Boeing is planning to raise more than $15 billion of capital as early as Monday, in an offering that would help the beleaguered airplane maker boost its liquidity. Kate Duffy reports on Bloomberg Television.
Boeing (BA) reportedly is planning to raise more than $15 billion in capital as soon as Monday, as the troubled plane maker seeks to shore up its finances.
Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker's shaky financial situation.
Boeing Co. plans a significant capital raise to boost liquidity, targeting over $15 billion through a combination of shares and convertible debt. Following recent financial setbacks, the Arlington-based company aims to stabilize its investment-grade rating and manage the financial demands caused by a prolonged strike, contract rejections, and a struggling manufacturing process.
Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters.
A significant share of Boeing's striking assembly workers are digging in their heels on a seemingly quixotic demand: the revival of their pension plans.
The sale of Boeing's space business would be a sharp turnaround from the company's space heydays.
A sale would include the troubled Starliner space vehicle and operations supporting the International Space Station, the Wall Street Journal reported.
Aerospace firm Boeing was looking to sell its space business, which is part of its Defense, Space & Security segment, The Wall Street Journal reported.
Some 33,000 Boeing employees have been on strike since mid-September.
Boeing is exploring the sale of its space business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
New CEO seeks buyers for Starliner and other NASA projects in quest to rescue manufacturer.