A plea deal struck with Boeing should be accepted, the U.S. Justice Department said in a court filing on Wednesday, after some relatives of the 346 people killed in two fatal 737 MAX crashes called for it to be rejected.
Boeing's Starliner capsule "Calypso" has been in space for 71 days and counting as the company and NASA try to identify why multiple thrusters failed during docking. NASA astronauts Butch Wilmore and Suni Williams are in limbo on the International Space Station as they wait for the agency's decision, which is expected to come the last week of August.
The issues that have dogged Boeing Co.'s Starliner capsule on its first crewed flight test have meant an extended stay at the International Space Station for NASA astronauts Butch Wilmore and Suni Williams.
Boeing's shares have dropped by over 30% YTD due to the regulatory scrutiny, but the company is actively working on improving its safety standards to fix its ongoing issues. At this stage, Boeing has a number of growth catalysts that should help it improve its performance and lead to the recovery of its business. Despite facing several challenges, Boeing also appears to be undervalued and its shares represent a decent upside at the current price.
Boeing said on Tuesday it delivered 43 commercial jets in July, unchanged from the same month a year earlier when it faced supply chain hurdles, as the U.S. planemaker works to grow aicraft production under new CEO Kelly Ortberg.
Boeing Co (NYSE:BA, ETR:BCO) is likely to miss its production target of 38 737 MAX jets per month by the end of 2024, according to analysts at Moody's and S&P Global Ratings. The US aerospace company, which produced 25 jets per month in July 2024, is facing significant challenges as it aims to ramp up production of its best-selling aircraft, according to the agencies.
Kelly Ortberg visited two key production facilities in his first few days in charge. It signals his intent to revamp the planemaker's production quality and rebuild trust.
Boeing's malfunctioning Starliner has left two NASA astronauts stuck in space. NASA must choose whether to risk flying them home on Boeing's spacecraft or turn to Elon Musk's SpaceX for help.
Boeing will likely miss a key 737 MAX jet production target in 2024, analysts at rating agencies Moody's and S&P told Reuters, saying that the company faces challenges as it ramps up its strongest-selling plane.
When Christian Scherer took the job of running Airbus's AIR 0.24%increase; green up pointing triangle commercial aircraft division at the start of the year, the gig looked like a slam dunk.
United Launch Alliance launched only three rockets in 2023. It has already launched four times in 2024.
The Air Force and Boeing announced that they reached agreement on a $2.56 billion contract to develop two prototype E-7A Wedgetail airborne early warning and control aircraft.