368.80 +0.24 (0.07%)
After hours: 7:05PM EDT
|Bid||368.72 x 1000|
|Ask||369.20 x 900|
|Day's Range||368.35 - 379.31|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||21.10|
|Forward Dividend & Yield||8.22 (2.41%)|
|1y Target Est||N/A|
Captain “Sully” Sullenberger told Congress that pilots need robust training before the 737 Max returns to the skies.
The Boeing Co. said Wednesday it plans to shift the headquarters of its space and launch arm from Arlington to the eastern coast of Florida. The division, part of Boeing's defense, space and security business line, will relocate to Titusville, Florida, home to NASA's Kennedy Space Center and the Cape Canaveral Air Force Station, as well as Patrick Air Force Base. Boeing (NYSE: BA) didn't delineate how many employees would make the move from Arlington, where its regional headquarters currently resides, at 929 Long Bridge Drive on the north side of Crystal City.
At the Paris Air Show this week, all eyes in the aviation industry are watching how recent turmoil will impact order performance. The past few years have been stellar for the industry, but may be about to change.
The Boeing Company's (BA) current forecast through 2028 has been made keeping in mind the U.S. government's ongoing efforts in modernizing various military platforms and systems.
NASA's flagship space launch system being built by Boeing is taking years longer than expected with cost overruns of nearly $2 billion, an audit found on Wednesday, raising questions about meeting a goal of returning humans to the moon by 2024. The General Accounting Office (GAO) identified $1.8 billion in cost overruns, including $800 million that NASA obscured in previous reports on its Space Launch System (SLS), the rocket and capsule that will eventually take humans back to the moon. The issues around the rocket's development, led by Boeing Co , mean that the first launch of the SLS originally scheduled for late 2017 could be delayed until June 2021.
Southwest Airlines said demand from the flying public is strong. The timeline, however, for getting Boeing’s 737 MAX back in the air remains uncertain.
The General Accounting Office (GAO) identified $1.8 billion in cost overruns, including $800 million that NASA obscured in previous reports on its Space Launch System (SLS), the rocket and capsule that will eventually take humans back to the moon. The issues around the rocket's development, led by Boeing Co, mean that the first launch of the SLS originally scheduled for late 2017 could be delayed until June 2021.
Airbus retook the lead from Boeing with a flurry of A321XLR orders and teased a “big number” for end of the Paris Air Show.
Southwest Airlines shares fell even after the company raised unit revenue guidance. Its grounded Boeing 737 Max fleet is hitting capacity and seeing rising costs.
Citigroup said General Electric's core aviation unit is leading GE's transformation on the back of its stability and underlying growth.
Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20. A shake-up among regional jet makers vied for attention at the Paris Airshow as Embraer lined up against the Canadian A220, recently absorbed by Europe's Airbus, and Japan's Mitsubishi sought to make a splash with its own rebranded Spacejet. Embraer, whose commercial aircraft business is in the process of being acquired by Boeing, said first deliveries of the E195-E2 jets to KLM would begin in March.
Boeing's tweet comes a few days after it revealed at the Paris Air Show that the first flight of the 777X would be delayed.
A European-based aerospace supplier, in the closing stages of being acquired by Wichita’s Spirit AeroSystems Inc., was recently hit by a ransomware cyber attack that shut down its operations. Asco Industries Inc. says on its website that the attack, which happened last week, caused “a serious disruption on all of our activities” and caused the stoppage of work at all of its sites in Belgium, Germany, Canada and the United States. “With the help of external expertise, we installed several network streams to allow a safe and secure restoration of our systems in the different sites.
Jon Weaks, who heads Southwest' powerful pilots union doesn't like a lot about how Boeing has handled the far-from-over MAX mess.
American Airlines is betting on Airbus SE for its next jet shipment, ordering 50 new A321XLR passenger jets from the French aerospace company. The order includes 20 new A321XLR planes and the conversion of 30 existing A321neo orders.
Chesley "Sully" Sullenberger, who in 2009 landed a US Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded Boeing 737 MAX should get new simulator training before the plane returns to service. Sullenberger, who has blasted Boeing Co and the Federal Aviation Administration for their roles in the two 737 MAX crashes since October that killed 346 people, also said the U.S. system of certifying new aircraft is not working. "Our current system of aircraft design and certification has failed us," he said.
The Federal Aviation Administration (FAA) certification system for new pilots and planes is flawed. The legendary pilot made the comments to a Congressional committee as a response to two deadly Boeing crashes that killed 346 people since October. “Our current system of aircraft design and certification has failed us,” Sullenberger told the congressional panel on Wednesday.
Three airlines said at the Paris Air Show that they intend to buy Boeing 777 Freighter and passenger jets for their expansions and to replace old 747 jets.
Southwest Airlines Co expects higher unit revenues, and costs, in the second quarter than previously forecast due to the ongoing grounding of Boeing's 737 MAX aircraft, which has led to more than a hundred flight cancellations per day. The global MAX grounding, which followed two deadly crashes in Indonesia and Ethiopia, has meant that airlines have fewer seats to sell, even though costs remain. Southwest last week joined larger rival American Airlines in extending its removal of the MAX planes from its schedules until the start of September.
Boeing (BA) has received major orders for its wide-body twin-aisle Dreamliner planes. The aircraft manufacturer desperately needed new orders for its other planes, as orders for its fast-selling single-aisle 737 MAX jets have been frozen following the Ethiopian Airlines crash on March 10.
Efforts to get Boeing's 737 Max jet back in the air face more delays over concerns that pilots need the physical strength to be able to turn a manual crank in emergencies, according to the Wall Street Journal. This as retired U.S. airways captain Sully Sullenberger is speaking out about safety concerns. Yahoo Finance's Zack Guzman, Sibile Marcellus and “The Latte Factor” Author & AE Wealth Management Co-Founder David Bach discuss.
Sully telling lawmakers that pilots need new simulator training before these planes return to service, and that Boeing's recommended hour-long computer course is not enough.