Hundreds of pages of documents obtained by the Business Journal reveal multiple safety lapses in Boeing's fighter jet work ...
Boeing CEO and President Kelly Ortberg has completed a portfolio review of the embattled aerospace and defense giant’s ...
Hefty cost overruns continue for Boeing ’s Defense and Space business as the company has announced another $1.7 billion in ...
The aircraft giant continues to work around fixed-price contracts that require it to cover cost overruns. “There’s no silver ...
The new charges come after the aerospace giant’s defense unit in the third quarter logged a $2 billion pre-tax loss, prompting Ortberg at the time to call for the company to pivot back to prior ...
While much of the public attention has been on Boeing’s troubled civil aviation unit, the figures revealed the equally precarious state of the defense business, which suffered $1.7 billion in ...
Analyst Matthew Akers of Wells Fargo maintained a Sell rating on Boeing (BA – Research Report), boosting the price target to $103.00.Invest ...
Boeing’s defense business faced another tough quarter, with a projected loss of $1.7 billion when it reports its fourth-quarter earnings next week—bringing total losses for the sector to nearly $5 ...
Ortberg said in the interview he is considering non-core segments to sell, likely from Boeing's defense, space and services division. “This is not going to be a major restructuring of the Boeing ...
Boeing stated that the results reflect the impact of the IAM work stoppage, charges on certain defense programs, and costs associated with last year’s workforce reductions. Related: Boeing Stock ...
He said he is looking at non-core segments to sell, likely from Boeing's defense, space and services divisions. Boeing's commercial airplanes business is already streamlined, he said. For now ...