Boeing in early May locked out members of the International Association of Fire Fighters (IAFF) Local I-66 after they rejected two contract offers
The US planemaker said in a statement it is working with Chinese customers on the timing of their deliveries
Earlier this month, Boeing locked out nearly 130 members of the International Association of Fire Fighters Local I-66 who have rejected two contract offers
Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing's share price since the January blowout of a panel on one of its planes in midflight. The company said Friday that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million. Calhoun announced this month that he will step down at the end of the year as Boeing deals with multiple investigations into the quality and safety of its manufacturing. The company said in a regulatory filing that Calhoun got a salary of $1.4 million last year and stock awards valued at $30.2 million. Including other items, his compensation totalled $32.8 million, up from $22.6 million in 2022. Boeing stock has dropped since Jan 5, when a door-plug panel blew off an Alaska Airlines Max jetliner flying 16,000 (4,800 metres) feet ab
The company's stock extended declines after the union announced its demands, falling as much as 2.2%
The shortfalls were found at both Boeing and Spirit AeroSystems Holdings Inc., which makes most of the 737's fuselage, the Federal Aviation Administration said a statement on Monday
The US military's X-37B space plane blasted off Thursday on another secretive mission that is expected to last at least a couple of years. Like previous missions, the reusable plane resembling a mini space shuttle carried classified experiments. There's no one on board. The space plane took off aboard SpaceX's Falcon Heavy rocket from NASA's Kennedy Space Center at night, more than two weeks late because of technical issues. It marked the seventh flight of an X-37B, which has logged more than 10 years in orbit since its debut in 2010. The last flight, the longest one yet, lasted 2 1/2 years before ending on a runway at Kennedy a year ago. Space Force officials would not say how long this orbital test vehicle would remain aloft or what's on board other than a NASA experiment to gauge the effects of radiation on materials. Built by Boeing, the X-37B resembles NASA's retired space shuttles. But they're just one-fourth the size at 29 feet (9 metres) long. No astronauts are needed; th
As a part of transferring production of defence equipment from the US to India, Boeing and the Tata Group have formed a joint venture called Tata Boeing Aerospace Limited (TBAL)
Over 400 Mig-21 fighter aircrafts have crashed since 1971-72 claiming the lives of more than 200 pilots and another 50 people on the ground, according to a news report
Super Hornet takes off from ski-jump, remotely controls three UAVs
Move may result in the US aircraft manufacturer pulling out Super Hornet from MRCA contest; tender value could be $15-20 billion
Boeing is a strong contender for Indian Air Force's proposed deal to acquire 114 fighter multi-role fighter jets and Indian Navy's proposal to procure 57 carrier-borne aircraft
The 737 Max is costing the plane-maker billions of dollars in losses. The software problem was discovered during the final validation review process of the updates being installed on the plane
India's safety regulator doesn't see 737 Max flying this year
The tender for 110 combat aircraft mandates building at least 85% of the order locally
Sales had stalled amid concerns raised by Israel, Washington's closest West Asia ally