for the united states navy and our new engines will continue that tradition on into the future. our company is producing wiring panels and harnesses for, again, a wide diversity of platforms that include the 737s, 777 and 787s, as well the v- 22s and chinoo chinooks. the landing gears, gears and brakes, air cells and safran engineering as well as power distribution capabilities continue that long that digs ra providing key support. they include things as diverse as global supply and support, future combat systems, joint strike fighter, air traffic management system. dennis as career has spanned everything from basic engineering to program management and leadership and now in his senior executive position as well as the board membership. it's with a distinct pleasure and honor that i introduce to you dennis

i've had the opportunity to work now for boeing for about 26 years. i spent a good amount of that time working on the commercial tide of our business. i worked in the 2000 time frame to head up engineering and program management for boeing's air traffic management modernization work. that's the place i met many of you. and it's so good to reconnect with many of you today. and that air traffic management area is one area that i'll delve into in a little more detail. but i think it's important to recognize that i not only have an appreciation for those challenges, but i think we see a lot of common challenges in a lot of common interest areas between defense and commercial. in fact, many of the technologies that made air travel possible, things like radar and gps had the origination in defense programs and transitioned to commercial. what do we need to do to make that a reality. the seconds topic around cyber security. and the threats to the network that we rely on and collectively things we can rely on there. thirdly, how do we remove biofuels from tod

why did you leave boeing, he asked?this is an opportunity for me to help an american icon, mulally replied. at least one person rolled their eyes. ford senior executives were products of a cutthroat corporate culture. they were customed to smiling at the new king even as they plotted his demise. mulally's very presence testified to the fact that bill ford had lost all confidence in his own management team. it did not take long for someone to note that mulally knew nothing about the automobile industry. we appreciate you coming here from a company like boeing, but you've got to realize that this is a very, very cap capital-intensive business, ford's chief technical officer, richard perry jones. the average car is made up of thousands of different parts, and they have to work together flawlessly. that's really interesting, mulally replied with a smile. the typical passenger jet has four million parts, and if just one of them fails, the whole thing falls out of the sky, so i feel pretty comfortable with this. that shut the

as the head of the boeing co. commercial airplanes group, alan mullally spent the last 10 years and enough one disaster after another while somehow managing to transform his divisive culture into a model corporate collaboration spirit under his leadership going survived an unrelenting assault by europe's airbus industry coming difficult merger with rival mcdonnell douglas in the collapse of sales that followed the terrorist attacks on new york and washington d.c. in 2001. mullally turned what would've been a fatal blow to the aerospace giant into an opportunity to fundamentally transform the me into the elite are more profitable enterprise rebate 2006 points commercial jet division was on its way to record sales, revenue and earnings. mullally credited to working together any other and many many of his principles from ford motor company. mullally success at all in the starting making him something of a corporate celebrity, but he hardly acted the part. it looks like an older version of ricky cottingham come with p

we had a pleasure of working together for boeing. very good to see all you and lots of other friends and familiar faces here in the audience. well, you may be wondering why the leader of boeing's defense business is here today. given that this is often a commercially focused summit. and don't worry, i'm not here to necessarily ask for your help on the defense budget which has its own challenges these days. although, if you'd like, i'd be happy to take any questions on that a little later. but i'm really here today to talk about where we see some very key and important inte

it's a no brain, a fantastic week and you didn't mention boeing, they shoo shook down boeing and unions, great weeks for them. >> because i forgot boeing, it doesn't have to reminds me. >> and you know what, and it's-- (laughter) >> a little over yourself, here, okay? and the show is for now-- >> and the unions, but not cavuto. >> exactly. but, adam what do you make of not only the broadside here, but on this issue, a good week for unions, we were flexing them big time. >> well, i think this is what journalists call a dog bites man story. this is exactly what it is next, it's not a surprise that the president is close with labor unions, and nor is it toward for labor unions to get to-- >> adam in the that case, they've already committed 400 million dollars to the president's reelection efforts, right and now the president goes back to them and in convention 2, come on, now you're getting a little, a little-- >> but in all seriousness, any special interest, any special interest group, right, left, center, martian, you know, enforces its votes according to its interest. >> if boeing picke

