Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

The Boeing Company : Boeing, ORACLE TEAM USA Partner to Recycle Composites in America’s Cup-Class Yacht

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/14/2013 | 11:04pm CEST

7,000 lbs. of composites to be recycled using techniques created for 787 Dreamliner

Use and recycling of composites reduces environmental footprint of aircraft, yachts

SAN FRANCISCO, Oct. 14, 2013 - Boeing [NYSE: BA] and ORACLE TEAM USA, winner of the 34th America's Cup, are collaborating to recycle 7,000 pounds (about 3,175 kilograms) of carbon fiber of USA-71, a yacht built for the America's Cup campaign in 2003. The hull and mast of the racing yacht will be processed and repurposed, a first-of-its-kind effort for what will likely be the largest carbon structure ever recycled.

Boeing and ORACLE TEAM USA, working with research partners, will utilize a technique developed to recycle composite materials from Boeing's 787 Dreamliner, which is 50 percent composite by weight and 20 percent more fuel-efficient than similarly sized aircraft. Composite materials allow a lighter, simpler structure, which increases efficiency, and do not fatigue or corrode. In yachts, composite construction also provides the ability to develop a lighter vessel that is stronger and stiffer at the same time.

"The introduction of composites in yacht construction was a major step in our sport. The materials and processes have continued to evolve, allowing us to build the high-tech, high-speed AC72 catamarans raced in this year's America's Cup," said Chris Sitzenstock, ORACLE TEAM USA logistics. "Now, we have the ability to work with Boeing to take the next steps in composite recycling, and to help reduce our environmental footprint. We will also look to recycle carbon components remaining from the build of our yachts."

"Boeing leads the commercial aviation industry in increasing the use and recycling of composites to improve aircraft fuel efficiency and reduce greenhouse gas emissions," said Billy Glover, Boeing Commercial Airplanes vice president of market strategy. "We are very pleased now to work with ORACLE TEAM USA, which transformed the science of sailing to win the America's Cup, to advance sustainability and the science of composite recycling."

Boeing and ORACLE TEAM USA will work with the University of Nottingham in the United Kingdom and MIT-RCF, a South Carolina company specializing in repurposing carbon fiber components. In 2006 Boeing began collaborating with the University of Nottingham on carbon fiber recycling and they continue to work on recycling processes and technology to process the recycled fiber into new applications.

USA-71's hull will be cut into 4-foot sections and the mast will be chopped into manageable pieces before it is processed; about 75 percent of the recycled composites will come from the hull and the remaining 25 percent from the mast.

Boeing and ORACLE TEAM USA expect to gather data about the mechanical properties, costs and time flows to recycle sailing-grade composite materials in comparison to aerospace-grade and automobile-grade composites. Although the companies have not determined the post-recycling use of the yacht's carbon fiber, potential end uses include consumer and industrial products.

# # #

Contact:

Jessica Kowal
Boeing Commercial Airplanes Environment Communications
+1 206-660-6849
[email protected] 

Lisa Ramsperger
ORACLE TEAM USA Communications
+1 415-539-6114
[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
02:05p BOEING : Iran’s Qeshm Air to buy 10 Boeing passenger planes
12:25p Omni-Lite Industries Discusses Work in the Titanium Field and Recent News in ..
11:21a BOEING : Kawasaki Heavy Industries collaborate to win in the marketplace
06/23 Business briefs
06/23 BOEING : Federal Contracts Awarded to Companies in Arizona (June 23)
06/23 BOEING : Federal Contracts Awarded to Companies in Missouri (June 23)
06/23 BOEING : Federal Contracts Awarded to Companies in Washington (June 23)
06/23 BOEING : Airbus to sell 73 planes to Iranian airlines
06/23 BOEING : to Release Second-Quarter Results on July 26
06/23 BOEING : Layoffs announced for first time at Boeing's 787 Dreamliner campus, oth..
More news
Sector news : Commercial Aircraft Manufacturing
06/23DJBOEING : Is Top Seller at Paris Air Show -- WSJ
06/23 ELBIT : says innovation key to crowded drone market
06/22 AIRBUS' : Leahy reveals negotiating tricks after 'last air show'
06/22DJBOEING : Outsells Rivals at Paris Air Show -- Update
06/22 Two Iranian airlines plan to buy 73 Airbus jets
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
06/23 LOCKHEED MARTIN : An American Icon
06/23 What Should Retirees Do During A Bear Market?
06/23 WALL STREET BREAKFAST : Brace For The Russell Reconstitution
06/23 DAY 4 AT PARIS AIR SHOW : Boeing Signs With Major Airline, Airbus Parties With I..
06/22 What I Missed At The Paris Air Show
Advertisement
Financials ($)
Sales 2017 91 961 M
EBIT 2017 9 129 M
Net income 2017 6 387 M
Debt 2017 1 498 M
Yield 2017 2,78%
P/E ratio 2017 19,27
P/E ratio 2018 17,88
EV / Sales 2017 1,34x
EV / Sales 2018 1,32x
Capitalization 122 062 M
More Financials
Chart BOEING COMPANY (THE)
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Full-screen chart
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 193 $
Spread / Average Target -4,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith Chief Financial Officer & Executive Vice President
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)29.90%122 062
UNITED TECHNOLOGIES CO..11.49%97 926
LOCKHEED MARTIN CORPOR..12.28%81 336
AIRBUS SE20.46%65 563
GENERAL DYNAMICS16.60%60 735
RAYTHEON14.34%47 259
More Results