Boeing Still in the Cross Hairs

Congress has more questions about the corporation's military contracts

The sudden ouster of Harry Stonecipher as CEO of Boeing for having an affair with an employee was just the latest blow to the aerospace giant, whose previous CEO, Phil Condit, resigned 18 months ago in an Air Force contracting scandal. But the nation's second biggest defense contractor may have more worries ahead. In the cross hairs this week is a $120 billion Army contract, managed by Boeing, that would enable computer-equipped soldiers on the ground to see and fight the enemy with satellites, unmanned vehicles and futuristic weapons. Senator John McCain of Arizona will hold hearings this week to determine...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!