The article below from NYTimes.com has been sent to you by psa188@xxxxxxxxx /--------- E-mail Sponsored by Fox Searchlight ------------\ THE CLEARING - IN THEATERS JULY 2 - WATCH THE TRAILER NOW An official selection of the 2004 Sundance Film Festival, THE CLEARING stars ROBERT REDFORD and HELEN MIRREN as Wayne and Eileen Hayes - a husband and wife living the American Dream. Together they've raised two children and struggled to build a successful business from the ground up. But there have been sacrifices along the way. When Wayne is kidnapped by an ordinary man, Arnold Mack (WILLEM DAFOE), and held for ransom in a remote forest, the couple's world is turned inside out. Watch the trailer at: http://www.foxsearchlight.com/theclearing/index_nyt.html \----------------------------------------------------------/ Boeing Awards Engine Contract to G.E. and Rolls-Royce April 7, 2004 By BLOOMBERG NEWS By Bloomberg News The Boeing Company announced yesterday that it had selected the General Electric Company and Rolls-Royce Group P.L.C. to supply engines for the new 7E7 aircraft. The two companies beat out Pratt & Whitney, part of the United Technologies Corporation, for a contract estimated to be worth as much as $40 billion over 25 years. "G.E. probably had an interest in putting an eight-inch nail in the coffin of Pratt & Whitney's large aircraft engine business," said Brian James, an analyst at Loomis Sayles in Boston, which owns more than 4 million General Electric shares and about 9,000 United Technologies shares. "This is the last opportunity to produce a new model or family of engine models for a decade." Boeing is counting on the 7E7, designed to use 20 percent less fuel than similar-sized planes, to win back market share from Airbus S.A., which last year surpassed it to become the world's No. 1 commercial aircraft maker. "It was a very, very difficult decision for us to make, and quite frankly a very close decision," said Michael Bair, a senior vice president and head of the 7E7 program. Engines for the model size of the twin-engine 7E7 would cost about $10 million each, based on list prices for engines that power the 767 and 757 models, which the 7E7 is intended to replace. New engine development can cost more than $1 billion over several years. Boeing is planning three versions of the 7E7: a short-range plane called the 7E7-3, with a typical seating arrangement for 289 passengers and a range of 4,025 miles; a longer-range aircraft called the 7E7-8, with a range of 9,775 miles and 217 seats; and the so-called stretch version called the 7E7-9, with 257 seats and about the same range as the 7E7-8, Mr. Bair said. Pratt & Whitney's president, Louis Chenevert, said that the company was disappointed. The Pratt engine "was the only all-new engine," with "an extremely competitive and creative business proposal," he said. Mr. Chenevert said last month that the company, including partners, would spend as much as $1.5 billion to develop its engine. General Electric spends about $1 billion a year in engine development for several models at a time. General Electric and Rolls-Royce were developing engines based on new technology and current engine designs. At General Electric, the engine will be derived from the GE90 developed to power the long-range models of the 777. At Rolls-Royce, the engine will be an upgrade of the Trent series. General Electric, based in Fairfield, Conn., is the world's biggest maker of jet engines, followed by London-based Rolls-Royce and Pratt & Whitney, whose parent company is based in Hartford. For engine makers, securing a spot on an aircraft line is important because profit is not usually made on the sale itself, but rather on maintenance contracts stretching over decades. http://www.nytimes.com/2004/04/07/business/worldbusiness/07air.html?ex=1082342704&ei=1&en=a571cc9089baced3 --------------------------------- Get Home Delivery of The New York Times Newspaper. Imagine reading The New York Times any time & anywhere you like! Leisurely catch up on events & expand your horizons. Enjoy now for 50% off Home Delivery! Click here: http://homedelivery.nytimes.com/HDS/SubscriptionT1.do?mode=SubscriptionT1&ExternalMediaCode=W24AF HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact onlinesales@xxxxxxxxxxx or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@xxxxxxxxxxxx Copyright 2004 The New York Times Company