Sam Mohawk, a current Boeing employee and new whistleblower, is alleging that faulty parts have "likely" been installed on the company's new airplanes.
Boeing is struggling to find a new CEO as Dave Calhoun departs at the end of the year, per the WSJ. Larry Culp of GE and David Gitlin of Carrier have declined the role.
Boeing CEO Dave Calhoun will face tough questions from U.S. senators on Tuesday over the planemaker's safety culture as well claims from a new whistleblower employee.
Boeing CEO Dave Calhoun faces a Senate panel over ballooning safety and quality control crises with the plane-maker. The hearing at the Senate Homeland Security Committee's Permanent Subcommittee on Investigations begins at 2 p.m.
Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers.
U.S. equities appear unstoppable. The tech-heavy Nasdaq has rallied a whopping 21% on a year-to-date (YTD) basis, while its counterpart, the S&P500 is up 15.4%.
Boeing CEO Dave Calhoun will tell a U.S. Senate Committee on Tuesday the planemaker understands concerns about its safety culture after a January mid-air emergency involving an Alaska Airlines 737 MAX 9 raised widespread alarm.
Several high-profile candidates have turned down the chance to run Boeing BA 0.87%increase; green up pointing triangle, complicating the jet maker's search for a new leader amid discussions about whether the next CEO needs to be based near its Seattle-area factories.
Blue-chip stocks to sell should be on investors' radars amidst the economic uncertainty. Interest rates have held steady at elevated levels, and the Federal Reserve is maintaining a cautious stance on future cuts.
The Federal Aviation Administration is investigating after a Southwest Airlines flight came within 400ft of the ocean following an aborted landing attempt.
The latest chapter of Boeing's difficulties began in January of this year when a door plug on an Alaskan Airlines 737 MAX 9 blew out at 16,000 feet causing an uncontrolled decompression which would most likely have resulted in the loss of the aircraft and passengers had it occurred at a higher altitude. Investigations quickly found that the door plug had been manufactured by Spirit AeroSystems and removed after damaged rivets were found and uninstalled, but never replaced, at the Boeing plant in Renton, Washington.
Boeing could be forced to significantly increase wages this year. Supporting one of its key and troubled suppliers could be a drain on cash.