boeing gets to by douglas, go manufacturers to one. when the engine manufacturers get together they do a joint ventures so we only have one engine choice. there is consolidation all around the industry. all these people have 8% nortons are margins. -- 8% or 10% margins. we got this done. if you look back and all the prognosticators, they proposed a from mergers and the get the data, they will tell you this is a super competitive industry and will remain for a number of reasons. we have the ease of entry. nonstops can pete perfectly. we still have antitrust analysis. it is the same methodology, at the same work. even now we have three different networks. there are different forms of distribution. it is a different world then where we were 30 or 40 years ago. we ought to have a worldwide scheduling died. we should have a much different view of competition policy. our competitors certainly are around the world. china has three major airlines. europe has three major airlines. latin america as quickly going down to two major airlines. as yo

the goal is to have 10 assembled each month and boeing plans -- at boeing plants by the end of 2013. if you're shopping these days and logging onto the computer, you want to hunt down the best deal. with such competition, which retail stores can best buy do to keep the customers coming in. >>> also you'll find soy in milk, cheese and toif you, the ways it could be used and the way you could be getting it to your meal. >>> we'll show you the newest cutie coming up. we'll tell you about that in a second. >>> let's go over to lynette. what are you laughing about? >> i'll tell you later. >>> four inches of some rainfall. i'll tell you when the next best chance for rain is coming up. you know chase freedom gives you 5% cash back at grocery stores this quarter. thank you. happy shopping! activate your 5 percent cash back at chase.com/freedom. and now, new cardmembers get 100 dollars bonus cash back after they spend 500 dollars within the first three months. visit chase.com/freedom or your local branch today. softens the enamel so it can potentially erode. once that enamel is gone, it's gon

airplane maker boeing helped the dow industrial index take flight today. stronger sales of planes fueled by a strong first quarter. earnings were much better than anticipated, and so were revenues. boeing was successful by increasing its production of airlines to help meet higher global demand. so, the stock pped $77 per share, their highest since may. volume more than tripled. boeing is confident enough in its prospects that it increased its financial forcast for the full year. boeing has been able to increase its production of its new dreamliner 787. meantime, caterpillar was digging a bit of a hole with its stock price today, falling more than 4.5%. volume more than doubled on the sell-off. it was a negative reaction after first quarter earnings were better than forecast thanks to a double-digit increase in construction and mining sales last quarter. but growth has been slowing in latin america and europe. farm fertilizer maker mosaic has good news for shareholders today: sales are growing more than expected. that sent the stock up more than 5%. the com

boeing hasn't boeing hasn't done lagged the others. lagged the others. if boeing even whisp if boeing even whispers a slippage, that stock slippage, that stock will indeed hurt the trust, for hurt the trust, for certain. go down below 70. go down below 70. but if all is well, but if all is well, i say the stock going into $ stock going into $76 pretty quickly, maybe eve quickly, maybe even higher. as for as for caterpi in the morning. in the morning. we had ppg on the sh we had ppg on the show yesterday, and the yesterday, and the ceo talked about how constructio about how construction is coming back in this countr back in this country. china on the other china on the other hand seem weaker. weaker. the situation is no the situation is not as robust as i would like. as i would like. while the stock ha while the stock has come down, i don't want to take a don't want to take a swig. i would rather just i would rather just listen. if this if this stock were up where was, believe was, believe me to sell it. to sell it. we get results we get results worldwide

a key supplier to boeing suffering a direct hit. the stock of boeing is down today. phil lebeau is in chicago with the latest. phil. >> and, sue, it's a day of going through all of the debris at spirit arrow systems in wichita and figuring out how long will it take before the fuselage maker is able to get systems back up and running. it may take time. they have suspended operations in wichita through tuesday. they do say the manufacturing capabilities inside those plants appear to be in tact. that's certainly good news. what they're checking now the structural integrity of the buildings. they still don't have electricity in that part of the city. it's going to take a while before they get everything up and running. they make nine fuselages a week that they're shipping to boeing in seattle. those are 737 fuselages. they head out there every week. and a 737, that's the meat and potatoes plane for boeing. they make 35-737 per month at boeing. they have orders for about 2,600 in the backlog. that's a backlog of 3.2 years. naturally the question is how much might we see p

