Boeing has published its 2024 Commercial Market Outlook ahead of the Farnborough International Airshow. The manufacturer predicts a 3% increase in airplane deliveries over the next 20 years with airlines needing almost 44,000 new commercial airplanes by 2043.
A U.S. plan to use Japanese factories to boost production of Patriot air defence missiles - used by Ukraine to defend against Russian attacks - is being delayed by a shortage of a critical component manufactured by Boeing, four sources said.
U.S. planemaker Boeing raised its industry-wide annual 20-year forecast for new jetliner deliveries by 3% to 43,975, propelled by the strength of passenger demand, rising airline competition and the eventual replacement older less efficient planes.
Aviation safety has recently shifted focus on aerospace stocks, with scrutiny primarily on Boeing (NYSE: BA ) following several high-profile incidents. The most dramatic was the loss of an emergency door in flight.
The U.S. Justice Department said on Thursday the government has made "substantial progress" toward reaching a final plea agreement with Boeing but does not expect to file the details before Wednesday.
Boeing receives FAA approval for Boeing 777X flight testing, a significant milestone in the certification process. Approval could lead to more orders for the Boeing 777X, helping Boeing recover from financial losses on the program. The Boeing 777X program has faced delays and financial challenges, but progress with FAA approval is a positive step for Boeing.
Boeing stock is down 30% so far this year. The company is burning a lot of cash at the moment and this could continue in the near term.
Boeing's leaders say they have charted a path forward to stamp out safety and manufacturing flaws on its best-selling planes. Plans include better oversight, improved safety and manufacturing procedures, more robust worker training, and buying back a key supplier.
Thousands of Boeing hourly workers voted in Seattle to authorize a potential labor strike if ongoing contract negotiations stumble, a union statement said Wednesday.
Boeing's woes have allowed the European jet-plane maker to build a substantial backlog. But don't confuse Airbus' woes to that of Boeing.
The National Transportation Safety Board said on Wednesday it had scheduled 20 hours of hearings over two days on the January Alaska Airlines Boeing 737 MAX 9 in-flight door plug emergency.
Boeing (BA) receives an order to deliver five 777 Freighters from Emirates SkyCargo.