Boeing (BA) is looking to have its guilty plea from last year rescinded or the punishment it will receive because of the plea reduced now that the Trump administration is in place, according to The Wall Street Journal.
BA receives an order to supply up to 60 737 MAX commercial aircraft from Malaysia Aviation Group.
The 'Squawk on the Street' team discusses Boeing reconsidering its guilty plea deal related to Max 737 jet crashes.
Boeing (BA) is looking to have its guilty plea from last year rescinded or the punishment it will receive because of the plea reduced now that the Trump administration is in place, according to The Wall Street Journal.
China's Commerce Minister Wang Wentao met with President of Boeing Global Brendan Nelson on Tuesday, and called on the planemaker to deepen cooperation with China's aviation industry, the commerce ministry said in a statement.
The real clues about the market tend to come when volatility hits the scene, which is what the S&P 500 has demonstrated over the past month. As volatility creates short-term uncertainty and borderline chaos in the market, the real areas of interest for investors and other types of capital start to show themselves across the board.
The contract guarantees a profit for Boeing through the development phase, unlike its past defense deals.
The U.S. Navy is expected to announce this week who will build its next-generation carrier-based stealth fighter - a program worth hundreds of billions over its lifetime and a key part of plans to confront China, people familiar with the decision said.
CNBC's Phil LeBeau joins 'Closing Bell Overtime' with breaking news.
Boeing is seeking to withdraw an earlier agreement to plead guilty in a long-running criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 MAX jets, the Wall Street Journal reported on Monday, citing two people familiar with the matter.
President Donald Trump awarded Boeing Co (NYSE:BA) a contract to build the U.S. Air Force's latest fighter jet, named F-47.
Boeing's win of the US Air Force NGAD contract is significant, marking its first clean-sheet fighter jet design, estimated to be worth more than $300 billion. The NGAD program includes two distinct fighter jets for the US Air Force and Navy, avoiding past complexities seen with the F-35's commonality approach. Northrop Grumman, with its historical expertise and current success in digital engineering, is well positioned to win the F/A-XX contract, revitalizing its fighter jet capabilities.