Boeing is set to announce on Monday an order for roughly 20 777X jets from Korean Air , in a boost to the U.S. planemaker's long-delayed plane programme, two sources familiar with the matter said.
Boeing says it's "fighting through challenges" related to the complexity of the two new Air Force One jets have been delayed from late 2024 to 2027 and 2028.
Boeing Commercial Airplanes CEO Stephanie Pope said the company is making progress on improving its output of planes. She said the company's transformation plan could take years to fully implement.
Boeing's commercial airplane chief said the planemaker has settled on the design to address an engine anti-ice system that has significantly delayed certification of the 737 MAX 7 and suggested a fix could be completed by next year.
The head of Boeing's defense unit said Sunday the planemaker is still "fighting through challenges" in building two delayed U.S. presidential aircraft known as Air Force One.
Boeing has seen significant improvement in production in its 737 MAX factory, the company's commercial airplanes president, Stephanie Pope, told media on Sunday as part of a panel in London.
Boeing is set to report its second-quarter earnings on July 31. Ongoing production challenges with the Max 737 aircraft and regulatory uncertainties have pressured the stock.
Boeing BA -0.31%decrease; red down pointing triangle has a parking problem.
The United States Air Force has reached an "affordable" deal with Boeing for the supply of E-7 Wedgetail airborne warning and control aircraft, senior officials said on Saturday.
Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year's end.
The Boeing 737 Max 10 has struggled to compete against the Airbus A321neo. The largest variant of the 737 Max is being outsold by Airbus 7 to 1.
Last week featured multiple big news stories for space investors. Boeing's Starship continues to face problems at the ISS, while SpaceX witnessed an unsuccessful launch.