Page 2 - Boeing

Four astronauts return after being delayed by Boeing's capsule trouble

Four astronauts returned to Earth on Friday after a nearly eight-month space station stay extended by Boeing's capsule trouble and Hurricane Milton. A SpaceX capsule carrying the crew parachuted before dawn into the Gulf of Mexico just off the Florida coast after undocking from the International Space Station mid-week. The three Americans and one Russian should have been back two months ago. But their homecoming was stalled by problems with Boeing's new Starliner astronaut capsule, which came back empty in September because of safety concerns. Then Hurricane Milton interfered, followed by another two weeks of high wind and rough seas. SpaceX launched the four NASA's Matthew Dominick, Michael Barratt and Jeanette Epps, and Russia's Alexander Grebenkin in March. Barratt, the only space veteran going into the mission, acknowledged the support teams back home that had to replan, retool and kind of redo everything right along with us ... and helped us to roll with all those ...

White House urges Boeing, striking machinists to work towards a deal

President Joe Biden directed his team to encourage parties to continue working to achieve an agreement

Boeing workers reject wage deal, strike continues amid rising tensions

Time is running out for Boeing, historically the largest US exporter, and its biggest union to reach a deal before the presidential election on Nov. 5

Spirit AeroSystems posts deep losses in Q3 as Boeing strike hit finances

Boeing suppliers that invested heavily on materials and tooling to support the planemaker's planned ramp-up of jets have been furloughing workers in recent weeks and holding off on investments due

Boeing CEO Ortberg presses turnaround plan as loss balloons to $6 bn

The company has now racked up losses of nearly $8 billion for the current year, as a halt in production of its 737 MAX, 777 and 767 planes following the strike

Boeing-made communication satellite explodes in space, reason unknown

This is not the first loss for Intelsat. Earlier in 2019, the company had lost another Boeing-made satellite, IS-29e

Nasa's SpaceX Crew-8 mission delayed due to adverse weather; what's next?

As per Nasa's latest communication, the weather remains less than ideal for a planned undocking. Forecasts indicate that conditions may become more favourable later in the week

Boeing's new proposal may lead to $1 bn in wage-related costs over 4 years

About 33,000 workers will vote on the contract proposal after a more than month-long work stoppage, which has halted production of models including its best-selling 737 MAX narrowbody jets

Boeing exploring sale of assets in a bid to boost finances: Report

The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the deal

Boeing presents new proposal before union in hopes of ending strike

Boeing and the union representing striking machinists have negotiated a new contract proposal that would provide bigger pay raises and bonuses in a bid to end a costly walkout that has crippled production of airplanes for more than a month. The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday. The union said the deal would increase pay by 35 per cent over four years, up from 30 per cent that was offered last month. It also boosts the ratification bonus to USD 7,000 per worker instead of USD 6,000. The new offer would not restore a traditional pension plan a key demand of the 33,000 striking workers but it would increase the amount of contributions to 401(k) retirement plans that Boeing would match and retain performance bonuses that Boeing wanted to eliminate, the union said. The fact the company has put forward an improved proposal is a testament to the resolve and dedication of the frontline

Boeing plans to raise $15 billion through shares, bonds amid strike woes

The company said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Boeing closes in on plans to raise $15 bn via stock, hybrid bonds

The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

After Boeing, Airbus to slash 2,500 jobs amid ongoing financial losses

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

Boeing employees hold rally in Seattle as strike enters second month

Investors and regulators have had Boeing under the microscope since a door panel flew off a near-new 737 MAX jet in midair in January

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

India has opportunity to create next gen innovative products: Boeing

India has a tremendous opportunity to merge its engineering capabilities with great quality to create the most innovative products of the next generation, Boeing India President Salil Gupte said on Tuesday. The country's companies must also look at moving up the ladder in value in the global supply chain and cash in on opportunities, he said while speaking at a symposium organised by India Foundation for Quality Management. "Whether you're talking about the auto sector, whether you're talking about industrial engineered systems, whether you're talking about defence, we have a tremendous opportunity in India," Gupte said. Elaborating further, he said India has always had, over the last 30-50 years, strong engineering and design capabilities. "Now, with this quality push in India, especially over the last 10 years, you've seen manufacturing transform. And from that transformation comes the opportunity for India to merge that great engineering with that great quality to create the mos

Acting US labour secretary attempts to intervene in Boeing strike

Roughly 33,000 workers have been on strike since Sept 13, seeking a 40 per cent wage increase over four years

Boeing's endless doom spiral gives no respite to CEO John Ortberg

Boeing's shares fell 2.5% as of 9:33 a.m. in New York on Monday, the first trading session since the cuts were announced

Boeing fine-tunes job reductions as major buyer slams 777X jet delay

The planemaker plans a series of internal meetings this week to lay out the jobs plan

Boeing to lay off 10% employees as workers' strike cripples production

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company's best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees. The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.