Boeing to pay $200 million to settle charges over ‘misleading’ crash statements

has agreed to pay $200 million to settle charges from the Securities and Exchange Commission. The agency found that Boeing made “materially misleading public statements” related to involving its aircraft. The company’s former CEO Dennis Muilenburg will also pay $1 million to settle charges. The SEC alleged that Boeing and Muilenburg violated the antifraud provisions … Read more

NASA chief says everyone ‘poo-pooed’ Elon Musk’s SpaceX when it was pitted against Boeing but it has actually accomplish

NASA’s Bill Nelson told Newsweek that critics “poo-pooed” SpaceX when it was bidding for the agency’s crew programs. Yet, SpaceX has accomplished a lot, compared with Boeing, he said. NASA has awarded SpaceX with 14 missions and Boeing with six missions. NASA administrator Bill Nelson said critics dismissed SpaceX when it was up against Boeing … Read more

Boeing says plans to build on existing investments in India

NEW DELHI (Reuters) – Planemaker Boeing plans to build on its existing investments in India in areas such as defence supply chains and manufacturing, the company said on Wednesday. The world’s second-largest planemaker is offering its F/A-18 fighter jet for sale to India’s armed forces and said the selection of the jet would help boost … Read more

Miguel Angel Jimenez, Billy Andrade share Boeing lead

SNOQUALMIE, Wash. (AP) — Miguel Angel Jimenez shot an 8-under 64 on Saturday for a share of the Boeing Classic lead with Billy Andrade. Jimenez had a bogey-free round to match Andrade at 10-under 134 at The Club at Snoqualmie Ridge. “Moving day like people say, no?” Jimenez said. “We are moving — 8-under par … Read more

Boeing delivers its first 787 Dreamliner after pausing for over a year

Boeing is starting to overcome one of its larger hurdles in recent memory. CNBC the aircraft maker has its first 787 Dreamliner in over a year, supplying American Airlines with one out of the nine vehicles it expects to receive in 2022. Boeing paused manufacturing in May 2021 as the Federal Aviation Administration reviewed how … Read more

Boeing 787 deliveries could mean a $17 billion windfall: Morgan Stanley

Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from the 120 787 airplanes it currently has in inventory waiting for delivery. “This is a major milestone for the business and … Read more

Boeing Secures FAA Clearance to Resume 787 Dreamliner Deliveries

The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move … Read more

Global Special Mission Aircraft (Military Aviation, Commercial Aviation, UAV) Market 2022-2027 with Boeing, Lockheed Mar

Global Special Mission Aircraft Market Dublin, July 25, 2022 (GLOBE NEWSWIRE) — The report has been added to ResearchAndMarkets.com’s offering. The special mission aircraft market is projected to grow from USD 15.9 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 4.6% Aircraft OEMs and component manufacturers are focusing on innovating … Read more

Boeing cuts 20-year industrywide outlook for planes

By David Shepardson LONDON, July 17 (Reuters) – U.S. airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for … Read more