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.
Boeing missed earnings badly last week. Sales are plummeting and the company hasn't been profitable in years.
Boeing said on Friday it had been awarded a $2.56 billion contract from the United States Air Force for two rapid prototype E-7A AEW&C Wedgetail aircraft.
Boeing Co.'s bondholders have adopted a defensive trade in the last week of selling certain longer-dated notes and buying other, more recently issued bonds that will pay them more if the aerospace giant's credit is downgraded.
The United States has some tremendous industrial companies. However, a company's stature doesn't mean its stock cannot be cyclical.