Boeing (BA) and the U.S. Department of Justice are set to go to trial this summer after a Texas judge scrapped an April 11 deadline for the sides to present a revised plea deal.
On March 21, Boeing (BA 0.99%) stock closed 3.1% higher while Lockheed Martin (LMT 1.69%) tumbled 5.8%. The movements resulted from Boeing winning a contract from the Department of Defense for its new warfighter aircraft program -- a contract that Lockheed was the favorite to win.
US District Judge Reed O'Connor had previously given Boeing and DOJ until April 11 to come to an agreement on a new plea deal after he rejected the prior deal, faulting a diversity and inclusion provision.
A U.S. judge on Tuesday set a June 23 trial date in the Justice Department's criminal fraud case against Boeing stemming from the planemaker's alleged misrepresentations to U.S. regulators about a key system on the 737 MAX.
The decision to select Boeing over Lockheed Martin startled Wall Street analysts and left Lockheed officials disappointed.
Boeing said on Tuesday it had ramped up production of a critical component for Patriot air defense interceptor missiles - the seeker that identifies and tracks efforts to knock them down - to meet growing demand from the U.S. and allies.
Boeing (BA) is looking to have its guilty plea from last year rescinded or the punishment it will receive because of the plea reduced now that the Trump administration is in place, according to The Wall Street Journal.
BA receives an order to supply up to 60 737 MAX commercial aircraft from Malaysia Aviation Group.
The 'Squawk on the Street' team discusses Boeing reconsidering its guilty plea deal related to Max 737 jet crashes.
Boeing (BA) is looking to have its guilty plea from last year rescinded or the punishment it will receive because of the plea reduced now that the Trump administration is in place, according to The Wall Street Journal.
China's Commerce Minister Wang Wentao met with President of Boeing Global Brendan Nelson on Tuesday, and called on the planemaker to deepen cooperation with China's aviation industry, the commerce ministry said in a statement.
The real clues about the market tend to come when volatility hits the scene, which is what the S&P 500 has demonstrated over the past month. As volatility creates short-term uncertainty and borderline chaos in the market, the real areas of interest for investors and other types of capital start to show themselves across the board.