Boeing said it is issuing layoff notices to employees who are included in the aerospace giant’s broader workforce reduction plan.The approximately 17,000 employees included in the cuts were notified this week and are expected to leave the company in mid-January, Boeing said. The cuts, which come after a labor union strike, equate to 10% of its workforce.“We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing said in a statement to FOX Business ...

The company's equity raise will de-risk its operations, and that's great for its suppliers.When it comes to the commercial aircraft manufacturing industry, Boeing (BA -3.58%) is too big to trail. It's the largest U.S. exporter and a pivotal part of the economy. Its commercial aerospace and defense businesses provide employment and a key end market for leading companies such as GE Aerospace (GE 0.50%), RTX (RTX 0.31%), and smaller but no less crucial suppliers like Hexcel (HXL 0.10%).That's why its latest ne ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Jet maker Airbus SE ( OTCPK:EADSF ) ( OTCPK:EADSY ) recently reached a delivery milestone with the first Airbus A321XLR being handed over to Iberia . To those who solely follow the headlines, one would think that Airbus isDhierin runs the investing ...

Boeing Stock Is Down Again. Here Are the Reasons Investors Should Pay Attention To. ...

MIAMI, Nov. 12, 2024 /PRNewswire/ -- With a strong air cargo market exceeding pre-pandemic levels, Boeing [NYSE: BA] forecasts continued long-term growth, saying air cargo traffic will increase by an average of 4% per year through 2043. These projections appear in Boeing's 2024 World Air Cargo Forecast (WACF), the biennial overview and long-term outlook for the air cargo industry. "As the quickest and most reliable way to move goods, air cargo's sustained growth has returned the industry to its long-term t ...

An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021.Boeing's more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories humming again will take weeks, the manufacturer said.Boeing machinists approved a new contract last week that included 38% pay raises over four years and other improvements, ending a more than seven ...

WICHITA, Kan., Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces an Advance Payments Agreement with Boeing, in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350,000,000.00 to produce Boeing products at the rates required by Boeing. Boeing intends these payments to address Spirit's high levels of inventory and lower operational cash flows, decrease in expected deliveries to Boeing and higher factory costs to maintain rate readiness, and lingering ...

Core Insights - Millennium Space Systems has completed two spacecraft for NASA's TRACERS mission, which aims to study the connection between solar wind and Earth's magnetic field [1][2] - The TRACERS mission is crucial for understanding space weather, which has significant implications for national security and satellite operations [1][2] - The spacecraft will conduct on-orbit operations in a sun-synchronous orbit, focusing on the polar cusp region of Earth's magnetic field [2][3] Company Overview - Millennium Space Systems, a Boeing company, specializes in high-performance small satellite solutions for National Security Space, with a focus on rapid delivery and vertical integration [5] - The company was founded in 2001 and has established active production lines that enable it to deliver small satellites across various missions and orbits, including LEO, MEO, and GEO [5] Mission Details - The TRACERS mission is led by the University of Iowa and managed by the Southwest Research Institute, with oversight from NASA's Heliophysics Explorers Program Office [4] - The mission's instrument suite includes five different instruments from four institutions, designed to study magnetic reconnection and cusp electrodynamics [3] - The data collected will enhance the understanding of Earth's magnetosphere and improve forecasting of space weather events, which can impact technology and infrastructure on Earth [3]

SEATTLE, Nov. 12, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Avia Solutions Group, the world's largest ACMI (aircraft, crew, maintenance, insurance) provider, today announced its first order with the company for 40 737-8s, with the potential to order 40 more later.Avia Solutions Group has 11 air operator certificates (AOC) including Avion Express, Smartlynx, Klasjet, Air Explore, BBN, Ascend Airways and Skytrans among others. These AOCs operate year round in over 60 countries on behalf of various scheduled ...

Boeing secured its first order since the end of a seven-week strike.Avia Solutions Group, which leases planes to airlines, ordered 80 Boeing 737 Max jets.There's still a difficult road ahead for the embattled planemaker to up production and improve quality. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...