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Cpi Aerostructures Receives $14 Million In New Purchase Orders From Boeing Under A-10 Re-Winging Contract
Boeing Says To Start Involuntary Layoffs; Notified First 6,770 Of U.S. Team Members
Ryanair CEO reports spike in bookings but says 'flying blind'
The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.
Aerospace & Defense
100 N Riverside Plz
Lawrence W. Kellner
Independent Non-Executive Chairman of the Board
David L. Calhoun
President, Chief Executive Officer, Director
Gregory D. Smith
Chief Financial Officer, Executive Vice President - Enterprise Performance and Strategy
Executive Vice President, President and Chief Executive Officer, Boeing Global Services
Leanne G. Caret
Executive Vice President, President and Chief Executive Officer of Boeing Defense, Space & Security
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The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge.
Shares in French aerospace companies Airbus <AIR.PA> and Safran <SAF.PA> rose on Thursday, buoyed by Boeing's <BA.N> announcements of more cost-cutting measures and a restart to the production of the Boeing 737 MAX jet.
Boeing Co <BA.N> said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic.
Boeing Co <BA.N> on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a "low rate" after halting production in January following two crashes that killed 346 people.
Boeing Co said Wednesday it will notify 6,770 U.S. workers they are being laid off with "several thousand remaining layoffs" planned in the next few months, chief executive Dave Calhoun told workers in an email.
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.
Turkish Airlines, which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing and Airbus planes, its chairman was quoted as saying on Wednesday.
The Federal Aviation Administration said Tuesday it would require Boeing Co and other aircraft manufacturers to adopt new safety-management tools following two fatal Boeing 737 MAX crashes that killed 346 people.
Ryanair Chief Executive Michael O'Leary, speaking on investor call:
Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday.
Ethiopian Airlines expects a settlement with planemaker Boeing over the 737 MAX plane crash in March last year by end of June, CEO Tewolde Gebremariam told Reuters on Friday.
* SINGAPORE AIRLINES CFO SAYS UPDATED CAPITAL SPENDING FORECAST DOES NOT REFLECT NEGOTIATIONS WITH AIRBUS, BOEING ON DELIVERY DEFERRALS
Brazil airline Gol Linhas Aereas Inteligentes <GOLL4.SA> said on Wednesday it will receive up to 2.4 billion reais ($412 million) from Boeing Co <BA.N> as compensation for the grounding of the 737 MAX plane, in a mix of cash and credits.
Brazil airline Gol Linhas Aereas Inteligentes said Wednesday it will receive a total of 2.4 billion reais ($412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.
Qatar Airways, one of the Middle East's biggest airlines, is in talks with Airbus and Boeing to defer aircraft orders for several years, its chief executive was quoted as saying on Wednesday.
* CEO says aviation market could take until 2023 to fully rebound
Boeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.
Planemaker Embraer said Tuesday that its commercial jet deliveries slumped by more than half during the first three months of 2020 compared to a year ago, blaming the drop on preparations for its failed deal with Boeing Co.
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O'Leary told Reuters.
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.