Airplane maker Boeing is currently working on a funding agreement with its struggling supplier, Spirit AeroSystems. According to a recent report by Reuters, the agreement would see Boeing provide a cash injection to Spirit in order to help them deal with a series of...
More than 30,000 striking workers at airplane maker Boeing could soon get back to work. Boeing and the International Association of Machinists (IAM), which represents the striking workers, announced on Friday that the two sides agreed to a tentative agreement on a new collective...
Airplane maker Boeing released its third-quarter earnings on Wednesday, revealing $6 billion in losses and a year-over-year drop in revenue.
Boeing reported revenue of $17.85 billion, representing a 1% year-over-year decline and missing the analysts’ estimates of $17.93 billion. The company’s adjusted loss per share...
Boeing failed to make any progress during Friday’s talks with the International Association of Machinists and Aerospace Workers (IAMAW), the union that represents the airplane maker’s 33,000 striking workers.
According to IAMAW’s statement, the talks “broke off,” and there is no date scheduled for their...
The strike of 33,000 workers at airplane maker Boeing is starting to have a rippling effect on the U.S. aviation industry. According to the report by Financial Times, Boeing supplier Spirit AeroSystems intends to begin furloughs in three weeks if the strike doesn’t end...
Boeing’s new CEO, Kelly Ortberg, made his first major executive move since taking over the position in August. The troubled airplane maker announced that Ted Colbert, its chief of defense, space, and security unit, will leave his position with an immediate effect.
Colbert has been...
