Boeing is nearing a deal to buy back Spirit AeroSystems. The key supplier and former subsidiary, is reported to have made progress with its other chief customer, Airbus, to separate the divisions that handle the Boeing rival's work.
NASA and Boeing indefinitely postponed the Starliner spacecraft's return from the International Space Station to Earth, NASA said on Friday.
Shares of aerospace parts manufacturer Spirit AeroSystems (SPR) jumped 6% Friday following reports it is nearing a deal to be reacquired by Boeing (BA), as the troubled airplane manufacturer works to gain more control of its supply chain after the highly scrutinized January incident in which a door plug detached from a Boeing plane in midair.
The U.S. Justice Department is considering allowing planemaker Boeing to escape criminal prosecution for violating the terms of a 2021 settlement related to two fatal 737 MAX crashes in 2018 and 2019, The New York Times reported on Friday.
Boeing is expected to avoid criminal prosecution after the Justice Department recently found it violated a $2.5 billion settlement shielding it from charges over two 737 Max 8 model crashes in 2018 and 2019 that killed a total of 346 people, according to The New York Times, which reported that department officials have deemed prosecution of Boeing “too legally risky.”
DoJ will reportedly offer deferred prosecution agreement requiring federal monitor oversee safety improvements
The U.S. Justice Department is expected to allow planemaker Boeing to escape criminal prosecution for violating the terms of a 2021 settlement related to the fatal 737 MAX crashes in 2018 and 2019, the New York Times reported on Friday.
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Boeing finally launched its Starliner space capsule on June 5. On June 6, Starliner docked with the International Space Station, but multiple glitches may be delaying its return to Earth.
Chinese state-owned planemaker COMAC has the opportunity to break Airbus and Boeing's duopoly of the passenger jet market over the next decade, the chief of aircraft leasing company Dubai Aerospace Enterprise (DAE) told Reuters.
Boeing is nearing a deal to buy back Spirit AeroSystems after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier, people familiar with the matter said on Thursday.
Boeing is shifting engineers away from its experimental X-66A plane program and other projects to help support its commercial development programs and speed up deliveries of existing jets, the Air Current reported on Thursday.