Boeing Stock News

The world’s biggest plane maker tempered expectations for a sharp increase in production of its bestselling jet, blaming supply challenges that threaten its ambitions to widen its advantage over Boeing.

AMSTERDAM (AP) — Airbus booked a record profit of 4.2 billion euros ($4.8 billion) last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It is the first annual profit for the Toulouse, France, manufacturer since 2018, before the spread of COVID-19 reduced air travel to levels not seen in the jet era. The delivered 611 commercial aircraft in 2021, up from 566 the year before. It''s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros ($59.2 billion) for Airbus last year. And the company expects to carry that momentum through 2022, forecasting Thursday that it will deliver 720 commercial aircraft this year. Orders were also robust in its helicopter and defense and space businesses. CEO Guillaume Faury said “2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth." Accentuating that point, Faury said Airbus plans to reintroduce a dividend of 1.50 euro ($1.70) per share, its first in two years.

US stocks closed mixed on Wednesday following the release of minutes from the recent Federal Reserve meeting. Investors, meanwhile, focused on some notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. Cytek Biosciences The Trade: Cytek Biosciences, Inc. (NASDAQ: CTKB ) Director Rajeev Shah acquired a total of 498,629 shares at an average price of $14.89. To acquire these shares, it … Full story available on Benzinga.com

The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31.

The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31.

The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31. Stephen Dickson, a former pilot and executive with Delta Air Lines in Atlanta, had led the …

The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of…

Boeing Co (NYSE: BA ) has received a firm order for two 777 Freighters from cargo operator Western Global Airlines. Financial terms not disclosed. The order was finalized … Full story available on Benzinga.com

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two of the world’s major aviation corporations: Boeing Company (NYSE: BA ) and Lockheed Martin Corporation (NYSE: LMT ). The Case For Boeing: This company traces its heritage to lumber company executive William Boeing , who became enchanted with manned flight after witnessing an aircraft presentation at the 1909 Alaska-Yukon-Pacific Exposition. Seven years later, Boeing teamed with U.S. Commander George Conrad Westervelt to create the B&W Seaplane under the corporate banner of Aero Products Co. Today, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. The company, which has been publicly traded since 1962, has four key segments: commercial airplanes, defense-space-security, global services and Boeing Capital. Among its recent corporate developments, the Chicago-headquartered Boeing announced it generated more than $2 billion in online orders last year, a company record, with nearly 70,000 parts products sold to commercial and government customers.

Wednesday''s top analyst upgrades and downgrades included Arista Networks, American Airlines, Boeing, Delta Air Lines, General Electric, IAMGOLD, Intercontinental Exchange, NiSource, Pinduoduo, Southwest Airlines, Suncor Energy and 3M.

On CNBC’s “ Halftime Report Final Trades ,” Jon Najarian sai options traders were “just buying everything on the screen right now” related to Advanced Micro Devices, Inc. (NASDAQ: AMD ), with 68,000 calls changing hands on Tuesday. The CEO has indicate the global chip shortage will not be resolved this year, which gives the company … Full story available on Benzinga.com

- Japanese carrier: Digital maintenance information greatly reduces complexity of managing multiple

WASHINGTON, Feb 15 (Reuters) - The U.S. Federal Aviation Administration (FAA) on Tuesday said it would perform final inspections on new Boeing BA.N 787 Dreamliner aircraft, and will not allow the planemaker to self-certify the jets.

Neither Boeing nor the FAA have said when deliveries will resume.

Safety regulators have twice halted deliveries of new 787s after finding production flaws and will now conduct final inspections themselves instead of delegating that authority to Boeing