Boeing overcharged the U.S. Air Force for spare parts for C-17 transport planes, including marking up the price on soap dispensers by 7,943%, according to a report by a Pentagon watchdog.
Boeing is reportedly exploring the sale of portions of its space business, such as its Starliner space vehicle and operations supporting the International Space Station.
Noted for his strange – and often worse – stock picks, Jim Cramer has yet again doubled down on his arguably most controversial recommendation of 2024.
Zacks.com users have recently been watching Boeing (BA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Boeing announced a major fund raise this week to help its financial crisis as the Dow Jones planemaker faces an extended strike, quality issues.
During earnings season, some companies will purposely release very bearish earnings reports, disclosing all the bad news at once. These are referred to as ‘kitchen sink' quarters, where they "throw out everything but the kitchen sink.
Boeing (BA) shares could remain on radar screens Tuesday after the embattled airplane maker upsized a share offering announced earlier yesterday in a bid to shore up its finances and preserve its investment grade credit rating.
The Boeing Co. said Tuesday it will raise almost $21 billion from the capital raise announced Monday through public offerings of common stock and depositary shares, more than the roughly $19 billion initially mooted.
As had been mooted, Boeing Co (NYSE:BA, ETR:BCO) announced a stock and convertible securities offering to reinforce its finances amid a prolonged strike by its machinist union workers and production issues impacting its 737 MAX aircraft. In an update, it said could rake up to $24.3 billion as the planemaker increased its stock offering to 112.5 million shares priced at $143 each, a 7.75% discount, and issued $5 billion in convertible securities.
With the US presidential election mere days away, manufacturers brace for potential policy shifts that could reshape the industry's trajectory for years. While they're on track for one of their best years, many firms remain cautious about the unknowns, particularly around trade policies under potential Trump tariffs.
Southwest Airlines CEO Bob Jordan said Boeing deliveries have not gone as expected for years. He added that the significant Boeing delivery delays in 2024 could stretch into 2025.
Boeing overspent on share repurchases at the cost of the rest of its business, wasting $10s of billions at higher prices. The company is still facing massive charges from its business, something which it needs to handle. The company's new management seems to be aligned on what it needs to do with handling the strike as the first step.