When it comes to aerospace, Boeing ((BA) is the name on everyone’s lips. But recently, this industry titan has found itself struggling to get its wings back. Let’s cut through the buzz and dive into why Boeing might not be the high-flyer it once was, and why I’m naming it today’s Bear of the Day.Boeing is a leading American multinational corporation in the aerospace and defense sectors. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide, and provi ...

The Boeing Company (BA) recently clinched a modification contract for the procurement and delivery of seven of its P-8A Poseidon aircraft. The award has been provided by the Naval Air Systems Command Patuxent River, MD. Valued at $1.68 billion, the contract is expected to be completed by September 2030. The majority of the work related to this deal will be carried out in Seattle, WA.What’s Favoring BA Stock?Rising global security challenges, including Russia’s invasion of Ukraine and prolonged unrest in par ...

On the surface, Boeing (BA 4.10%) looks as though it has all the ingredients of a potential millionaire-maker investment. The aircraft market is growing, competition is minimal, and government contracts are plentiful. But despite its many advantages, this aerospace leader has lost 60% of its value in half a decade. Has that decline created a buying opportunity for this once-stellar business, or should it be viewed as a warning to investors to stay far away? A spectacular economic moatThe phrase "economic mo ...

The Boeing Company (BA) recently secured an order worth $2.38 billion from the U.S. Air Force to manufacture 15 additional KC-46A Pegasus aerial refueling tankers. This contract win should significantly boost the aerospace giant’s Boeing Defense, Space and Security (“BDS”) business segment.Significance of Boeing’s KC-46A Pegasus The KC-46 Pegasus is a wide-body, multirole tanker that can refuel all U.S. allied and coalition military aircraft compatible with international aerial refueling procedures. The tan ...

Advertisement The FAA is reviewing an issue with the Boeing 737 Max's engine.Boeing may need to come up with a permanent solution, The Seattle Times reported.That may further delay the certification of the Max 7 and Max 10, which are years behind schedule.Boeing could face further delays to new jets as regulators examine an engine issue.It comes after two incidents on Southwest Airlines Boeing 737 Max jets last year.Advertisement In March 2023, smoke poured into the cabin after a bird hit an engine shortl ...

Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) has inked a binding contract with USP&E North America LLC for the sale of surplus generators at the Nifty Copper Mine in Western Australia in return for US$6.05 million, the equivalent of about A$9.3 million.The company has already received a non-refundable deposit of US$600,000 for the contract, with full payment to be received once the generator units have been moved from the site, expected around February 14, 2025.CYM intends to use the additional funding for worki ...

Boeing is set to lay off 2,199 workers in the state of Washington in the coming months, with some losing their jobs just days before Christmas. The aviation company notified the state of Washington of the cuts, according to FOX 13 Seattle. Another 220 people will lose their jobs in South Carolina, Reuters reported. The two states are where Boeing builds commercial airliners.The layoffs are part of the debt-heavy U.S. planemaker's plan to cut 17,000 jobs, or 10% of its global workforce, according to a union ...

Boeing will lay off more than 200 workers based in South Carolina as part of a massive cost-cutting drive that will slash 17,000 employees — or 10% of its workforce.The aerospace giant last week notified 220 employees who assemble the 787 Dreamliner aircraft at a Charleston-based facility that they would be let go, according to WCBD-TV.On Monday, Boeing said in a notice filed with the Employment Security Department in Washington that it has so far laid off 2,199 workers in that state. 3 Boeing has said it ...

Boeing is set to lay off 2,199 workers in the state of Washington just days before Christmas, and workers in other states will be impacted, as well. The aviation company notified the state of Washington of the cuts, set to happen on Dec. 20, according to FOX 13 Seattle. Another 220 people will lose their jobs in South Carolina, Reuters reported. The two states are where Boeing builds commercial airliners.The layoffs are part of the debt-heavy U.S. planemaker's plan to cut 17,000 jobs, or 10% of its global w ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...