Boeing is nearing a potential sale of some two dozen 777X jets to Korean Air in a roughly $4 billion to $6 billion deal that could be finalised as early as July's Farnborough Airshow, industry sources said.
U.S. Senate Commerce Committee chair Maria Cantwell said Thursday she wants Boeing CEO Dave Calhoun to appear before her committee as she prepares legislation that would boost Federal Aviation Administration oversight of planemakers.
In January, Alaska Airlines flight 1282 nearly fell out of the sky when it lost a door plug at an altitude of more than 10,000ft, leading to rapid decompression of the main cabin of the plane.
In the world of aerospace, when a giant like Boeing Co BA hits turbulence — the shockwaves are felt far and wide. One such ripple effect has landed squarely on Kaiser Aluminum Corp KALU.
The current state of the U.S. economy is somewhat optimistic yet still filled with uncertainties and risks, making it an excellent moment to uncover overvalued stocks to sell. On one hand, cautious optimism is supported by the Federal Reserve's projected rate cut, which might lead to more accommodating financial conditions later in the year.
Boeing's June orders included 14 airplanes, primarily focused on freighters, with a net order value of $1.7 billion. Boeing delivered 44 airplanes in June, including 35 single aisle and 9 wide body planes, valued at $3.3 billion. Despite challenges, Boeing is making progress in improving quality, increasing deliveries, and repairing its reputation through smoother inflow of aerostructures.
NASA leadership on Wednesday acknowledged potential alternatives to Boeing's Starliner for returning a pair of astronauts from the International Space Station. Starliner has now been in space 36 days and counting as NASA and Boeing perform additional testing to replicate issues with identified with the propulsion system, before clearing the spacecraft to return.
In April's report, McKinsey & Company projected that the global space ecosystem will rise to a $1.79 trillion inflation-adjusted value by 2035 from $630 billion in 2023. This encompasses the entire infrastructure that leverages the space economy, including undervalued space stocks, from software and telecommunications to manufacturing and terrestrial equipment.
Two NASA astronauts aboard the International Space Station, who were scheduled to return to Earth weeks ago, said Wednesday they were confident Boeing's Starliner capsule can bring them home, after a series of technical issues caused their return from the International Space Station to be delayed for nearly a month.
There are worse places to suffer a travel delay than on the International Space Station.
Boeing CEO Dave Calhoun apologized and vowed the planemaker would follow government rules after the National Transportation Safety Board said the company provided non-public information about the 737 MAX mid-air panel blowout, the safety panel's top official said on Wednesday.
It is not hyperbole to say we are closer to World War III than at any time since the Cuban Missile Crisis in 1962. With the U.S. and its western allies provoking Russia over its invasion of Ukraine by saying they will admit the country into NATO, hostilities could escalate.