Boeing And Lufthansa Technik Ink License Agreement For 787 Dreamliner Cabin Modifications

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.

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Boeing Q1 Loss Narrows, Turns To Core Profit On Volume Growth; Stock Gains

Shares of Boeing Co. were gaining around 5 percent in the early morning trade on the NYSE after the aerospace major reported Wednesday narrower net loss in its first quarter, and a core operating profit compared to prior year's loss, with significantly higher revenues. The company attributed the results primarily to improved operational performance and commercial delivery volume.

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Boeing Sees Wider Loss, Weak Revenues In Q4; Shares Hit

Aerospace and defense major Boeing Co. said it projects a sharply wider loss and weak revenues in its fourth quarter, mainly impacted by the work stoppage and agreement by the International Association of Machinists and Aerospace Workers or IAM, as well as charges for certain Defense, Space & Security programs. Following the preliminary fourth-quarter results, the stock was down 1.8 percent.

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Boeing Reportedly Restarts 737 MAX Production

Aerospace major Boeing Co. has restarted production of its best-selling 737 MAX jetliner last week, Reuters reported citing sources familiar with the matter. Amid the significantly growing global demand for air travel, the company has to fulfil about 4,200 orders from airlines for the jet. This comes a month after a seven-week strike by 33,000 factory workers ended...

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Boeing Strike Ends As Machinists Accept New Contract

Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade.

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NTSB Asks For Urgent Safety Checks On Boeing 737 Rudder System

In a latest blow to the struggling aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists as well as various safety issues, the National Transportation Safety Board has issued urgent safety recommendations to Rudder control system on some 737 airplanes. The warning has been given to Boeing and the Federal Aviation Administration or FAA in response to the potential...

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Boeing Offers 30% Wage Hike In Final Offer, But Union Rejects

Aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists, has come out with its improved "best and final offer" with a larger pay hike and bonuses, urging the employees to ratify by September 27. Meanwhile, Boeing's largest union, The International Association of Machinists and Aerospace Workers or IAM, declined to put the offer to a vote, noting that it was not negotiated

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Boeing Freezes Hiring, Weighs Furloughs To Cut Costs Amid Strike

Aerospace giant Boeing Co. is planning various cost-cutting measures, including hiring freeze, cut in supplier spending and possible temporary furloughs, to meet the ongoing strike by machinists, reports said citing a company memo. Bloomberg reported that Boeing's difficult financial position puts its credit rating at risk of dropping below investment grade.

RTTNews | 754 hari yang lalu

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