Boeing BA -0.69%decrease; red down pointing triangle faces an unprecedented decision in the next several days: plead guilty, or argue at trial why it is innocent of a crime it already said it committed.
Boeing's acquisition of Spirit should help shore up airplane delivery rates. Boeing has yet to announce a new CEO.
Boeing (BA) is set to acquire Spirit AeroSystems for approximately $8.3 billion, including the company's most recent reported net debt.
Air Canada said on Tuesday that it has agreed to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation.
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems , now shifts the focus of investors to the planemaker's search for a new CEO.
Spirit AeroSystems is going full circle, from part of Boeing BA 2.58%increase; green up pointing triangle to independent supplier and back to part of Boeing. It is the perfect example of a realization dawning on corporate America: Perhaps outsourcing isn't all it was once cracked up to be.
Boeing is bringing production of its plane fuselages back in-house. The aerospace giant announced early Monday it had agreed to acquire its largest supplier, Spirit AeroSystems, in an $8.3 billion deal, including debt, 19 years after it had spun out the operation.
The U.S. Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, people familiar with the matter said on Sunday.
Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing's $4.7 billion deal to buy back Spirit AeroSystems is a rare triangular deal born out of crisis.
The main indexes kicked off the second half with a win thanks to solid gains in several mega-cap stocks.
Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.
“It was probably the first time in my life I had a feeling of no control over everything. I was in disbelief over the whole situation,” 40-year old Tran, a passenger on-board the January 5 Ontario-bound Alaska Airlines told BBC.