Tag: $Boeing

Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.

Boeing Co. is considering raising at least $10 billion by selling new stock, as the planemaker seeks to replenish cash reserves depleted further by an ongoing strike, according to people familiar with the discussions.

A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday.

Boeing’s factory workers walked off the job after midnight on Friday, halting production of the company’s bestselling airplanes after staff overwhelmingly rejected a new labor contract

Boeing and the union that represents some 33,000 of its workers have struck a new labor deal, just days before a costly strike could have begun at the plane maker’s main factories.

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon.

Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.

Boeing is to plead guilty to conspiracy to defraud the US government after it violated a deal struck with the Department of Justice in the wake of two deadly crashes involving its 737 Max aircraft, prosecutors said in a court filing on Sunday.

Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker’s search for a new CEO.

Boeing (BA.N), opens new tab agreed to buy back Spirit AeroSystems (SPR.N), opens new tab for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities in return for hundreds of millions of dollars of compensation following months of talks.

The Justice Department will charge Boeing with fraud, according to a report. That gives the airplane maker an important choice.

The National Transportation Safety Board warned Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes.

Shares of Boeing ’s fuselage supplier, Spirit AeroSystems, were rising early Friday as a long process appears to be nearing an end.

U.S. senators on Tuesday attacked the CEO of Boeing for the planemaker’s tarnished safety record, overshadowing his apology to families who lost loved ones in two 737 MAX crashes and acceptance of responsibility after a January mid-air emergency.

Boeing CEO Dave Calhoun will testify before a Senate panel on Tuesday about the company’s safety and manufacturing crises after a door panel blew out of a nearly new 737 Max 9 jet in January.

Boeing stock is wobbling, a little, after it disclosed a new quality problem with its 787 Dreamliner jets.

Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

Boeing reported a narrower loss and lower cash burn than analysts feared.

Boeing stock rose after the company announced that CEO Dave Calhoun is stepping down at the end of 2024.

Boeing  stock was falling after the company discovered new problems with its 737 MAX fuselages and will have to delay the delivery of 50 planes to work on them.