Boeing's machinists' union demands higher wages, more paid time off, and a pension. It might get all three, but it should probably settle for two.
Reuters' reports about Sierra Space buying United Launch Alliance aren't likely to lead to an actual deal.
Italian prosecutors on Saturday accused seven people and two sub-contractors of crimes including fraud and breaching airplane safety rules following an investigation into suspected flawed parts produced by an Italian company for Boeing.
Boeing's largest union said on Friday that talks will resume between the two sides on Oct. 7, as both seek an agreement that would put an end to a strike by around 33,000 of the planemaker's U.S. West Coast factory workers.
Boeing (BA, Financial) and Lockheed Martin's joint venture, United Launch Alliance, successfully launched its "Vulcan" rocket on its second mission. This achievement marks a critical step towards securing Pentagon mission certification.
Boeing and Lockheed Martin's joint venture, United Launch Alliance, said on Friday its Vulcan rocket successfully launched its second mission, in what is a crucial step to receive certification for Pentagon missions.
Two U.S. senators criticized the Justice Department's plea deal with Boeing struck in July and said the government should take action against the planemaker's executives "responsible for safety failures," according to a letter seen by Reuters.
BA's Defense, Space & Security segment ends the second quarter of 2024 with a backlog count of $59.06 billion, reflecting solid revenue generation prospects.
The aerospace and defense giant's issues extended through the month.
When navigating a changing business cycle, such as today's triggered by the Federal Reserve (the Fed) cutting interest rates, investors should focus on fundamentals and keeping a risk-to-reward profile that favors their portfolios in the coming quarters. For this reason, stocks that trade near their 52-week lows are a great place to start looking for potential value and recovery plays.
Boeing Co (NYSE:BA, ETR:BCO) is said to be mulling over a move to raise US$10 billion through a share issue after cash reserves have been hit by a strike among workers recently. According to Bloomberg-cited sources, Boeing is working alongside advisors to explore its options and gauge the full effect of the strike.
Boeing's largest union on Tuesday urged the planemaker's new CEO Kelly Ortberg to get more involved in resolving a strike by around 33,000 U.S. West Coast workers, after their healthcare benefits were cut.