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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...