#boeing

#boeing

Boeing played an integral role in World War 2. The B-17 Flying Fortress and B-29 Superfortress bombers, both produced by Boeing, became iconic symbols of American air power. These aircraft delivered devastating blows to Axis forces, with the B-29s dropping the atomic bombs on Japan. Aside from bombers, Boeing also manufactured fighter planes, reconnaissance aircraft, and transport planes.

Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5bn charge due to the delays, in another series of setbacks for the aerospace giant. The 777X was central to Boeing's long-term widebody strategy, previously dominated by its 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of more than $15bn and straining its finances, while giving an opening to rival Airbus's competing A350

US aviation giant Boeing posted quarterly losses of $5.4 billion (roughly 4.6 billion) on Wednesday. This was prompted in large part by a $5 billion penalty for pushing back the first delivery of its long-delayed 777X model until 2027. The loss includes compensation payable to customers facing delayed deliveries, Boeing said. Last month, CEO Kelly Ortberg had said the company was behind schedule in certifying the jet and that a "mountain of work" still needed to be done. But he had not announced further delays beyond the 2026 delivery date that was planned at the time.

Turkish Airlines, Turkey's national carrier, has announced plans to add 225 Boeing aircraft to its fleet.In an a declaration to the Istanbul Stock Exchange on Friday, the airline said it has decided to purchase 75 Boeing B787-9 and B787-10 aircraft and has completed negotiations with Boeing to acquire 150 737-8/10MAX models.The announcement was made a day after Turkish President Recep Tayyip Erdogan met with U.S. President Donald Trump in Washington.

It's hard to believe, but shares of BA are still down close to 52% from 2019 highs. And while the company has gone through more than its fair share of turbulence, it remains just one of two global players. As plane demand comes online again, Boeing will naturally benefit, even with its painful past. With Boeing stock recently correcting off its 52-week highs, perhaps there is an opportunity to snag shares of Boeing before some potentially timely catalysts have a chance to really come into effect.

The NTSB said in June that "the probable cause of this accident was the in-flight separation of the left MED [mid exit door] plug due to Boeing's failure to provide adequate training, guidance, and oversight necessary to ensure that manufacturing personnel could consistently and correctly comply with its parts removal process." The NTSB also said the FAA's compliance and enforcement systems "were inadequate to identify repetitive and systemic discrepancies and nonconformance issues" at Boeing.

"IAM District 837 members build the aircraft and defense systems that keep our country safe," IAM's Midwest Territory general vice president, Sam Cicinelli, said in the statement. "They deserve nothing less than a contract that keeps their families secure and recognizes their unmatched expertise."

A tanker truck spilled more than 4,500 gallons of toxic nitric acid due to a mechanical failure, leading to road closures near a Boeing facility.

Donald Trump's proposed 200% tariff on European alcoholic beverages, particularly targeting Irish whiskey, threatens severe damage to the Irish whiskey sector, heavily reliant on US exports.

"He's got complicated grief and sorrow and his own emotional stress," said Njoroge's lawyer, Robert Clifford. "He's haunted by nightmares and the loss of his wife and children."

Boeing has faced significant challenges, from a series of aircraft malfunctions and management missteps to a strike by more than 33,000 machinists in 2024.

The tragic scenes of last week's Air India crash loom over the Paris Air Show, highlighting the impact of geopolitical tensions on the aviation industry.

President Joe Biden's diagnosis of aggressive prostate cancer is alarming for both him and the nation, highlighting concerns about his health as he navigates his presidency.

Trump emphasized that the purchase of Boeing jets was not just a deal but a statement of American prestige. He believes we should have the most impressive plane, comparing it to Gulf monarchies' aircraft.

The EU's proposed tariffs are aimed at a broad range of US exports, including Boeing aircraft and various consumer goods, reflecting ongoing tensions in trade relations.

We are taking this building amidst the current and renewed wave of the student Intifada, following the uprising of student action for Palestine after the heroic victory of Al-Aqsa Flood on October 7th, which shattered the illusion of Zionist-imperialist domination and brought Palestine to the forefront for all justice-loving people of the world.

Boeing's decision to offload several businesses for over $10.5 billion aims to refocus its operations on core airplane manufacturing while addressing significant debt.