In the air.(aerospace companies announce joint business-to-business online-trading exchange)(Brief Article)
Economist (US), The, April, 2000
NEW YORK
PITY the Internet analysts--another day, another huge e-business announcement in an industry about which they know almost nothing. On March 28th it was aerospace. Boeing, Lockheed Martin, BAE Systems and Raytheon announced a joint business-to-business (B2B) online-trading exchange to which they hope to shift most of their buying and selling of parts and supplies. The numbers were, as always, enormous. Together, the four do $71 billion of business each year with 37,000 suppliers, selling in turn to hundreds of airlines. By cutting transaction expenses, aggregating buying power, holding auctions in order to lower prices and exploiting the efficiencies of a single marketplace, the companies hope to save billions of dollars while simultaneously making a...
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