Phil Condit stepped down as chief executive of Boeing , the beleaguered defense company, after seven years on the job.

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Two Boeing executives were jailed and its chief executive, Phil Condit, resigned.

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It is even possible that Boeing could choose an overseas site though Phil Condit, the company's boss, would face a firestorm if he did.

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Boeing's chairman, Phil Condit, says that Boeing tried to accelerate its production too fast, without changing a production-engineering system that had barely altered since the second world war.

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"The platforms our government customers are buying today will be more and more integrated in the future, " said the firm's chairman and chief executive Phil Condit during a conference call with reporters.

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This was partly because of the amount of static emanating from elsewhere particularly Toulouse and Seattle: his peers at Airbus and Boeing, Jean Pierson and Phil Condit, love nothing better than a good public scrap.

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Once Boeing's boss, Phil Condit, and his then number two, Harry Stonecipher (who had been McDonnell's last boss), had bedded down the mergers, they realised they were sitting on a collection of assets that could be used to sprout all sorts of businesses aside from jetliners, rockets and satellites.

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