Boeing posts third-quarter net loss of $6.17 billion driven by ongoing strike
Boeing has announced its third-quarter results for 2024, revealing the significant impact of industrial action by the International…
Boeing
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Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the U.S.’s largest exporter by dollar value, and one of the largest employers in the United States.
Key Facts
- Type: Publicly traded company
- Industry: Aerospace, Defense
- Founded: July 15, 1916; 107 years ago in Seattle, Washington, USA
- Founders: William E. Boeing, George Conrad Westervelt
- Headquarters: Chicago, Illinois, USA (since 2001)
- Key People: Dave Calhoun (President and CEO), Brendan Nelson AO (Senior Vice President)
- Products: Commercial airplanes, military aircraft, rotorcraft, rockets, satellites, missiles, telecommunications equipment
- Services: Aircraft leasing, maintenance, training, data analytics
Revenue: US$77.79 billion (2023) - Number of employees: 170,688 (2023)
- Website: https://www.boeing.com
Boeing machinists to vote on new contract proposal amid five-week strike
Striking machinists at Boeing will vote on October 23, 2024, on a new contract proposal that could end…
Boeing lays ground for $35bn in funding, 10bn already secured from US banks
Boeing has positioned itself to secure up to $35 billion in funding as the planemaker looks to shore…
Boeing to issue layoff notices to thousands of workers in November 2024
Boeing plans to issue layoff notices to thousands of workers in November 2024, meaning those employees will leave…
Boeing to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing plans to cut 10% of its workforce and postpone the first deliveries of its 777X jet as…
Boeing’s Compact Laser Weapon defeats large drones in Red Sands Exercise
Boeing reported that its Compact Laser Weapon System, or CLWS, successfully engaged and defeated large drones for the…
Boeing submits filing against IAM union, accusing it of “bad faith bargaining”
Boeing has submitted a filing to the National Labor Relations Board (NLRB) claiming of unfair labor practice. It…
US Space Force prepares X-37B space drone for aerobraking maneuver
The US Space Force is preparing to execute a series of orbital maneuvers with its X-37B Orbital Test…
Boeing ends talks with IAM union, says further negotiations “do not make sense”
Boeing has withdrawn its ‘best and final’ contract offer to 33,000 Boeing factory workers on the US West…
Boeing reveals totals of new aircraft deliveries in the third quarter of 2024
Boeing has released its latest figures for the total number of aircraft the company delivered in the third…
Machinists’ union fails to reach deal after mediation, contract talks resumes
The union representing 33,000 striking Boeing factory workers on the US West Coast said the latest mediation meeting…
SpiceJet fleet expands with introduction of 10 aircraft by end of November 2024
The Indian low-cost carrier SpiceJet has confirmed that its commercial fleet is due to expand with the introduction…
Boeing cancels health insurance for striking workers, union calls it ‘error’
The union representing 33,000 striking Boeing workers in Washington, California and Oregon has said executives have “made an…
Ryanair 737-8 MAX damages 450m of runway as landing gear tires suffer blowout
A Ryanair Boeing 737 MAX was left stranded on the runway at Milan Bergamo Airport (BGY) in Italy…
Defective part may be installed on Boeing 737s flown by 40 non-US carriers: NTSB
In a letter to the Federal Aviation Administration (FAA) the chair of the National Transport Safety Board (NTSB)…
Machinists’ union breaks mediated negotiations with Boeing, strike continues
The International Association of Machinists and Aerospace Workers (IAM) has announced that discussions to resolve the machinists’ strike…
SpaceX launches mission to rescue ISS astronauts stranded by Boeing Starliner
A SpaceX mission successfully lifted off from Florida’s Cape Canaveral on September 28, 2024. It is heading to…
Safety alert: NTSB ‘uncertain’ number of Boeing 737s flying with impaired part
The National Transportation Safety Board (NTSB) has issued an urgent safety recommendation to Boeing and the Federal Aviation…