Advertisement Boeing's CEO is cutting private jet use for executives to reduce costs.The company directed executives to fly economy on commercial flights instead.Boeing is searching for ways to save money after a rough year.Boeing's new CEO is cutting back on expensive private jet flights for the company's top executives in a cost cutting move.Boeing CEO Kelly Ortberg grounded much of the company's fleet of private jets and is now directing executives to fly economy on scheduled commercial flights, Bloombe ...

Shares of The Boeing Company (BA) have lost 12.3% in the past three months, underperforming the Zacks aerospace-defense industry and the broader Zacks Aerospace sector’s decline of 10.3% and 6.4%, respectively. The company also lagged the S&P 500’s rise of 6.3% in the said time frame.Image Source: Zacks Investment ResearchThe stock’s three-month price return also lagged that of three key commercial jet makers, namely Embraer (ERJ) , Airbus Group (EADSY) and Textron (TXT) . Shares of Embraer surged 14.9%, wh ...

The Boeing Company (BA) recently secured a modification contract to remanufacture Block I CH-47F Chinook helicopter into Block II. The award is expected to be completed by Dec. 31, 2026. Valued at $113.1 million, the contract has been provided by the Army Contracting Command, Redstone Arsenal, AL.What’s Favoring Boeing?As nations across the globe continue to strengthen their defense structures, spending on military arms and ammunition that boast technologically advanced features continues to increase manifo ...

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 ...