Boeing's defense, space and security unit, one of its three main businesses, has lost billions of dollars in 2023 and 2022, which executives attributed in large part to cost overruns on fixed-price co
Boeing Co. said that Ted Colbert — its head of defense, space and security — would leave the company on Friday, as the beleaguered aviation giant's new chief executive aims for big changes followi
Boeing faces significant financial challenges, including a big debt load and a failed labor agreement, exacerbating its cash flow issues. Embraer will receive $150 million in compensation from Boeing,
Boeing's new CEO Kelly Ortberg said the company's defense unit chief Ted Colbert is leaving Boeing and that a replacement would be named later. The defense unit accounted for about 40% of Boeing's rev
Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately.
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).
Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's be
BA secures a $29.47 million contract for the procurement of black III spare windshield panels used on the F/A-18 E/F fighter jets.

Boeing prepares for long strike

12:12pm, Friday, 20'th Sep 2024
CNBC's Phil LeBeau reports on news from Boeing.
The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.
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.
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 cash, as the crippling strike by
Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wed
Transportation Secretary Pete Buttigieg joins 'Squawk Box' to discuss President Biden's speech at the Economic Club in Washington today, state of the economy, possible dockworker strike at key U.S. po
U.S. Transportation Secretary Pete Buttigieg on Thursday said he believes both sides want to reach an agreement in the labor dispute at Boeing in which 30,000 striking machinists have halted productio
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