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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 […]

Lockheed Martin Corporation (NYSE:LMT) In Negotiations With United Technologies Corporation (NYSE:UTX) Over Possible Sikorsky Acquisition

Lockheed Martin Corporation (NYSE:LMT) is holding talks with United Technologies Corporation (NYSE:UTX) over the possibility of an acquisition that could be worth more than $8 billion. The talks might lead to the Sikorsky helicopter unit changing ownership. Analysts expect the two companies to come to a solid agreement within the next few days. If the […]

Dennis Muilenburg Gets Charge of Boeing Co (NYSE:BA) From CEO Jim McNerney

Boeing Co (NYSE:BA) CEO Jim McNerney announces his retirement after a decade long career as the top executive of the aerospace giant comes to an end. He will hand over CEO’s position to his successor Dennis Muilenburg next week. Road Ahead: Even though, Mr. McNerney will leave CEO’s position, but he will continue to be […]

Southwest Airlines Co (NYSE:LUV) Has Selected Seats For Boeing 737-800 And 737 MAX Passenger Aircrafts

Southwest Airlines Co (NYSE:LUV) has completed the selection process for the passenger seats to be installed in the company’s future Boeing 737-800 and 737 MAX passenger Aircrafts. The airline, in conjunction with Boeing Co (NYSE:BA), will be the pioneers to incorporate the new seats. The project is set to take off toward mid-year 2016, as […]