Allison Lampert News Today

By David Shepardson and Allison Lampert WASHINGTON/MONTREAL (Reuters) -Boeing CEO Dave Calhoun will testify before a U.S. Senate panel on June 18 after a series of incidents raised concerns about safety and quality and regulators barred the planemaker...

New York (Reuters) - Boeing executives are unlikely to be criminally charged over fatal crashes in 2018 and 2019 that killed 346 people as the statute of limitations has likely passed, U.S. Justice Department officials told victims' family members in a meeting.

-Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the companys finance chief said Thursday, as the U.S.... -May 23, 2024 at 12:51 pm EDT - MarketScreener

Boeing currently has a BBB- rating from S&P, one level above "junk" status, with a negative credit rating outlook. The rating agency changed that outlook in April to "negative" from "stable" due to the increased chance that it will take more time for cash flow to recover.

(Reuters) - Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024. Boeing currently has a BBB- rating from S&P, one level above...

Boeings plane deliveries to China have been delayed in recent weeks due to a Chinese regulatory review of batteries related to the cockpit voice recorder, a source familiar with the matter told...

One passenger died of a suspected heart attack and 30 others were injured after a Singapore Airlines flight from London to Singapore hit severe turbulence on Tuesday, forcing the Boeing 777-300ER jet...

A Boeing engineering union said on Thursday it will offer its representatives training on U.S. whistleblower laws for the first time, following concerns that its members lack adequate protection...

Former Qualcomm chief Steve Mollenkopf will make his first public appearance as chairman at the virtual gathering. Boeing is dealing with a sprawling crisis that includes multiple investigations, possible prosecution for past actions and slumping production of its strongest-selling jet. Mollenkopf is leading the search to replace Calhoun, who said he would retire by year-end as part of a management shakeup following a January mid-air blowout on a new 737 MAX 9.

“The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,” spokesman Joe Buccino said. Spirit had already started to limit overtime and hiring as production declines due to lower output of 737 MAX jets following a January mid-air blowout on a Boeing plane.