Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Co    BA

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
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.

# # #


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
Latest news on BOEING CO
08:41p BOEING : Federal Contracts Awarded to Companies in Alabama (May 23)
08:41p BOEING : Federal Contracts Awarded by Federal Agencies in Alabama (May 23)
08:41p BOEING : Federal Contracts Awarded to Companies in Missouri (May 23)
08:41p BOEING : Federal Contracts Awarded to Companies in Pennsylvania (May 23)
08:32p Ryanair says wants to take Alitalia routes, not buy airline
08:06p BOEING : Wins $58.6 Million Contract for Missile Interception Technology
02:09p PRESOLICITATION NOTICE - 1560; PANEL : 56f; wsic: l
02:09p BOEING : Presolicitation Notice - STRAP ASSEMBLY,FAIR
02:08p BOEING : Presolicitation Notice - Panel, Structural, AI
01:57pDJAIRBUS : China and Russia Take on Airbus and Boeing With New Plane
More news
Sector news : Commercial Aircraft Manufacturing
01:57pDJAIRBUS : China and Russia Take on Airbus and Boeing With New Plane
08:48aDJAIRBUS : Establishes Ethics Review Panel -- WSJ
06:56aDJHoneywell to Decide on Aerospace Spinoff by the Fall
05/22DJAIRBUS : Sets Up New Group to Review Compliance Amid Corruption Probes--Update
05/22 Airbus hires outside monitors amid fraud investigations
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
05/22 TOP MARKET NEWS : What Happened In Investing Today
05/22 GENERAL ELECTRIC : Swiftly Back Up To $30?
05/22 L3 Technologies To Acquire Open Water Power For Underwater Energy Tech
05/22 Boeing eyes potential widebody jet sale to Saudi airline
05/22 China, Russia aim to deliver big jets by 2027
Financials ($)
Sales 2017 91 951 M
EBIT 2017 9 124 M
Net income 2017 6 385 M
Debt 2017 1 492 M
Yield 2017 3,06%
P/E ratio 2017 17,51
P/E ratio 2018 16,33
EV / Sales 2017 1,22x
EV / Sales 2018 1,20x
Capitalization 110 860 M
More Financials
Duration : Period :
Boeing Co Technical Analysis Chart | BA | US0970231058 | 4-Traders
Full-screen chart
Technical analysis trends BOEING CO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 189 $
Spread / Average Target 3,0%
Consensus details
EPS Revisions
More Estimates Revisions
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Gregory D. Smith Chief Financial Officer & Executive Vice President
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Kenneth M. Duberstein Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOEING CO17.98%110 860
AIRBUS GROUP17.38%63 248
More Results