A federal judge on Friday certified a class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9.
Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather than by business unit, as in previous years.
Boeing secures a $33.2 million contract to produce and deliver 41 DTP-N B Kits, five DTP-N B Kit Lab Assets and nine Processor eXpress Mezzanine Cards.
CNBC's Becky Quick reports on the latest news.
Lufthansa's CEO told CNBC that he was hopeful that the Trump administration will support Boeing in overcoming issues that have led to industry-wide delivery delays. The German airline group has been struggling with its ageing fleet as hundreds of newer models face delivery delays.
Boeing CEO Kelly Ortberg told employees on Wednesday the company needs a more open culture where employees are encouraged to speak up and communicate across divisions, according to a partial transcript of a company-wide meeting seen by Reuters.
Boeing stock price crashed this week as concerns about tariffs rose. BA shares fell to a low of $158, its lowest level since December 9, and 16% from its highest point this year, and 40% below the highest point in 2024.
Boeing Co was among a string of stocks facing heavy selling pressure on Tuesday after Donald Trump's sweeping tariffs against China, Mexico and China came into force. Shares in the aircraft maker slumped 5.5% $160.76 as confirmation of Trump's tariffs sparked retaliation from the likes of Canada.
Shares in aerospace giant Boeing (BA -6.45%) were lower by 7.3% as of 11 a.m. today. The move is due to today's implementation of 25% tariffs on goods imported from Mexico and Canada and a 10% import duty on Canada's energy products.
The Boeing Co. NYSE: BA faced a lot of turbulence in 2024, from quality control issues, nightmare PR and the IAM union strike. The aerospace sector giant endured and resolved the union strike as the 33,000 striking mechanics returned to the assembly lines, bringing all systems back online in 2025.
While using computers and algorithms is commonplace on Wall Street today, David Shaw was an early pioneer who became known as the “King of Quants” for using them to master high-speed quantitative trading.
The Boeing Company's turnaround under Kelly Ortberg shows promise, with increased transparency and a KPI-driven framework to boost production and maintain quality. Despite geopolitical tensions, Boeing 737 MAX deliveries to China have resumed, demonstrating China's ongoing need for these aircraft to meet air travel demand. China continues to balance airplane deliveries between BA and Airbus, with Boeing maintaining a 47% share of single-aisle deliveries over the past year.