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An analyst upgrade and a key FAA certification gave investors fresh reasons to turn more optimistic on Boeing's turnaround.
More than eight years after Boeing organized the maiden flight of the 737 MAX 7, the aircraft has won certification, US authorities announced Monday.Monday's announcement marks Boeing's first new aircraft certified since the safety problems that have engulfed the company in recent years.
(Bloomberg) -- Boeing Co. received sign off for the 737 Max 7 from the Federal Aviation Administration, ending a drawn-out certification process that was upended by two fatal crashes and quality lapses at the US planemaker. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Stocks, Bonds Rise as US-Iran Hopes Spur Oil Drop: Markets WrapBeer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talk
Boeing’s 737 MAX 7, the smallest jet in the plane maker’s narrow-body family, has at long last won certification from federal air-safety regulators. The plane had originally been expected to enter service in 2019, but two fatal crashes of a larger version of the jet, and other Boeing safety and quality problems, got in the way. Boeing shares gained 6.1% in midday trading.
Investing.com -- The Federal Aviation Administration on Monday has approved the Boeing 737 MAX-7, issuing an amended type certificate and an updated Production Limitation Record following nearly a decade of technical review and safety assessments, sending shares of Boeing sharply up more than 5% in afternoon hours of trading.
The approval requires Boeing to incorporate updates to flight-control software, crew alerting systems, and an engine anti-ice system
Boeing investors got a mixed picture last week. The plane maker is delivering more jets than it has in years. But a familiar problem, its presidential aircraft contract, is still eating into profits. The company's second-quarter results showed notable progress in production. At the same time, one ...
The quantum computing field is continuing to advance. This can be seen from companies diversifying their strategies and governments getting more involved in funding the efforts. It’s against this backdrop that International Business Machines Corporation (NYSE:IBM) has agreed to acquire HRL Laboratories from Boeing Co. (NYSE:BA) and General Motors Co. (NYSE:GM). HRL Laboratories is a […]
Boeing is in the midst of an extended turnaround that has found a new believer on Wall Street. The stock is up about 2% Monday morning.
BNP Paribas analyst Matthew Akers raised his Boeing rating to Buy from Sell, skipping Hold altogether.
Stock Market Today: The Dow Jones index rallied 600 points Monday after Trump called off new U.S. strikes on Iran. Oil prices plunged.
8.31am: AstraZeneca talks suggest 'reduced confidence' in outlook AstraZeneca's reported talks with Bristol Myers about creating a $400 billion company appear to make "limited strategic sense for Astra and would likely be subject to antitrust scrutiny, given the overlaps of their oncology...
From laser weapons to color schemes, transporting the president around the world is a study in details.
Archer burns cash to scale electric aircraft while Boeing stabilizes production and returns to profit, but their valuations tell starkly different stories.
Investing.com -- A $21 billion U.S. Air Force program managed by Boeing Co. to modernize the B-52 bomber fleet is facing cost increases and schedule delays during its early development phase, according to a Government Accountability Office report released Friday.
Rocket Lab stock rises after landing new Electron launch deals. Space Force taps Rocket Lab, 14 vendors for $981 mil program.
Hexcel (NYSE:HXL) reported higher second-quarter sales, margins and cash flow as commercial aircraft production rates increased, led by demand on wide-body programs including the Airbus A350 and Boeing 787. Second-quarter sales totaled $529 million, up 8% from the prior-year period, while adjusted
The push to end China's dominance in rare earth magnets is gaining momentum as North America builds an integrated supply chain from mine to magnet.
Hexcel Corp (HXL) reports 8% sales growth to $529 million and raises full-year guidance, while navigating defense declines and cost pressures.
The aerospace giant's future prospects are tied to its commercial airplane deliveries.
The plane maker expects to generate a cash flow between $1 billion and $3 billion and aims to deliver up to 600 commercial planes by the end of 2026.
Rolls-Royce has raised its financial targets for the year after reporting stronger than expected first-half profits, driven by strong demand...
Aercap (NYSE:AER) reported second-quarter adjusted earnings of $5.14 per share and raised its full-year 2026 adjusted earnings guidance to approximately $16.80 per share, excluding any additional gains on asset sales in the second half. Chief Executive Officer Aengus Kelly said the aircraft lessor’
A Fast Money host is sounding alarms that the AI buildout is quietly cracking under the weight of debt that even the bond market seems reluctant to absorb, and the ripple effects could reach far beyond Silicon Valley balance sheets.
LUV's earnings rebound, stronger unit revenue and $5.3 billion liquidity support upside, but fuel, Boeing and valuation risks remain.
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