and companies like boeing, our talent is not only in the u.s. we do have major operations around the globe and in many cases engineers from other countries that support those operations. so i think that's important for the future. but, again, let's not interpret that as a win-lose situation. we build the right kind of partnerships and build the right works and right talent pipeline, we're going to build more work and u.s. in the u.s. while we're also building talent around the globe. that is very doable, as long as we set our mind to it. one more question. another one in the back there. >> there's one right down there. >> right here. okay. >> you mentioned the importance of buy yof fuels a of biofuels and the commitment of that. we have this concern that now a number of strong defenders of defense readiness up on the hill don't believe in the aviation biofuel story. i won't name names right now but you probably know them, too. what can we do to turn that around and reconvince them that it's important for u.s. energy security, military security a

it has worked for boeing. and i'm happy because boeing is based in chicago. it has worked for caterpillar, an illinois-based company. it has worked for john deere, another illinois-based company. lit now be our strategy to make it work for all the manufacturers, the 100,000 that have 500 or less employees in the chicago area and now have an export strategy that's beyond either zero or 100. and to see -- take the capabilities of ex-im, the marketing strategy and have this city/state function with ex-im so chicago can move up to the proper ranks of having an export-based economy using all its natural assets of people, skills, and technology to gain greater market share. thank you very much. >>> here's a look at the c-span networks today. on c-span live at 12:00 p.m. eastern, the brady center holds a news conference on how to prevent gun violence. victims of gun violence from across the u.s. are expected to speak. coming up on c-span2 live at 1:00 p.m., a look at america's tax policy, an event hosted by americans for tax reform. grover norquist is one toffee chu

they credit the crew for keeping everyone calm and landing that boeing 747. >> delta 1063 has had an engine flail you are on the right engine due to a bird stripe. >> you're just going to go in visually. >> delta 1063 that would be great. just to to let you know our stats, we have 179 souls on board. >> reporter: the majority of bird strikes take place at a low altitude of 500 feet or less.

boeing and caterpillar will control the action.e know from honeywell and alcoa, two key boeing suppliers, the aerospace is red-hot. boeing hasn't done well, it's lagged the others. if boeing even whispers a slippage, that stock will indeed hurt the trust, for certain. go down below 70. but if all is well, i say the stock going into $76 pretty quickly, maybe even higher. as for caterpillar, they report in the morning. we had ppg on the show yesterday, and the ceo talked about how construction is coming back in this country. china on the other hand seems weaker. the situation is not as robust as i would like. while the stock has come down, i don't want to take a swig. i would rather just listen. if this stock were up where it was, believe me i would tell you to sell it. we get results from wyndham worldwide. there's a lot of companies that i didn't include in this, because of the space, but this is the kind of thing i have to talk about. this is a sleeper stock that keeps blowing away the numbers. one of the best performers of our er

it left florida two hours ago attached to this boeing 747. it will replace the test shuttle enterprise at the smithsonian. john zarrella is at the kennedy space center. there was pomp and circumstance. a lot of people waving farewell? >> reporter: absolutely. they had bus loads of nasa employees, many who had worked for years in the space shuttle program who were here to watch "discovery" head off to dulles. the final crew that flew "discovery" back in february, 14 months ago, they as well were on hand to say good-bye. it was a spectacular moment. "discovery" lifting off here. it flew down the coast along the beach and then circled back up and flew over launch pad 39-a where it lifted off so many times in the past and then made one last flyover right behind us. just a couple hundred feet off the deck on the back of that 747 and headed due north into just clear, blue skies. it's interesting, carol. as "discovery"y is exiting and other two shuttles not far behind it, in a couple weeks to our south, a commercial company is going to try to take t

