Aviation giant Boeing has announced plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. Boeing must “reset our workforce levels to align with our financial reality,” Chief Executive Kelly Ortberg said on Friday, October 11, 2024. …
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Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the Justice Department said Sunday night. Federal prosecutors gave …
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FAMILIES that lost loved ones in two Boeing 737 Max crashes said last Wednesday that the company committed the “deadliest corporate crime in US history” and asked the Justice Department to fine the company the maximum $24 billion it could face in a criminal trial. The families wrote to the …
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Boeing’s chairman on Tuesday gave a forceful vote of confidence in CEO Dennis Muilenburg amid calls in Congress for the embattled Boeing chief executive to resign after two deadly crashes. “Dennis has done everything right,” Boeing Chairman David Calhoun told CNBC, praising Muilenburg for keeping the board closely abreast of …
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Boeing Co (BA.N) reported a 53% drop in quarterly profit on Wednesday and had a negative free cash flow of $2.89 billion in the quarter, compared with a positive free cash flow of $4.10 billion a year earlier. Core operating earnings fell to $895 million or $1.45 per share, from …
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