Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout

Boeing to offer voluntary layoffs to employees to tide over coronavirus fallout 1

Boeing, which calls itself America’s largest exporter, has some 150,000 employees worldwide, almost half of whom are clustered round marquee factories in Seattle’s Puget Sound area. The buyout plan comes three weeks after the U.S. planemaker stated it will freeze hiring and time beyond regulation pay besides in sure essential areas to protect money. The […]

Apple, Boeing, Delta, Eli Lilly & more.

Apple, Boeing, Delta, Eli Lilly & more. 2

A Delta Airlines Airbus A350 plane waits to take off at Beijing airport. Greg Baker | AFP | Getty Images (This story is for web PRO subscribers solely.) Here are the most important calls on Wall Street on Wednesday: Goldman Sachs added Eli Lilly to its ‘conviction purchase checklist’ Goldman Sachs added the drug maker […]

Boeing takes a friendlier approach with latest union contract for engineers

Boeing takes a friendlier approach with latest union contract for engineers 3

Boeing’s new management is transferring shortly to embrace the corporate’s engineering roots and reinvigorate the white-collar employees who design and develop its subtle planes, satellites, and missiles. Late Thursday, the corporate introduced a proposed labor-friendly contract extension via 2026 with the Society of Professional Engineering Employees in Aerospace (SPEEA), the union representing about 18,000 of […]

Layoffs start rippling through the Boeing 737 Max supply chain

Layoffs start rippling through the Boeing 737 Max supply chain 4

Layoffs are growing in the world supply chain for the troubled 737 Max airliner after Boeing determined to pause manufacturing in January. And the job cuts might get even worse as suppliers which have thus far prevented them say they’ll seemingly should slash their workforces if manufacturing doesn’t resume quickly. Spirit AeroSystems, which makes 737 […]

Boeing reports historic earnings loss as 737 MAX costs surpass $18 billion

Boeing reports historic earnings loss as 737 MAX costs surpass $18 billion 6

Boeing Co. closed the monetary books on a tragic and tumultuous 2019 by revealing that whole costs for its grounded 737 Max will surpass $18 billion when the tab for restarting manufacturing later this yr is included. The plane-maker is taking a $2.6 billion pretax write-down to compensate airways for ballooning losses from a world […]

DirecTV races to decommission broken Boeing satellite before it explodes

DirecTV races to decommission broken Boeing satellite before it explodes 7

Enlarge / Illustration—not the precise Boeing satellite utilized by DirecTV. Getty Images | 3DSculptor DirecTV is scrambling to transfer a broken Boeing satellite out of its commonplace orbit so as to restrict the danger of “an accidental explosion.” As Space News reported at present, DirecTV requested the Federal Communications Commission for a guidelines waiver so […]

Boeing partners with Tactical Robotics to develop VTOL tech – Internet

Boeing partners with Tactical Robotics to develop VTOL tech – Internet 8

Boeing has signed a brand new settlement with Israel-based Tactical Robotics, an exploratory deal that can see the 2 corporations work collectively collectively on “developing, producing and marketing” plane with vertical take-off and touchdown (VTOL) capabilities primarily based on Tactical Robotics’ ‘Fancraft’ enclosed rotor know-how. Already, the Urban Areonautics-owned Tactical Robotics has developed ‘Cormorant,’ an […]

DOT panel’s review of Boeing 737 Max approval calls for more oversight

DOT panel's review of Boeing 737 Max approval calls for more oversight 9

An worker works close to a Boeing 737 Max plane at Boeing’s 737 Max manufacturing facility in Renton, Washington. Lindsey Wasson | Reuters The Federal Aviation Administration adopted current guidelines when it accredited the Boeing 737 Max in 2017 however enhancements are wanted, a panel assembled by the Department of Transportation mentioned Thursday. The FAA […]