as a boeing 76 7 full of paermgs and fuel? so we had to go circle back around around get the cargo pilots reinserted into that. it also required a three-month deadline for initiating the program. but the tsa actually took five months. in all the meetings that we had with the tsa administration helping them try to design this program they complained. in fact, the new administrator of tsa complained in one of our meetings he said we have such a short notice here. we only have three months. admiral, you've actually had 15 months. you decided not to create this program. they also refused to accept a database that we handed to them with 10,000 volunteer pilots on a cd that could have got them started contacting pilots and putting them into the program right away. they refused to accept it. they also refused to accept a program outline that we developed in concert with the fbi. some agents in the fbi that had designed a cockpit protection program. they didn't want to have anything to do with that. we also started a professional stan

to the situation with boeing. we continue to see him bully us on the fronts.ing him bully the supreme court. he is bullying republicans and scolding republicans in congress for their budget. he now thinks that bullying is his way into reelection. it's not going to happen. it's not going to work. he is now getting desperate on the fact that he has had a term to lead. he came in on hope and change. it hasn't worked. so now he thinks scaring the american public is the way to get reelected. >> let me go back to the national labor relations board versus boeing and south carolina. yeah, those guys bullied you, no question about it. but who won, that governor haley? some people say the nlrb deal basically benefitted the state of washington. they got the jobs and south carolina didn't. >> i will tell you this. that we had a great american economy in boeing, created a thousand jobs in south carolina. at the same time, expanded 2,000 jobs in washington state. not one person was hurt. when president obama and the national labor relations board sued boeing, we fought back

and companies like boeing, our town is not only in the u.s. we do have major operations around the globe and in many cases engineers from other countries to support those operations. so i think that's important for the future. but again let's not interpret that as a win-lose situation. we built the right kind of partnerships and built the right kind of talent pipe on we will create more engineers in the u.s. and more jobs in the u.s. while we are also building talent around the globe. that is very doable as long as we set our mind to it. >> one more question. another one in the back. >> there's one right down here. >> you mentioned the importance of biofuels and the commitment that the military has made to fit. and as you know, we work with boeing and cofounder a lot of the coalition's out there to promote this. we have this concern, right, that now a number of strong defenders of defense readiness up on the hill don't believe in the aviation biofuels story. i won't name names right now, but you probably know them, too. what can we do to turn

we'll hear from executives with boeing, delta airline, and other representatives of the aviation industry. also coming up live at 2:30 this afternoon on c-span, afghanistan's defense and interior ministers speak at the center for strategic and international studies. they'll talk about their countries' partnership with the u.s. and later tonight here on c-span3, american history tv looks at the battle of hampton roads at civil war naval flick, also known as the battle of the monitor and merrimac, the first-time combat between ironclad warships. american history tv, tonight at 8:00 eastern here on c-span3. >>> i walked out after the iowa caucus victory and said, game on. i know a lot of folks are going to write, maybe even those at the white house, game over. but this game is a long, long, long, long way from over. we'll continue to fight and make sure we defeat president barack obama, that we win the house back, and that we take the united states senate, and we stand for the values that make us americans, that make us the greatest country in the history of the world, that shining city on t

discovery riding piggy-back, atop a boeing 747 did a low pass by dulles airport. rather than land, it kept going, doing low flyover along the potomac river before returning to dulles, its final landing now something for the history books. >> that was fantastic. i can't believe it flew right over us. it was the most amazing experience. >> it was like why the there, it was amazing. it was, there was nothing else to say. it was like right there. and it was right above you. >> and you're taking a live look now at shuttle discovery there on the runway at dulles international airport. the landing picture perfect, everything went very, very smoothly. and now basically what they're going to do is take it to an area of the airport where they can begin to work on it. so that they can decouple the shuttle from the boeing 747 that it sits atop of right now. that's a laborious process, they have 50 tractor-trailers, big trucks filled with equipment. they have all kinds of personnel here which are going to begin the process we're told sometime wednesday evening. once they detac

