U.S.-based hedge fund Viking Global built a $526 million-worth new position in planemaker Boeing in the fourth quarter, with 2.9 million shares, a regulatory filing showed on Friday.
U.S. Transportation Secretary Sean Duffy said on Thursday he has asked the CEO of Boeing to come to Washington, D.C., "as soon as possible" to discuss quality and safety issues at the company.
The chief executive of major Boeing customer Avolon said on Thursday he was really encouraged by progress being made by the U.S. manufacturer in stabilising production in the wake of a seven-week strike late last year.
Air India [RIC:RIC:AIRID.UL] is holding off on exercising its outstanding options to buy additional Boeing jets, its Chief Executive Campbell Wilson told Reuters on Wednesday, until the planemaker has cleared its backlog.
Despite a miserable 2024, Boeing (BA -0.06%) stock has quietly run up 23.5% over the last three months. Is the start of an ongoing move upward or merely a recovery from an oversold position?
Boeing said on Tuesday that it had delivered 45 airplanes in January, up from 30 deliveries the previous month and the most deliveries in a month for the U.S. planemaker since 2023.
President Trump's tariffs on China remain, impacting trade dynamics, but Boeing is not significantly affected due to careful tariff crafting by China. The US-China trade deficit has decreased from $418 billion in 2018 to $295 billion in 2024, influenced by both tariffs and the pandemic. Boeing's role is crucial in reducing the trade deficit, with aerospace exports accounting for up to 15% of US exports to China.
Boeing (NYSE: BA) had a rough time in 2024. In fact, Boeing stock was the worst performer in the entire Dow Jones Industrial Index (DJIA) during the year, having lost 32.1% of its value.
Spirit AeroSystems said on Monday it expects to post a higher-than-expected quarterly revenue, driven by restarted production at the aerospace supplier's biggest customer, Boeing.
It's been about a week now since Boeing (BA -1.
Boeing signalled on Monday it would need more orders from India before it considers setting up a final civil aircraft assembly line in the country, potentially throwing cold water on the government's hopes of the U.S. planemaker assembling commercial jets in the country.
Boeing on Saturday warned employees involved in its Space Launch System moon rocket program that it expected to lay off around 400 people.