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 Co    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CET

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
jessica.m.kowal@boeing.com 

Lisa Ramsperger
ORACLE TEAM USA Communications
+1 415-539-6114
LRamsperger@oracleteamusa.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING CO
03:35aDJPostelection Rally Lifts Stocks to New Heights
02:16a BOEING : WGS-8 Satellite Nearly Doubles Bandwidth for Military Users
12/07DJShell Signs Preliminary Iran Oil Deal Despite Trump Doubts
12/07 BOEING : Ukrainian aircraft maker tweets Air Force One offer to Trump
12/07DJBOEING : Trump Says He Will Personally Negotiate Air Force One Price With Boeing..
12/07DJBOEING : Trump Says He Will Personally Negotiate Air Force One Price With Boeing
12/07 BOEING : MILITARY $72,655 Federal Contract Awarded to Boeing
12/07 BOEING : MILITARY $59,092 Federal Contract Awarded to Boeing
12/07 BOEING : MILITARY $4.51 Million Federal Contract Awarded to Boeing
12/07 BOEING : MILITARY $2.95 Million Federal Contract Awarded to Boeing
More news
Sector news : Commercial Aircraft Manufacturing
05:46aDJUNITED TECHNOLOGIES : Trump Attacks Carrier Union Leader
12:51a Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico
12/07DJShell Signs Preliminary Iran Oil Deal Despite Trump Doubts
12/07DJPlane Crashes in Pakistan With 48 on Board
12/06 Statoil drops Airbus Super Puma helicopters for good
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
12/07 Trump will 'work it out' with Boeing, sees markets going up
12/07 Can Under Armour Catch Nike? - A Rangeley Capital Discussion
12/07 Boeing - Another 50% Gain Flying Under The Radar?
12/07 Visa Leads Dogs Of The Dow For November Upside, But Trails By Yield
12/07 Are Analysts' Long-Term Estimates The Key To Success?
Advertisement
Financials ($)
Sales 2016 94 376 M
EBIT 2016 5 754 M
Net income 2016 4 691 M
Debt 2016 457 M
Yield 2016 2,81%
P/E ratio 2016 20,79
P/E ratio 2017 15,93
EV / Sales 2016 1,01x
EV / Sales 2017 1,02x
Capitalization 95 130 M
More Financials
Chart BOEING CO
Duration : Period :
Boeing Co Technical Analysis Chart | BA | US0970231058 | 4-Traders
Full-screen chart
Technical analysis trends BOEING CO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 152 $
Spread / Average Target -1,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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 CO6.60%95 130
TEXTRON INC.15.31%13 089
DASSAULT AVIATION-9.10%10 332
AVICHINA INDUSTRY & TE..-11.89%4 163
AVIC HELICOPTER CO LTD-13.20%3 942
EMBRAER SA-45.22%3 693
More Results