United Airlines CEO Scott Kirby had been critical of Boeing as his company, a major buyer of Boeing planes, faced a series of delays from manufacturing flaws. Robert "Kelly" Ortberg took the reins at Boeing last week promising to win back trust.
Boeing airplane orders increased in July with 72 orders, including 57 single aisle orders valued at $5.2 billion. Boeing delivered 43 airplanes in July, including 32 single aisle airplanes and five wide body airplanes, stabilizing deliveries compared to last year. Despite challenges, Boeing is showing signs of improvement in order inflow and production rates, shaping up for a promising balance of the year.
Boeing stock inched higher Thursday after the Dow Jones plane maker secured a $2.5 billion 737 Max deal. U.S. sells more arms to Israel.
El Al Israel Airlines on Thursday said it will push ahead with a $2.5 billion deal with Boeing to buy up to 31 of the troubled manufacturer's 737 MAX planes in what marks the biggest expansion of the Israeli national carrier's fleet in its 76 year history.
The troubled airplane manufacturer has secured a deal with Israel's El Al airlines for up to 31 737 MAX aircrafts.
El Al Israel Airlines said on Thursday it had signed a deal with Boeing for the purchase of up to 31 737 MAX aircraft worth as much as $2.5 billion.
A federal judge in Seattle has sided with Boeing and is throwing out a jury verdict that called for the aerospace giant to pay $72 million to Zunum Aero, a Seattle-area aviation startup it once supported.
A federal judge in Seattle has sided with Boeing and is throwing out a jury verdict that called for the aerospace giant to pay $72 million to Zunum Aero, a Seattle-area aviation startup it once supported.
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.