A federal jury in Seattle says Boeing owes an unsuccessful electric-aviation startup called Zunum Aero $72 million for misappropriating trade secrets and interfering with its business plans.
Fitch Ratings lowered its 2024 forecasts for Boeing's aircraft delivery and free cash flow on Friday as the planemaker grapples with investigations and slumping production of its strongest-selling jet.
U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency's administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun.
Boeing's reusable spaceship Starliner is set to head into space with two NASA astronauts on Saturday.
Spirit AeroSystems' Q1 earnings were impacted by a decline in commercial segment earnings and flat aftermarket sales. Boeing's production process changes, including the elimination of traveled work, have had a major impact on Spirit AeroSystems' supply chain. Talks between Spirit AeroSystems, Boeing, and Airbus regarding a possible acquisition are progressing, but the complex nature of the deal may affect the acquisition cost.
Following a meeting at the Federal Aviation Administration's headquarters in Washington, DC, during which Boeing Boeing CEO Dave Calhoun and other company executives met with the FAA Administrator Mike Whitaker, the Administrator pledged to hold Boeing accountable to address the findings of an extensive audit and the expert panel review at the aircraft manufacturer's facilities earlier this year.
Boeing firefighters voted on Thursday to approve a new four-year contract deal that will boost wages for workers and end a weeks-long lockout by the planemaker.
In the most recent trading session, Boeing (BA) closed at $172.75, indicating a +0.64% shift from the previous trading day.
Boeing officials explained their plan to improve manufacturing quality and safety during a three-hour meeting Thursday with federal officials, who will continue restrictions they placed on the company after one of its jetliners suffered a blowout of a fuselage panel in January.
The air-safety regulator says it will monitor Boeing's performance based on quality metrics set by the company.
Boeing's departing CEO, Dave Calhoun, and other top leaders are scheduled to meet with the FAA to present its safety plan. The FAA in February gave Boeing 90 days to come up with a quality improvement plan, in the wake of a near-catastrophic door plug blowout in January.
Boeing's outgoing CEO Dave Calhoun and other senior company officials will detail the planemaker's quality, training and other improvements during meetings with U.S. aviation regulators on Thursday, according to sources with knowledge of the matter.