Boeing Teams With Canadian Firm to Build Heavy-Lift Rotorcraft

ST. LOUIS, July 8, 2008 – The Boeing Company [NYSE: BA] and SkyHook International Inc. today announced a teaming agreement to develop the JHL-40 (Jess Heavy Lifter), a new commercial heavy-lift rotorcraft designed to address the limitations and expense of transporting equipment and materials in remote regions. Boeing has received the first increment of a multiyear contract from SkyHook to develop the new aircraft. “SkyHook secured the patent for this neutrally buoyant aircraft and approached Boeing with the opportunity to develop and build the system,” said Pat Donnelly, director of Advanced Rotorcraft Systems for Boeing. “We conducted a feasibility study and decided this opportunity is a perfect fit for Advanced Systems’ technical capabilities.”

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Kraft Goes Green with Underground Facility

“Kraft Foods today marked the opening of a 400,000-square-foot warehouse in Springfield Underground that will serve as a central distribution hub for the food manufacturer.

The facility, 3610 E. Kearney St., was built-to-suit by owner Springfield Underground, according to a news release. Westerville, Ohio-based Exel staffs the center with 91 employees who provide inbound and outbound services including storage of finished goods, order picking and fulfillment.

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