Boeing (BA)

The president of Sea Launch Co. says he expects Boeing to drop all or most of its ownership of the satellite-launching business.
Kjell Karlsen heads Long Beach, Calif.-based Sea Launch, which filed for bankruptcy protection in June. He said in Thursday's Los Angeles Times that he doesn't expect Boeing to commit any more capital but the aerospace giant is likely to continue as a supplier. Boeing Co. spokesman Joe Tedino declined to speculate on the company's future with Sea Launch. Chicago-based Boeing owns 40 percent of the company.

Nov 12 · 3:04:00 PM · Source: Forbes
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by Michael Oliveto