Stock News_The United States and Boeing have won a significant victory over the European Airbus consortium in a trade ruling that found European governments at fault for giving illegal subsidies to Airbus. These subsidies cost the United States jobs and exports.
But big questions remain unanswered. How they are resolved will determine whether the findings by a panel of the World Trade Organization will actually level the playing field for Boeing.
Airbus has promised to appeal the findings, the next-to-last stage in a complaint filed by the U.S. government in 2004. The gist of that complaint was that since 1969 European governments have provided some $20 billion in subsidized loans to Airbus in a deliberate effort to take sales away from Boeing. (via postandcourier.com)
In addition. Boeing announces Argon acquisition. Aerospace giant Boeing is to acquire Argon ST, a developer of command, control, communications, computers, combat, intelligence, surveillance and reconnaissance (C5ISR) systems, for approximately $775m (£510m).