Boeing Company (BA)
How Northrop Grumman, Lockheed Martin, and Boeing All Lost a $30 Billion Air Force Contract
Last month the U.S. Air Force picked two privately held defense contractors to build prototypes for a new fleet of 1,000 military drone aircraft. Boeing, Lockheed Martin, and Northrop Grumman also competed for this contract -- and lost.
China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
BEIJING (AP) — China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years against defense companies for weapons sales to Taiwan, a self-ruled island that China considers as part of its own territory.China's Ministry of Commerce placed Boeing’s Defense, Space & Security unit, General Atomics Aeronautical Systems, and General Dynamics Land Systems, on what is called an “unreliable entities” list, forbidding their further investment in China, in addition to travel bans on senior management for the companies. Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan’s security through imports of advanced fighters and other technology and strengthening its domestic defense industry. In April, China froze assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. Corporate filings show General Dynamics operates a half-dozen Gulfstream and jet aviation services operations in China, which remains heavily reliant on foreign aerospace technology even as it attempts to build its own presence in the field. The company also helps make the Abrams tank, which is being purchased by Taiwan to replace outdated armor intended to deter or resist an invasion from China.General Atomics produces the Predator and Reaper drones used by the U.S. military., though it is unclear what weapons if any the company sells to Taiwan. In 2022, China announced sanctions against Ted Colbert, the president and CEO of Boeing Defense, Space and Security. after the company won a $355 million contract to supply Harpoon missiles to Taiwan.Taiwan has faced increasing military harassment from China's People Liberation Army, which regularly flies fighter jets and sails warships near the island. The likely impact of Beijing's sanctions on businesses such as Boeing is unclear. The United States bars most sales of weapons-related technology to China, but some military contractors also have civilian businesses in aerospace and other industries. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. , source Associated Press News
China sanctions Boeing, two other U.S. defense contractors for Taiwan arms sales
BEIJING — China's Ministry of Commerce announced sanctions against Boeing BA, +1.09% and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration.
China commerce ministry bans some US firms from import, export activities
China's Commerce Ministry said on Monday that it will prohibit some U.S. firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China.
Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January.
Boeing Starliner's debut crewed flight delayed again to check helium leak
NASA and Boeing delayed the launch of Boeing's Starliner crew capsule again on Friday, giving them four more days to assess a helium leak before attempting to launch the spacecraft's first two astronauts into space, the space agency said Friday.
Boeing's Starliner launch pushed back to May 25 for first crewed mission
The historic first crewed launch of Boeing Co.'s Starliner spacecraft will now take place no earlier than May 25, after the initial launch attempt was scrubbed earlier this month.
Boeing shareholders vote to keep departing CEO on planemaker's board
Boeing's (BA.N), opens new tab departing CEO Dave Calhoun was re-elected to stay on the troubled company's board on Friday, even as the planemaker said it was preparing to meet with the U.S. aviation regulator over its quality-control problems.
Boeing faces multiple probes after mid-air MAX door plug blowout
Boeing is facing heightened scrutiny from U.S. regulators and prosecutors into its safety and quality practices following the Jan. 5 panel blowout on an Alaska Airlines 737 MAX 9.
Boeing shareholders vote to re-elect departing CEO to company's board
Search for new chief executive for troubled planemaker continues amid safety crisis and slumping share price
Boeing shareholders re-elect departing CEO Calhoun to board
New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.
Boeing shareholders vote to re-elect CEO Calhoun to board
Boeing Co shareholders voted to re-elect outgoing Chief Executive Dave Calhoun to the planemaker's board at the company's annual meeting, as per a preliminary tally.
