Boeing has dispatched a prominent executive to help Rolls-Royce Holdings work through escalating engine problems that have grounded dozens of 787 Dreamliners. Keith Leverkuhn is serving as Boeing's eyes and ears at Rolls factories in Singapore and Derby, England, where the Trent 1000 engine is manufactured and being repaired. Leverkuhn, an engineer with expertise in propulsion, is best known for steering Boeing's 737 MAX through development to its commercial debut a year ago, months ahead of schedule. Leverkuhn's special assignment to Rolls signals the importance Boeing is placing on containing the disruption to its marquee jetliner — and placating airline customers as the crucial summer travel season approaches.
Boeing Co has been awarded a $416 million modification to a contract for the manufacture and delivery of P-8A multi-mission maritime aircraft for the U.S. Navy, the Pentagon said in a statement on Thursday....
Boeing (BA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
On May 22, crude oil (DBO) rose towards $80.0 per barrel. The surge in the price was due to concerns over dwindling Venezuelan crude output as well as a potential fall in Iranian exports. The deal among the OPEC (Organization of the Petroleum Exporting Countries) and Russia to trim oil supply coupled with a solid global demand has fueled the recent oil price rally.
On May 8, President Donald Trump announced that the US would withdraw from the nuclear deal with Iran. The statement resurrected fears of the US re-imposing sanctions on Iran. President Trump was of the view that Iran has used the nuclear pact and diverted oil receipts to create anarchy in the Middle East.
The Air Force's fleet of 430 T-38 trainers arguably is more dangerous than it needs to be. The reason is that military modernization budgets were starved during the Obama years, and the Air Force had to delay buying better trainers. The Air Force now has a competition going to decide which of three industry teams should supply it with 350 new training aircraft plus high-fidelity ground simulators.
The Brazilian government is “optimistic” about a deal between Boeing Co. and Embraer SA and initial concerns about the potential military impact have been overcome, the country's defense chief said. The South American plane-maker rallied. Defense Minister Joaquim Silva e Luna said he's hopeful that talks between the two companies will wrap up by the end of the year, when the term of the current government expires. He said there have been no setbacks in the negotiations. “All of us, Boeing and Embraer too, are optimistic,” he said in an interview in his office in Brasilia. “There was concern about preserving investments in our defense base, so that strategic projects wouldn't be interrupted. That
CHICAGO, May 23, 2018 /PRNewswire/ -- Just like signing days for athletes, the inaugural Chicago Science, Technology, Engineering and Mathematics (STEM) Signing Day on Thursday, May 24, will celebrate high school seniors from across the Chicagoland area as they make commitments to some of the country's top technical schools, colleges and universities. Students will sign STEM Letters of Intent at City Hall in downtown Chicago during a ceremony attended by elected officials and business and community leaders. The students were recruited by and applied through the Chicago STEM Pathways Cooperative, a Project Exploration initiative – which is a community-based effort aimed at addressing inequities in the STEM learning landscape from early childhood to career.
Responding to last week's ruling by the World Trade Organization (WTO) that Airbus has failed to remedy the harm done to Boeing from illegal subsidies on its A350 and A380 jet programs, the European planemaker said Tuesday it has agreed on some confidential amendments to the government loans for those programs. Airbus General Counsel John Harrison claimed Tuesday that with those moves the jetmaker has “now achieved full compliance” with the demands of the WTO. The U.S. government is unlikely to accept that perspective. It's expected to begin formal WTO proceedings in the coming weeks to set up the next stage of arguments in the case: determining how much financial damage Airbus's subsidized jets
Boeing's booming commercial aircraft business will help keep its stock strong, while the overall defense sector's six consecutive years of outperformance have come to an end, according to Credit Suisse.