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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 […]

The Boeing Company (NYSE:BA) Delivered The First 787-9 Dreamliner To Virgin Atlantic Airways Limited

Boston, MA 10/13/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) has delivered its first 787-9 Dreamliner to Virgin Atlantic Airways Limited. Virgin’s “Birthday Girl” As highlighted in the MarketWatch article, Virgin Atlantic is the first European airline to accept the delivery of Boeing’s 787-9. It seeks to operate the airplane on the route between London Heathrow […]

The Boeing Company (NYSE:BA) Signed $4.9 Billion Contract With Garuda Indonesia For 737 MAX 8s

Boston, MA 10/13/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) announced receiving a $4.9 billion contract for 50 737 MAX 8s from Garuda Indonesia. According to Boeing’s latest press release, Indonesia’s flag carrier has signed a $4.9 billion contract with The Boeing Company (NYSE:BA) for the supply of as many as 50 airplanes. According to the […]

Trending Stocks: DURECT Corporation (NASDAQ:DRRX); The Boeing Company (NYSE:BA); W.P. Carey Inc (NYSE:WPC)

Boston, MA 10/13/2014 (wallstreetpr) – Drug maker DURECT Corporation (NASDAQ:DRRX) announced that it would  be sharing results and data it has collected from its drug candidate POSIDUR™ (SABER®-Bupivacaine) at the ANESTHESIOLOGY™ 2014 conference which started on 11th October and would end on 15th October. The conference is running on the sidelines of the annual American […]

The Boeing Company (NYSE:BA) Adds $4.9 Billion Order From Garuda Airlines

Boston, MA 10/13/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) has sealed a massive order deal for 50 jets, valued at $4.9 billion from Indonesia flagship carrier. The deal has been forthcoming after the giant aerospace company accounted for it, in its order and deliveries schedule although it had not been attributed to a specific customer. […]

Alaska Air Group, Inc. (NYSE:ALK) Is ‘Proudly All-Boeing’ Again

Boston, MA 10/07/2014 (wallstreetpr) – Alaska Air Group, Inc. (NYSE:ALK) has given a reason to The Boeing Company (NYSE:BA) to fly high. The former has released a press information yesterday disclosing its deal with Boeing. Under the agreement reached, Alaska Airlines has shopped for 10 737 planes from The Boeing Company for nearly $990 million. Fuel […]

Active Stocks: Magic Software Enterprises Ltd. (NASDAQ:MGIC); Elbit Systems Ltd (NASDAQ:ESLT); The Boeing Company (NYSE:BA)

Boston, MA 10/07/2014 (wallstreetpr) – Cloud Software platforms developer Magic Software Enterprises Ltd. (NASDAQ:MGIC) announced on 7th October that it will be releasing its third quarter 2014 financial results on Monday, November 10, 2014. The software team’s management team will also address the press and the analyst team at 10:00 a.m. Eastern Daylight Time on […]

The Boeing Company (NYSE:BA) To Raise Production For Meeting The High Demand

Boston, MA 10/03/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) is witnessing strong demand of airplanes from customers worldwide and therefore it intends to raise the production on the 737 program. It has plans to make 52 airplanes per month in year 2018 compared to the production of 42 airplanes per month in this year. It will […]

The Boeing Company (NYSE:BA) Inline for a $3.2 Billion Aircrafts Order from Kuwait Airways

Boston, MA 09/24/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) order-book could receive another uplift in the coming days after reports emerged that Kuwait Airways was planning to place an order for ten Boeing 777 jets. The deal is thought to be worth $3.2 billion. Boeing has this year given Airbus a major beating on the […]