U.S. Stocks Pause as Boeing CEO Set to Depart
Stocks on the New York Stock Exchange paused on Monday, taking a breather from their rally last week following news that Boeing CEO Dave Calhoun is set to step down from his role at the end of the year. Shares in the aircraft manufacturer...
Boeing Stock Plunges Amid 737 MAX Production Issues
Boeing announced on Thursday that it is expecting delays in the production and delivery of its 737 MAX airliners due to an issue with parts supplied to them by Spirit AeroSystems. The company’s shares took a hit shortly after the announcement, dropping by 4.5%...
Boeing Secures an Order for 78 Airplanes from Two Saudi Arabia Airlines
Boeing confirmed on Tuesday that it secured an order for 78 of its Boeing 787 Dreamliners from Saudi Arabia-based airlines Saudi Arabian Airlines and Riyadh Air. The agreement also comes with an option to buy 43 additional airplanes.
According to Reuters, the price of the...
Boeing Shares Fall Following Delivery Halt
Boeing Co shares fell by 3.2% during premarket trading on Friday after the company suspended deliveries of its 787 Dreamliner jets. This comes after the aviation giant discovered a documentation issue while reviewing certification records.
The company stated on Thursday that it "discovered an analysis...
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...