Boeing Co delivered 51 airplanes in June to bring its first-half tally to 216 jets, up 38% from the same period last year, pushing its shares sharply higher on Tuesday. June’s deliveries exceeded the 50 threshold for the first time since March 2019 and included 43 Boeing 737 MAX, which is recovering from a nearly…
No Data to Support Changing Boeing 737 MAX 10 Cockpit Alerting: Executive
EVERETT, Wash.—A Boeing Co. executive said there was no need to revamp the cockpit crew alerting system in its forthcoming 737 MAX 10 jet, as the U.S. planemaker races to complete its certification before a year-end deadline. “I personally have no belief that there’s any value in changing the 737,” Mike Delaney, Boeing’s chief aerospace…
Why Airplane Ticket Prices Are Flying High, While Your Wallet Might Be Grounded
If you think filling your car’s gas tank is expensive, how about filling the tanks for a Boeing Co. 737-800? A 737-800 has a fuel capacity of 6,875 gallons and as of April 25, according to the U.S. Gulf Coast Jet Fuel Spot price, jet fuel costs $4.27 a gallon, holding steady between this price…
Is Boeing’s Stock Overvalued or Undervalued?
Boeing Co. shares have lagged the S&P 500 in, gaining just 8.4 percent year-to-date. Boeing’s stock has had a wild ride in recent years, but investors may be wondering whether there’s any value in Boeing shares. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The…
Boeing, Airlines: ‘Significant Time’ Needed to Resolve 5G Spectrum Issue
WASHINGTON—The aviation industry told the White House on Tuesday it will take “significant time” to ensure it is safe for major U.S. wireless companies to use C-Band spectrum for 5G communications. In a letter sent to the White House, Boeing Co, Airbus SE, U.S. airlines, pilots, and others said they need the Biden administration and…
Boeing Wins Follow-On Contract Valued up to $23.8 Billion From U.S. Defense Department
Boeing Co said on Wednesday the U.S. Department of Defense had awarded it a follow-on contract valued at up to $23.8 billion to provide services to a fleet of C-17 Globemaster III transport aircraft over a 10-year period. Under the agreement, Boeing will continue to provide services including engineering, field support and material management for…
Boeing Names New Government Operations Chief
WASHINGTON—Boeing named a former senior Ford Motor Co. and Softbank executive as its head of government affairs as the company continues to deal with the fallout from two fatal 737 MAX crashes. Ziad Ojakli, who also served as an aide to former President George W. Bush, will be Boeing’s executive vice president of government operations…
Boeing Turns First Profit in Almost 2 Years, Shares Jump 5 Percent
Boeing Co on Wednesday posted its first quarterly profit in almost two years as revived domestic travel fueled 737 MAX deliveries, and shares rose 5 percent despite festering U.S.-China relations and depressed long-haul travel. The 737 MAX is integral to Boeing’s financial recovery. The U.S. planemaker is scrambling to recoup billions of dollars in lost…
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