If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Dhierin runs the investing group The Aerospace Forum , whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with si ...

Former CEO for Boeing's defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019.The head of Boeing's defense unit Ted Colbert is leaving the company effective immediately, said CEO Kelly Ortberg, marking his first major executive change since he took the top job in early August."At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world ...

BIRMINGHAM, United Kingdom, Sept. 20, 2024 /PRNewswire/ -- Boeing [NYSE: BA] has completed the first flight of the UK's E-7 Wedgetail for the Royal Air Force (RAF).A Boeing flight-test crew conducted functional checks during the first flight from Birmingham Airport, marking a significant milestone in the programme's test and evaluation phase.The UK E-7 Wedgetail takes flight for the first time. Three 737 NG aircraft are currently on British soil undergoing modification in Birmingham. (Boeing image) (PRNewsf ...

The Boeing Company (BA) recently secured a $29.5 million contract for the procurement of black III spare windshield panels for the F/A-18 E/F fighter jets. The award was offered by the Naval Supply Systems Command in Philadelphia, PA. The work, which will be performed in St. Louis, MO, is expected to be finished by December 2029.Significance of BA’s F/A-18 JetsBoeing engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, sur ...

Boeing's rough year got even worse last week when some 33,000 of its unionized workers went on strike, and the work stoppage is expected to cost the beleaguered aerospace company dearly if it extends for too long. Since Boeing workers represented by the International Association of Machinists and Aerospace Workers' Union (IAM) walked off the job last Friday, the workers and the company's shareholders have lost at least a combined $571 million, according to an analysis by Anderson Economic Group (AEG) – and ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024. In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations. But as a strike of Boeing's 33,000 Seattle-area workers enters its ...

KEY TAKEAWAYSBoeing CEO Kelly Ortberg told staffers that the airplane maker is temporarily furloughing employees based in the U.S.The furlough is aimed at preserving Boeing's cash, as the strike by machinists continues. Ortberg, along with other senior executives, will take a pay cut in a bid to manage the company's finances amid the disruption. Boeing (BA) Chief Executive Officer (CEO) Kelly Ortberg told staffers in a memo that the airplane maker is temporarily furloughing U.S.-based employees to preserve ...

文章核心观点 - 波音公司宣布将对大量白领员工实施临时休假,以应对工人罢工导致的生产停滞 [1][2][3] - 这是为了保留现金,因为罢工会严重影响公司收入 [3] - 公司高管也将采取相应的薪酬减免措施 [2][5] 公司情况 - 波音公司正面临安全和声誉方面的挑战 [3] - 公司负债较重,了解罢工的代价昂贵 [3] - 除了休假,公司还采取了其他措施如禁止高管乘坐商务舱、暂停管理层加薪等 [3] 行业影响 - 这次罢工是波音公司新任CEO上任两个月后遇到的又一个麻烦事 [3] - 罢工会严重影响公司的生产和交付,上一次罢工导致公司在受影响季度交付商用飞机减少约70架 [3]

Boeing is beginning a series of furloughs in response to its largest labor union going on strike, according to a statement released to employees on Wednesday.The strike involves over 33,000 workers in the Seattle area and began on Friday after unions overwhelmingly refused tentative contract negotiations provided by the company.CEO Kelly Ortberg, who took on the role of chief executive last month, emailed all employees on "temporary furloughs" this morning.CEO OF BOEING CLOSES ON $4.1M SEATTLE HOME AMID FAC ...

Key TakeawaysBoeing and its largest union partner are resuming contract negotiations under federal mediation Wednesday.The union is demanding a 40% wage increase over three to four years and rejected the company's offer of a 25% raise.The International Association of Machinists and Aerospace Workers began a strike of the company following a vote last Thursday. Boeing (BA) and its largest union partner are resuming contract negotiations with federal mediators present Wednesday, the International Association ...