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Boeing Co (NYSE:BA) Enters $2.5 Billion Deferred Prosecution Settlement For Deceiving Regulators Over the 737 Max Plane

Boeing Co (NYSE:BA) has reached a $2.5 billion settlement agreement for a criminal charge for defrauding the US government after it concealed information’s regarding the Boeing 737 Max. The 737 Max is the ill-fated plane model that was involved in two fatal accidents killing 346 people. The company signed a deferred prosecution agreement in the […]

Boeing Co (NYSE:BA) Cuts Dreamliner Output AS International Travel Remains Suppressed, Focuses On Debt Repayment

Boeing Co (NYSE:BA) continues to face financial stress amid the pandemic and now the company has said it will cut its 787 Dreamliner output by mid-2021. Greg Smith the company’s CFO said that the company trims output to five planes per month from six as previously planned as travel demand continues to suffer. International travel […]

Materialise NV (ADR)(NASDAQ:MTLS) Gets NSE Letter From Food and Drug Administration (BA, GE)

Materialise NV (ADR)(NASDAQ:MTLS), a well-known brand that provides 3D surgical planning solutions to healthcare professionals, announced that it received Non Substantially Equivalent (NSE) letter from FDA regarding 510(k) submission of its X-ray knee guide system. Reports claim that this system is likely to be used as a surgical instrument, providing assistance in the knee replacement […]

JetBlue Airways Corporation (NASDAQ:JBLU) To Receive Timely Delivery Of Airbus’ First U.S.-Built Jetliner

AIRBUS GROUP (OTCMKTS:EADSY), that will be supplying the first U.S.-built jetliner to JetBlue Airways Corporation (NASDAQ:JBLU), announced that it is running behind schedule in production. However, the former also said that it is expecting to deliver the jetliner to JetBlue on time, i.e., in Q2 2016. The President of Airbus Americas Inc., Barry Eccleston, said […]