Boeing Company (BA)
Boeing Surprises With $34 Billion In Defense Contract Wins
Boeing's defense contract value surged to $34 billion, nearly doubling year-over-year, driven by aircraft and bomb programs despite challenges in other areas. Excluding indefinite delivery/indefinite quantity contracts, BA's contract value still increased by 40% year-over-year, highlighting strong demand for profitable legacy programs. Boeing's defense segment faces profitability issues due to fixed-price contracts on next-generation programs, resulting in significant losses and margin fluctuations.
Senior warns on profits due to slower Boeing and Airbus aircraft production
Shares in Senior PLC (LSE:SNR) crashed 16% after the engineer warned on profits due to challenges in the aerospace market from troubles at Boeing, resulting in slower growth in the third quarter. The FTSE 250-listed aerospace, defence and power systems engineer said it expects a lower performance (meaning profit) from its aerospace division in the second half than the first.
Boeing (BA) Faces Continued Union Strikes Amid Contract Negotiations
Boeing (BA, Financial) has resumed contract negotiations with its largest union after a 25-day strike, aiming to end the walkout by approximately 33,000 factory workers on the U.S. West Coast. Despite a full day of discussions in the presence of a federal mediator, the International Association of Machinists and Aerospace Workers reported limited progress, with talks scheduled to continue.
Boeing Strike Drags On. What it Means for the Troubled Stock.
Boeing ended the second quarter with almost $23 billion in available liquidity. That's a nice cushion.
IAM union says negotiations with Boeing to continue on Tuesday
The International Association of Machinists and Aerospace Workers (IAM), whose members are on a strike at Boeing , said that it will continue its negotiation with the planemaker on Tuesday.
Flawed parts made for Boeing threatened plane safety, Italian prosecutors find
Investigators have found that two Italian sub-contractors used cheaper and non-compliant forms of titanium and aluminium to make certain parts for Boeing's 787 Dreamliner, saving significant sums of money and threatening plane safety, prosecutors said on Saturday.
Boeing (BA) Gains Amid Resumed Contract Talks to End Strike
Boeing (BA, Financial) shares rose over 2%, reaching $158.13. The company announced the resumption of contract negotiations with its largest union.
The cost of Boeing's strike keeps rising as talks continue
Boeing is set to resume negotiations with union bosses on Monday. The strike is costing Boeing $50 million a day, a BofA analyst estimated.
Boeing Heads Back to Wage Talks After Two Week Stalemate
Boeing and its largest union are returning to deliberations with a mediator on Monday as the strike against the planemaker enters its fourth week. Benedikt Kammel reports on Bloomberg Television.
Boeing's in Big Trouble: Now Its Union Wants a Pension
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.
Look Who's Supposedly Buying Boeing and Lockheed Martin's Space Business Now!
Reuters' reports about Sierra Space buying United Launch Alliance aren't likely to lead to an actual deal.
Italian prosecutors accuse 7 people, 2 firms over flawed Boeing plane parts
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.
