Category: Boeing
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Boeing criminal plea deal should be accepted, US DOJ says By Reuters
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By David Shepardson and Jasper Ward The U.S. Justice Department said on Wednesday that Boeing Co.’s plea deal on a criminal charge related to software linked to two fatal crashes of its 737 Max jets should be accepted, after some relatives of the 346 people killed in the crashes argued…
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NASA watchdog hits Boeing on quality control problems with Space Launch System (NYSE:BA)
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sanfel/iStock Editorial via Getty Images NASA’s internal oversight body has released a new report. a report Serious quality control flaws found on Boeing aircraftNYSE:BAThe factory is working on the next version of the space launch system. NASA’s Office of Inspector General said: Discover big problems With Boeing (BA)) Work on…
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US NTSB opens hearing on Boeing 737 MAX 9 mid-air emergency By Reuters
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By David Shepardson, Alison Lambert, Abhijith Ganapavaram, and Tim Heffer WASHINGTON (Reuters) – The U.S. National Transportation Safety Board on Tuesday questioned key witnesses from Boeing Co, Spirit Aerosystems Inc and the Federal Aviation Administration about an Alaska Airlines 737 MAX 9 passenger cabin panel exploding in flight in January.…
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Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
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(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…
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Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
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(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…
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Boeing exec says planemaker has settled on design for MAX 7 icing issue By Reuters
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By David Shepardson LONDON (Reuters) – Boeing Co has settled on a design to address an engine anti-icing system that has caused a significant delay in the certification of the 737 MAX 7, the chief executive of the planemaker’s commercial airplanes division said, suggesting the fix could be completed by…
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Boeing expects 787 suppliers to catch up by year’s end, restoring output By Reuters
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Written by Alison Lambert (Reuters) – Boeing Co expects delayed suppliers to make up for parts that have slowed production of its 787 jetliner to less than five a month, as the U.S. planemaker works to restore production of two key commercial programs by the end of the year. Boeing…
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Boeing to supply E-7 in first major win since plea deal By Reuters
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FAIRFORD, England (Reuters) – The U.S. Air Force said it had reached an agreement with Boeing Co to supply E-7 Wedgetail early warning and control aircraft, downplaying concerns that the company’s internal crisis could hurt its ability to supply the Pentagon. The interim deal includes rapid production of prototypes as…
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Exclusive-US-Japan Patriot missile production plan hits Boeing component roadblock By Reuters
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By Nobuhiro Kubo and Tim Kelly TOKYO (Reuters) – A U.S. plan to use Japanese factories to boost production of Patriot air defense missiles, used by Ukraine to defend against Russian attacks, has been delayed by a shortage of a vital component made by Boeing Co, four sources said. Japan’s…
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Boeing begins 777-9 certification flight trials with US FAA By Reuters
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(Reuters) – Boeing Co has begun flight tests of its long-awaited 777-9 jetliner with U.S. aviation regulators on board, the U.S. planemaker said in an emailed statement. The company said it made its first flight on Friday evening after receiving its Type Inspection Authorization (TIA). The development is a boost…
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Boeing in talks with US defense department on impact of guilty plea
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By David Shepardson WASHINGTON (Reuters) – Boeing Co is in talks with the U.S. Defense Department about how the planemaker’s planned guilty plea will affect its wide-ranging government contracts, a person familiar with the matter said. Boeing Co. has agreed to plead guilty to a charge of criminal fraud conspiracy…
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Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes By Reuters
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By Chris Prentice, Mike Spector, and David Shepardson NEW YORK/WASHINGTON (Reuters) – Boeing Co has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department investigation into two deadly crashes of its 737 MAX jetliner, the government said…
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Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes By Reuters
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By Chris Prentice, Mike Spector, and David Shepardson NEW YORK/WASHINGTON (Reuters) – Boeing Co has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department investigation into two deadly crashes of its 737 MAX jetliner, the government said…
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Spirit Aero chief in spotlight as Boeing searches for new CEO By Reuters
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Written by Rajesh Kumar Singh CHICAGO (Reuters) – Boeing Co’s long-awaited announcement that it will buy back its troubled supplier Spirit Aerosystems Inc has now turned investors’ focus to the planemaker’s search for a new chief executive. Boeing is looking for a new chief executive after Dave Calhoun said in…
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Explainer-How a Boeing plea deal could affect the planemaker By Reuters
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By Chris Prentice and Mike Spector (Reuters) – The U.S. Justice Department will file criminal fraud charges against Boeing Co over two fatal crashes and will require the planemaker to plead guilty or face trial, people familiar with the matter said on Sunday. Boeing will have until the end of…
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Boeing agrees to buy Spirit AeroSystems for $4.7 billion
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Boeing agreed on Sunday to buy Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the company at $4.7 billion, according to people familiar with the deal. The U.S. planemaker also plans to assume about $3.5 billion of Spirit’s debt as part of the deal,…
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Exclusive-US pushes for Boeing to plead guilty in connection with fatal crashes, sources say By Reuters
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By Mike Spector and Chris Prentice (Reuters) – The U.S. Justice Department is pressing Boeing Co to plead guilty to a criminal charge after finding the planemaker violated a settlement over deadly 737 Max crashes in 2018 and 2019 that killed 346 people, two people familiar with the matter said…
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Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say By Reuters
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Written by Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing Co and relatives of victims of the deadly Boeing plane crash as a July 7 deadline approaches for the Justice Department to decide whether to file charges, two people familiar with the matter…
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NTSB chastises Boeing for media statements on Alaska Airlines probe (NYSE:BA)
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Wirestock/iStock Editorial via Getty Images boeing (NYSE: B.S) has faced another hurdle in the ongoing investigation into the blown door seal of Alaska Airlines Flight 1282, as the National Transportation Safety Board has imposed sanctions on the plane’s maker over statements it made at a recent news conference. National Transportation…
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Exclusive-US prosecutors recommend DOJ criminally charge Boeing as deadline looms By Reuters
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Written by Chris Prentice, Mike Spector, and Allison Lambert WASHINGTON (Reuters) – U.S. prosecutors have recommended top Justice Department officials file criminal charges against Boeing Co (NYSE:) after it emerged that the planemaker violated a settlement related to two fatal accidents, two people familiar with the matter told Reuters. The…