As 737 Max Grounding Drags On, Boeing's Bottom Line Takes A Hit
Four months after its top-selling 737 Max airliner was grounded worldwide, Boeing announced a 35% drop in revenues and a loss of $2.9 billion in the second quarter.
Boeing
FAA Finds New Problem With 737 Max Jets, Delaying Their Return To Flight
Southwest, American and United Airlines have already pulled the aircraft from their schedules through Labor Day weekend. Two of the planes crashed within five months, killing hundreds of people.
Boeing CEO Admits Mistake In 737 MAX Communication
Ahead of Paris Air Show, Dennis Muilenburg concedes his company did not give enough information about a malfunctioning safety light.
Raytheon, United Technologies Merger Will Create A New Aerospace Giant
The new defense and aerospace company would be second only to Boeing in the U.S., according to the most recent Forbes revenue rankings.
Boeing Knew About 737 Max Sensor Problem Before Plane Crash In Indonesia
Engineers at the company discovered a problem with a key safety indicator light within months of the first deliveries of the 737 Max. But it didn't inform airlines or regulators for another year.
Boeing CEO Faces Tough Questions On 737 Max Plane's Design
Speaking to shareholders and the press, Dennis Muilenburg defended Boeing's planes and processes. But he admitted a software system and its activation were a "common link" in two recent crashes.
Aircraft Orders Jump, But Boeing 737 Max Grounding Could Trim U.S. Growth
The grounding of Boeing's 737 Max aircraft could pinch the economy, some analysts say. But the government reported that aircraft orders were strong enough last month to lift a key indicator.
Investigation Finds Acting Defense Secretary Shanahan 'Did Not Promote Boeing'
The Pentagon's Inspector General says former Boeing executive Patrick Shanahan 'fully complied' with ethics obligations. This clears the way for his potential nomination as defense secretary.
Boeing Slow To 'Own' Recent Air Disasters, Analysts Say
After a second 737 Max jet crashed in Ethiopia, it took Boeing weeks to speak openly about the role its flight control software may have played. Critics say that's too long.
U.S. Warns Of New Tariffs On Europe Over Airbus Subsidies
The Trump administration is preparing tariffs on billions of dollars in imports from Europe in retaliation for subsidies of Airbus jets. The levies would hit products ranging from aircraft to wine.