Independent thinking for complex markets and current events
Reuters Boeing warns of bigger-than-expected $4 billion quarterly loss Q4 loss forecast of $5.46 a share nearly triple market expectations Shares fall 3.5% in after-hours trading after announcement Boeing lost nearly $8 billion in first nine months of 2024 SEATTLE, Jan 23 (Reuters) – Boeing (BA.N), opens new tab warned on Thursday that it expected a fourth-quarter …
https://arstechnica.com/space/2024/08/a-new-report-finds-boeings-rockets-are-built-with-an-unqualified-work-force/ BA could potentially loose contracts with NASA, I would keep close eye on this and potentially buy puts. “NASA declines to penalize Boeing for the deficiencies…. According to Safety and Mission Assurance officials at NASA and DCMA officials at Michoud, Boeing’s quality control issues are largely caused by its workforce having insufficient aerospace …
https://www.bloomberg.com/news/articles/2024-02-06/boeing-labor-strife-poses-next-big-risk-to-plane-production Machinists inspired by auto workers, Hollywood seek 40% raise Labor chief doesn’t want strike, ‘but we’re willing to do it’ Union leaders will demand a 40% pay raise over three or four years, emboldened by a resurgent US labor movement, a scarcity of qualified aerospace workers and pressure on Boeing to stabilize work in …
via RT: Rather than perform a simple flyover, the swaggering Tex, who got his start flying crazy loops on daredevil flights on a tri-motor plane across the dusty plains of Kansas, aimed to impress the gathered luminaries. Instead, he put the plane into a stunning barnstormer-like double barrel roll that left the crowd below astonished …