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.
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.