Boeing reported a significant fourth-quarter loss on January 28, following a difficult 2024, but shares surged amid optimism that early signs of a turnaround under a new CEO could yield results. The company announced a loss of US$3.9 billion as the company continued to suffer from the effects of a more than seven-week labour strike […]
Boeing shares rally despite heavy fourth-quarter loss Read More »
Boeing has announced an estimated loss of US$4 billion for the fourth quarter of 2024, reflecting significant financial and operational challenges. The company projects a loss of US$5.46 per share and US$15.2 billion in revenue—below analysts’ expectations, according to LSEG estimates. Additionally, Boeing burned through US$3.5 billion in cash during the quarter but raised over
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Boeing has partnered with Norsk e-Fuel, becoming a key development partner in one of Europe’s first large-scale power-to-liquids (PtL) facilities. This collaboration aims to accelerate the production and availability of sustainable aviation fuel (SAF), supporting global efforts to achieve net-zero carbon emissions in aviation by 2050, in line with goals set by the International Civil
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Boeing has appointed Dana Deasy as the company’s new Chief Information and Digital Officer and Senior Vice President of Information Technology & Data Analytics. Deasy assumed the role on December 31, 2024, overseeing all aspects of information technology, information security and data and analytics. He will report directly to Boeing President and CEO Kelly Ortberg
Boeing names Dana Deasy Chief Information Officer Read More »
Boeing and Pegasus Airlines have announced a landmark agreement for Türkiye’s leading low-cost carrier to expand and modernise its single-aisle fleet with an order of up to 200 737 MAX aircraft. The deal includes a firm order for 100 737-10 jets, with options for an additional 100. Pegasus Airlines launched operations nearly 35 years ago
Pegasus Airlines chooses additional 100 Boeing 737 MAXs Read More »
Boeing announced late on Tuesday that it has resumed production of all its aircraft programmes previously halted due to a machinists’ strike in the Pacific Northwest, Reuters news agency reported. The aerospace company confirmed last week that production of its best-selling 737 MAX jetliner restarted in early December, approximately one month after the conclusion of
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Boeing has announced plans to invest US$1 billion in infrastructure upgrades at its Charleston County, South Carolina facilities, creating 500 new jobs over the next five years. This expansion supports increased production of the 787 Dreamliner, reflecting the company’s confidence in the workforce and growing market demand. For over a decade, Boeing South Carolina (BSC)
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The U.S. Army has awarded Boeing a US$135 million contract for three additional CH-47F Block II Chinook helicopters as part of its ongoing modernisation programme. This Lot 3 contract is a continuation of the Army’s efforts to upgrade its heavy-lift capabilities to meet evolving mission requirements worldwide. The announcement follows the Army’s decision in February
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Boeing has secured a US$2.38 billion contract from the U.S. Air Force to produce 15 additional KC-46A Pegasus tankers under Lot 11. This brings the total number of KC-46A multi-mission aerial refuelers on contract globally to 168, reinforcing advanced capabilities for the U.S. and its allies. Lynn Fox, Vice President and KC-46 Programme Manager at
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GE Aerospace, in collaboration with Boeing, NASA and Oak Ridge National Laboratory, is spearheading a project to integrate an Open Fan engine design with aircraft, advancing the aviation sector’s drive for energy-efficient technology. The U.S. Department of Energy has awarded this initiative 840,000 supercomputing hours through its highly competitive INCITE programme, which supports the most
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