A federal judge on Tuesday ordered Boeing and the U.S. Justice Department to detail the impact of diversity and inclusion policies on the selection of an independent monitor before he decides whether to accept the planemaker's plea deal.
BA secures a $24.5 million contract to support the C-17 Globemaster III program.
Boeing will be sending out thousands of layoff notices after CEO Kelly Ortberg last week announced the company would be cutting 10% of its workforce.
Boeing stock is higher Tuesday after the aerospace giant filed to raise as much as $25 billion and entered a credit agreement worth $10 billion.
Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered into a $10 billion credit agreement.
Boeing (BA) seeks to raise $25 billion in securities over the next three years. Ben Tsocanos of S&P Global Ratings has a BBB rating with a negative credit watch for Boeing but notes considerable downward pressure on the company due to a slew of other headwinds.
CNBC's Phil LeBeau reports on the latest news from Boeing.
Boeing (BA) shares edged higher Tuesday morning after the struggling plane maker reported that it has taken steps to secure cash.
Boeing is likelier to lean more heavily on new stock rather than debt as it considers raising $25 billion, according to Bloomberg's Brooke Sutherland, who writes the Industrial Strength newsletter. The troubled planemaker already risks becoming the largest-ever US fallen angel with its credit rating teetering near junk status, Sutherland says on Bloomberg's ``Open Interest.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Gautam Mukunda, professor of management at the Yale School of Management, joins 'Squawk Box' to discuss the state of the machinist strike at Boeing, the challenges facing the company and CEO Kelly Ortberg, and more.
Boeing Co (NYSE:BA, ETR:BCO) has unveiled plans to raise US$35 billion (£26.8 billion) through share sales and a new loan as issues for the planemaker pile up. Plans were laid out for a US$25 billion stock and debt offering in a regulatory file on Tuesday, which also showed Boeing had agreed to a US$10 billion credit facility.