and is hitting a ride on top of the boeing 747 jets.hey have taken a stand around the washington d.c. area. there are 1,500 ft. above ground and about to land any moment. thiefs for it will then get towed to its permanent installation at the smithsonian amex in northern virginia. i will be back with an update and a few minutes. >>darya: another developing story we are following, the latest in a search for sierra lamar, the teenager disappeared on march 16th in morgan hill. a couple days later her cell phone and a purse or found. the results are now back from the laboratory analysis of those items. will tran is live in morgan hill. we have been trying to get more information on what they found from that evidence and how it has pointed them back to this reservoir. >>will: the evidence came back late yesterday afternoon. they are not going into the results but the fact is they are not saying anything so that leads me to believe there could the new break in the case. and about 2 1/2 hours they should be back out here. you can see how remote

boeing reports a sharp rise in first quarter earnings.he aircraft builder said it had better than expected sales. that boosted boeings profits by 58% to $923 million for the quarter. boeing shares up more than 2% after the company raised its annual profit forecast. that should help out the dow this morning. >>> 6:21. going way it on a ledge -- way out on a ledge to check in on baby falcon. now we know if it's a boy or girl. >> she was one of my soldiers. i taught her how to be a helicopter mechanic. >> they have been in love ever since. >> if you are driving on 680 that traffic looks good. [ man ] did we get anything good? sweetie i think you need a little extra fiber in your diet. fiber makes me sad. oh common. i dare you to taste one hint of fiber in fiber one. oh, i'd be able to tell. why don't i just eat this bag? and how can you talk to me about fiber when you are eating a candybar. you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. >>> traffic is moving along relatively well. once on the bridge it looks go

. >> corporate funding is also provided by boeing, norfolk southern. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator again. gwen: good evening. rick santorum is out. newt gingrich and ron paul inexplicably are still in. but all that matters now is mitt romney and barack obama racing to define the other as a man you do not want to be president. romney made his case today in st. louis at the national rifle association convention. >> the truth is we're struggling because our government is too big, not because of our stimulus being too small. i'm running for president because i have the experience and vision to get us out of this mess. gwen: the president spent his week pushing for the buffett rule, which would raise taxes on the nation's well-yest, which is something he thought ronald reagan would have supported. >> he thought the wealthiest should pay their fair share and he said so wha

great for boeing, i think up 20% the end of the year. >> brenda: gary b. bull or bear on that. >> i think bear at this point. >> brenda: you know what's ready to take off? cavuto. all right. >> . >> neil: forget about the gsa scandal, the government's scandal for taxpayers. hello i'm charles payne in for neil cavuto and 823,000 blown by the gsa in vegas, chump change. and dimming the lights on 2000 jobs after 16 million in tax break and the $60 light bulb and the government paid the company 10 million to make them. the president's doubling down. >> i want clean energy to happen here in the united states. it's time for us to double down on clean energy that has never been more promising. >> it's the right way for us to put people to work, right now. >> and sound like someone's chasing a bad hand where we all end up busted. >> amilya and start with you, we're doubling down and tripling down. >> scares the heck out of me, he's picking the company that the private sector passed on over and over again, and why? because it doesn't work, but he's going to foot th

so boeing gains? you gain?bet the system spent less money 'cause you never had to get really major surgery? haven't gone to the hospital. and at the end of the project, boeing actually saved 20 percent in costs. this was not bending the cost curve, this was saving money. this is what the big buzz word for this is medical home, a place where ey understand yound know all your problems and can deal with them before they get serious. that's what you were in. does that sound right? i just know that i had jolene rogers and my doctors and they were very helpful. so you're jolene? i am. gosh, we met a fan of yours today, one of your patients, he totally loved the work you did. but you are not a doctor? i am not a doctor. so what did you do for charles? well, i'm a nurse care manager. so what we did, we coordinate their care, we help direct the patient to the right care at the right time. we ended up avoiding a lot of er visits, a lot of unnecessary hospitalizations, maybe some unnecessary hospital stays. yeah. could ot

