Tag: Boeing defense
Boeing Announces $2.8 Billion Hit in Defence Business
Shares in Boeing Co. fell by 4% on Wednesday after the company recorded a $2.8 billion charge in its defense business. The U.S. plane manufacturer is experiencing rising costs as a result of the inflationary pressures that have been affecting fixed-price contracts for U.S....
Boeing Manages to Avoid Strike at 3 St. Louis Defense Locations
Airplane maker Boeing narrowly managed to avoid a strike in its three defense facilities in the St. Louis area. The International Association of Machinists and Aerospace Workers (IAM), which represents Boeing's 2,500 defense workers, decided to cancel a strike that was planned on Monday...