Category: Boeing

  • Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart

    (Reuters)-Spirit Aerosystems said on Monday that she expects to publish a higher annual quarterly revenue than expected, driven to restart production in the largest client of space suppliers, Boeing. The shares of the company increased by 1 % in the pre -market trade. Spirit delivery increased by about 15 %…

  • The list of major companies laying off staff in the new year, including Boeing, Meta, Microsoft, and BP

    Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy. While the reasons for slimming staff vary, the cost-cutting measures are coming amid a backdrop of technological change. In a recent World Economic Forum survey, some…

  • The Ultimate Guide to Investing in Boeing for Maximum Returns

    Boeing (NYSE: BA) It faces ongoing challenges in 2025. However, it also has opportunities to execute on its existing backlog in its aerospace and defense businesses. Despite the company’s difficulties, it closed the year with a large order from Pegasus Airlines confirming the underlying demand for Boeing aircraft. To maximize…

  • The Ultimate Guide to Investing in Boeing for Maximum Returns

    Boeing (NYSE: BA) It faces ongoing challenges in 2025. However, it also has opportunities to execute on its existing backlog in its aerospace and defense businesses. Despite the company’s difficulties, it closed the year with a large order from Pegasus Airlines confirming the underlying demand for Boeing aircraft. To maximize…

  • Israel signs $5.2b Boeing deal for F-15 fighter jets

    Yesterday, the Israeli Ministry of Defense signed a huge deal worth $5.2 billion with Boeing to purchase 25 advanced F-15 fighter jets. The deal will be financed by US aid to Israel and includes an option to purchase 25 additional fighter aircraft. Director General of the Ministry of Defense, General…

  • No end for Boeing labor strike as workers reject latest contract proposal

    Breadcrumb links PMN BMN Business Article writer: Associated Press David Koenig and Manuel Valdes Published on October 24, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content SEATTLE (AP) — Boeing factory workers voted…

  • Boeing reports $6B quarterly loss with big union vote looming

    Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…

  • Boeing reports $6B quarterly loss with big union vote looming

    Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…

  • Boeing strike: contract vote makes earnings day a cliffhanger

    Kelly Ortberg’s first earnings as Boeing CEO gained an element of suspense as workers vote on the same day whether to accept the plane maker’s latest proposal and end a five-week strike. Boeing and the union representing 33,000 striking members have reached a tentative new agreement for a 35% pay…

  • Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

    (Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…

  • Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

    (Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…

  • Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

    (Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…

  • Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike

    (Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…

  • Boeing strike: union reaches new deal on wage hike, 401k

    Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…

  • Boeing strike: union reaches new deal on wage hike, 401k

    Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…

  • Is Boeing stock a good buy right now?

    Buying Boeing (BA) Stock on the Dip: A Step-by-Step Trading Plan Using the Levitan Method For investors looking to capitalize on long-term opportunities, buy-the-dip strategies provide a compelling approach. This article presents a structured plan to purchase Boeing (BA) stock using… Levitan methodA buy-low strategy that aims to accumulate stocks…

  • Thousands of UK Boeing jobs at risk as manufacturer plans global cuts

    More than 4,000 Boeing employees in the UK face uncertainty, as the US aerospace giant prepares to cut 17,000 jobs globally, nearly 10% of its workforce. Boeing’s UK operations, including its only European manufacturing facility in Sheffield, may be affected by significant job cuts, as the company faces financial challenges.…

  • Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters

    Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…

  • Boeing to slash 10% of workforce, laying off 17,000 employees

    Boeing announced Friday that it plans to lay off about 17,000 employees, or about 10% of its workforce, as it faces a dismal third-quarter earnings report and ongoing damage from striking workers. Boeing’s new CEO, Kelly Ortberg, shared the news in a letter with employees Friday afternoon after the company…

  • Boeing Withdraws Contract Offer as Union Talks Break Down

    (Bloomberg) — The crisis engulfing Boeing Co. took a dramatic turn after negotiations to resolve the nearly month-long strike collapsed and S&P Global Ratings warned it could downgrade the planemaker’s credit rating to junk. Most read from Bloomberg Both the embattled company and the International Association of Machinists and Aerospace…