>> boeing is a buck 22. >> clean number beat by a mile.an a billion numbers. 19.4 billion. now they are talking about 2012 earnings for share guidance. they are increasing it to 4.15 to 4.35. the street is at 4.47. i don't know what is going on with that. reduction in litigation related reserves. i'm sure it's medically matched. again, those the revenue came in at 19.3 billion. they also talk about their backlog. it rose to a record $380 billion when you include 42 billion of new orders that are in that number. >> enough on caterpillar now. 237 versus 213 which looks good. how is caterpillar act. now in the press release caterpillar said they were raising guidance for 2012. i want to see if their guidance is actually above. >> bid ask is a little below. >> 9.54 is where the street is now. let's see. they say they are raising their fwidance. first quarter sales of 15.98. that looks a little bit below expectations, which was 16.2 for caterpillar at this point. that was a little bit below. they see 2012 at 9.50. they are calling that a raise

you say that you're like boeing.ion they change a 747, 757, but you got to maintain the old boeings and introduce new boeings. why is that a better analogy than microsoft way? >> pick a big customer, the new york stock exchange. when they spend millions building a trading platform, they want to make sure five or ten years from now they don't have to change the underlying operating system. this they do, they'll have to change their trading platform. we offer multiple versions against our software to make sure people can can run the big platforms for dozens of years. so it's a big, big, big source of value and it's very sticky to our big customers. that's a key source. the other source is we're taking that same model and expanding into other areas. data is exploding. we've entered the storage market with a disrupt of storage platform very similar to lenox. and that market is growing dramatically as people are storing more video, more audio and so we have multiple revenue streams like that that we can do the same thing

i was for 18 and a half years, a member of the boeing board of dr directors. the president has been very, very supportive of the u.s. aviation and when i do the tours that i do around the world, i am again and again and again espousing u.s. aviation. component, parts -- >> i appreciate that. >> it's what i do. >> i appreciate that. it's incredibly important industry. one of our largest export industries. he may be supportive of it, but the things he says when he speaks and his notion that we should increase user fees and he wants to increase taxes are inconsistent with your statement that he is supportive of that, so anything you can do to help make sure that folks want to use these as business tools, they're very efficient, they're a great product and we make them here in the united states of america. i want to turn to a second topic. you said you go out to a lot of manufacturers. i was a manufacturer for a few years before i came here. when you ask them the things that restrict their ability to create and grow jobs and they list the top three or four, do any

. >> around the globe, the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> corporate funding is also provided by -- norfolk southern, at&t, rethink possible. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to pbs stations from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. i suppose there are one or two of you out there who are still at the edge of your seat, waiting for the general election to officially begin. wait no more, because this week offered no-looking-back evidence that barack obama and mitt romney are in their corners, and the bell just rang. the fight, as well outline tonight, will be about policy as well as politics. example number one -- the president this week challenged republicans to extend low interest rates for a college loan program. romney said yes, they should be kept low. but for congressional republicans, there was a catch. the house voted today for the extension, but only if

what was once a thousand employees in boeing is now 6,000 employees for boeing, and those big planes are preparing to roll out on the runway this spring. that's what america developed. when we move out of the way and let the private sector work. >> when you move ahead to 2011, and your decision early on to endorse romney, it's clear in the book that governor romney endorsed you early. he's somebody whom you have a lot of respect, and there was a decision that was controversial, and particularly among the tea party. six supporters of yours, not all were picking to support him. talk about how you made the decision and how you felt about the criticism that came from your supporters. >> a lot of it was that i knew i needed a partner in the white house. what i knew is right now i didn't have it. i knew i couldn't do the will of the people, and i tried to think what i wanted, and michael and i sat down to think how we would decide who the person would be. we had so many candidates. i did a report card on the legislators. i let the public know how they voted and get the report card go out.

prudential. >> corporate funding is also provided by boeing. norfolk southern. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to pbs stations from viewers like you. thank you. >> trusted.