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Boeing's Striking Machinists Vote On New Contract Proposal With Support From Both Sides
Monday, November 4, 2024 - 1:39pm | 572Boeing Co’s (NYSE:BA) striking machinists are set to vote on a new labor contract proposal on Monday that could end the more than seven-week-long strike. What To Know: Boeing’s latest contract proposal includes a 38% wage increase over four years, up from the 35% increase that was...
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Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: 'Long-Term Deep-Value Opportunity'
Friday, October 25, 2024 - 11:22am | 897Goldman Sachs analyst Noah Poponak reaffirmed his bullish stance on Boeing Co. (NYSE:BA), despite the defense giant’s challenging third quarter marked by production delays, labor disputes and heavy losses. Labeling Boeing a “long-term deep-value opportunity,” Poponak reiterated a...
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Boeing Stock Rises Ahead Of Wednesday's Union Vote: Will Investors Breathe 'A Sigh Of Relief?' (CORRECTED)
Tuesday, October 22, 2024 - 5:28pm | 521Editor’s note: This story has been updated to state that Boeing reports earnings premarket Wednesday, not after the closing bell. Boeing Co. (NYSE:BA) and its striking machinists reached a preliminary agreement to resolve the five-week strike over the weekend. Union members will vote on the...
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Boeing Stock Braces For Bumpy Q3 Landing (CORRECTED)
Tuesday, October 22, 2024 - 4:28pm | 702Editor’s note: This story has been updated to correct Street estimates for Boeing’s third-quarter earnings report. Boeing Co. (NYSE:BA) is set to report third-quarter earnings on Wednesday before the market opens. Analysts are expecting a loss of $8.11 per share and quarterly revenue...
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Boeing's Q3 Earnings Face Turbulence: Strikes, Layoffs, Safety Woes Ahead
Monday, October 14, 2024 - 2:05pm | 967Boeing Company (NYSE:BA) added large-scale layoffs to its list of troubles in 2024 as the company faces an ongoing strike of its unionized factory workers, government investigations, executive churn and mounting financial losses. Boeing To Cut 17,000 Jobs: The aerospace giant announced Friday...
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Boeing Hit With 737 Safety Alert, Issues Deliveries Warning As Strike Continues
Tuesday, October 8, 2024 - 1:53pm | 399Boeing Co (NYSE:BA) has faced some turbulent years with several safety issues, public criticism and substantial leadership overhauls. Here’s the latest update on ongoing safety concerns and the effects of an ongoing labor strike. Regulatory and Safety: In an alert issued Monday, the U.S....
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Why Are Boeing Shares Trading Lower Today?
Monday, September 30, 2024 - 4:47pm | 346Boeing Inc. (NYSE:BA) shares are trading lower after its striking machinists rejected a labor offer, raising concerns over possible operational disruptions and prolonged negotiations. What To Know: Adding to Boeing’s challenges, the U.S. National Transportation Safety Board (NTSB) issued...
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Triumph Group Gets A Double Downgrade On Looming Production Uncertainty
Tuesday, September 24, 2024 - 11:54am | 373Triumph Group Inc (NYSE:TGI) received a downgrade last month from a Truist Securities analyst. While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co (NYSE:BA) and Airbus SE...
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Boeing Stock Climbs As Company Sweetens Labor Deal: What You Need To Know
Monday, September 23, 2024 - 6:30pm | 449Boeing Co (NYSE:BA) shares are moving higher on Monday. The stock appears to be getting a lift after the company sent a new labor deal offer to its striking workers. What Happened: According to a Wall Street Journal report, Boeing on Monday made a new offer to its machinist union workers who voted...
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Boeing Stock Continues To Fall After Announcing Hiring Freeze, Other Cost Cuts Amid Workers' Strike
Monday, September 16, 2024 - 4:24pm | 560Boeing Co (NYSE:BA) shares fell Monday after the company announced a hiring freeze and delayed pay increases for its salaried workforce as the aerospace company faces increased cash drain during a worker strike launched Friday. The Details: Boeing CFO Brian West announced the measures in a memo to...
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Stock Of The Day: Is Boeing Cruising Lower As Strike Looms?
Thursday, September 12, 2024 - 12:06pm | 654Boeing Co (NYSE:BA) shares may be heading lower. Support has converted into resistance and sometimes this price action occurs just before a downtrend forms. This is why it is our Stock of the Day. Another factor to remember is the vote today (Thursday) by members of the International...
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Boeing's Cash Flow Goal May Be Pushed Back, Wells Fargo Says While Lowering Outlook
Tuesday, September 3, 2024 - 6:26pm | 529Boeing Co (NYSE:BA) may need to delay its annual free cash flow target of $10 billion by two years to 2027-’28 and come up with $30 billion before it can start designing a new aircraft, said Wells Fargo, which lowered its outlook on the company’s shares. Lead analyst Matthew Akers...
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Ukrainian Pilots Begin Using F-16s Against Russia
Tuesday, August 27, 2024 - 6:17pm | 407Ukraine started using F-16 warplanes in combat as Russia mounted a massive aerial assault on civilian infrastructure, according to a U.S. official. F-16s are the most sophisticated weapon that the U.S.-led coalition has supplied Ukraine in its war with Russia. The White House and Pentagon had...
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Joby Aviation Stock Is Up After Q2 Results
Wednesday, August 7, 2024 - 5:44pm | 340Joby Aviation, Inc. (NYSE:JOBY) shares are trading higher after the company reported its second-quarter financial results Wednesday. Here's a look at the details from the report. The Details: Joby Aviation reported quarterly GAAP losses of 18 cents per share, which met the analyst consensus...
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Will Boeing Stock Take Off On Q2 Earnings — Or Remain Grounded? What Investors Should Know Before The Report
Tuesday, July 30, 2024 - 1:39pm | 756Boeing Co (NYSE:BA) is gearing up to report second-quarter earnings this week. Investors will be watching for any signs of a turnaround given the planemaker’s dismal performance year-to-date. Here’s what you need to know ahead of the print. What To Know: Boeing is set to report...