Boeing's losses shrink
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Shares of aerospace and defense company Boeing (NYSE:BA) fell 3.8% in the afternoon session as investors focused on production delays and potential labor disputes despite reporting better-than-expected second-quarter revenue and a smaller loss.
Commercial jet maker Boeing announced a loss per share of $1.24 on sales of $22.7 billion, better than analysts projected.
Bottom line: Boeing shares are in a new bull market trend with a 12-month price target of $300.
Boeing and Sweden's Saab are in talks with Britain's BAE Systems about teaming up on a future replacement of Britain's Hawk trainer in a growing niche of the fast jet industry, three people familiar with the matter said.
Boeing's military aircraft production is facing potential disruption after defense workers in St. Louis rejected the company's latest contract proposal.
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Boeing's stock continues to show signs of a turnaround. Learn how BA stock's latest round of data is giving bulls the evidence they need to see.
Boeing’s second-quarter loss narrowed and revenue improved as the aircraft manufacturer delivered more commercial planes in the period.
A United Airlines Boeing 787-8 Dreamliner declared a Mayday shortly after takeoff from Washington due to a left engine failure.
Boeing Co. managed to almost halt its cash outflow in the second quarter, indicating that a turnaround initiated by Chief Executive Officer Kelly Ortberg a year ago is paying off as the company delivers more aircraft.
But the CEO says the company won’t seek to boost output of its 737 planes until it is better prepared.
(Reuters) -U.S. Federal Aviation Administration (FAA) late last week cleared Boeing to begin the next phase of its 777-9 certification - the company's largest jetliner in production, Air Current Editor Jon Ostrower said on Monday in a post on X, citing two people familiar with the matter.
Boeing (BA) reported second quarter earnings on Tuesday that topped expectations — and stemmed the tide of cash burn that's plagued Boeing since early last year as CEO Kelly Ortberg continues his turnaround of the beleaguered jet maker.