Mnuchin says Boeing 737 Max grounding could slow US growth by a half point

Mnuchin says Boeing 737 Max grounding could slow US growth by a half point 10

U.S. Treasury Secretary Mnuchin proclaims new sanctions on Iran within the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin mentioned Sunday that Boeing’s 737 Max disaster could curb U.S. GDP in 2020 by half a point, although he expects the economic system […]

GrubHub, Boeing, Amazon, WD-40 & more

GrubHub, Boeing, Amazon, WD-40 & more 11

Check out the businesses making headlines earlier than the bell: GrubHub (GRUB) – GrubHub denied a Wall Street Journal report that it was mulling choices that included a doable sale. In an announcement to web, the meals supply service stated there was “unequivocally no process in place to sell the company and there are currently […]

Boeing employees’ frightening internal messages released in 737 Max investigation

Boeing employees’ frightening internal messages released in 737 Max investigation 12

Photo by Stephen Brashear/Getty Images Boeing workers mentioned the issues with the 737 Max in chats and emails that the corporate characterised as “completely unacceptable” in a press release released right this moment. “Would you put your family on a Max simulator trained aircraft? I wouldn’t,” one worker stated to a different in one chat […]

Iran missiles appear to have shot down Ukraine-bound Boeing airliner

Iran missiles appear to have shot down Ukraine-bound Boeing airliner 13

Spy satellite tv for pc imagery suggests {that a} Ukraine-bound Boeing passenger airliner that crashed shortly after takeoff in Iran was shot down by Iranian missiles, NBC News reported Thursday. The report got here as President Donald Trump mentioned he doesn’t imagine that the crash of the airplane carrying almost 180 folks close to Tehran […]

NASA may make Boeing redo failed test flight to space station

NASA may make Boeing redo failed test flight to space station 14

NASA is opening an unbiased investigation with Boeing over a software program glitch that prevented its unmanned astronaut capsule from reaching the International Space Station in December, the company mentioned on Tuesday. Boeing’s CST-100 Starliner astronaut capsule had a profitable launch for its first unmanned test mission, however what has been described as an automatic […]

Boeing finally completes SLS core stage, packs it for Mississippi tests

Boeing finally completes SLS core stage, packs it for Mississippi tests 16

Boeing has accomplished the core stage of NASA’s SLS rocket. The rocket was loaded onto the company’s Pegasus barge Wednesday. NASA It was a reasonably day in southern Lousiana. NASA The core stage of NASA’s SLS rocket rolls out of the manufacturing facility at Michoud Assembly Facility. NASA The workforce on the Louisiana-based facility appears […]

Boeing reassigns thousands of 737 Max workers while supplier Spirit mulls layoffs

Boeing reassigns thousands of 737 Max workers while supplier Spirit mulls layoffs 17

A employee inspects a Boeing 737 MAX plane at Boeing’s Renton Factory on October 20, 2019 in Renton, Washington. Photo by Gary He/Getty Images Boeing advised workers Monday that it’ll reassign about 3,000 workers who produce the 737 Max within the Seattle space, while a serious supplier for the beleaguered jets mentioned it’s contemplating voluntary […]

Boeing 737 Max crisis: From TCS to Infosys, IT firms may take a $1-bn hit

Boeing 737 Max crisis: From TCS to Infosys, IT firms may take a $1-bn hit 18

IT outsourcing contracts of greater than $1 billion presently executed by Indian firms are vulnerable to termination as a result of Boeing has halted the manufacturing of its flagship Boeing 737 Max jets with impact from January. According to sources within the know, main IT firms comparable to Tata Consultancy Services, HCL Technologies, Infosys, […]

Boeing, Amazon, PayPal & more

Boeing, Amazon, PayPal & more 19

Check out the businesses making headlines earlier than the bell: Boeing – Boeing stays on watch, after new paperwork reviewed by a congressional panel revealed what’s being referred to as “very disturbing” revelations relating to the grounded 737 Max jet, based on a congressional aide quoted by Reuters. Boeing issued a press release saying it […]