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The Latest Breaking News from Boeing

Why Boeing Shares Are Falling Today

Boeing Co (NYSE: BA) shares are trading lower by 4.44% to $127.79.

Benzinga

Biden nixes Trump design for Air Force One over cost, delay

President Joe Biden’s administration has scrapped former President Donald Trump’s red, white and blue design for the new generation of presidential aircraft after an Air Force review suggested it would raise costs and delay the delivery of the new jets

The Independent UK

Biden ditches Trump’s Air Force One paint job deemed too dangerous to fly

‘Trump paint scheme is not being considered because it could drive additional engineering, time, and cost,’ Biden administration official says

The Independent UK

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White House set to nominate next FAA administrator, former city transit exec Phil Washington

The White House is set within days to announce Phil Washington, CEO of Denver International Airport, as its nominee to be the next FAA administrator, according to two people familiar with the deliberations.

Tribune News Service

Griffin, Akasa Air tie up for aircraft sale, leaseback

Agreement for first five Boeing 737 MAX planes

The Hindu

The Man Who Broke Capitalism — did Jack Welch destroy corporate America?

In his sharp, provocative book, David Gelles argues that the GE boss’s brutal efficiency drive led to long-term decline

Financial Times

Deal delays cause drop in sales at global security pass specialist Intercede, but outlook ‘positive’

Clients have included the US Department of Homeland Security, Boeing, Wells Fargo, Deutsche Telekom and Airbus

Birmingham Post

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Southwest Picks Astronics To Provide Latest Generation Of In-Seat Power System

Astronics Corp (NASDAQ:ATRO) has secured a contract from Southwest Airlines Co (NYSE:LUV) to provide EMPOWER Passenger In-Seat Power System for installation on 475 Boeing Co (NYSE:BA) 737 MAX-7 and MAX-8 aircraft. Financial terms not disclosed. The award is part of Southwest's recently announced cabin upgrade initiative to enhance the customer experience. The system configuration selected by Southwest will provide 60W…

Benzinga

TriMas Aerospace Bags Boeing T-7A Defense Contract

TriMas Corp (NASDAQ:TRS) has secured multi-year contracts from Boeing Co (NYSE:BA). The financial terms were not disclosed. TriMas Aerospace's RSA Engineered Products (RSA) business was awarded several components used in fluid conveyance applications, more specifically within the air ducting system, by Boeing for its T-7A Red Hawk training jet program. "We are proud…

Benzinga

As Boeing pushes for exemption for Max 10, report to FAA critiques 737 crew-alerting system

An independent report commissioned by the Federal Aviation Administration may influence a crucial, looming decision about Boeing's not-yet-certified-to-fly 737 Max 10.

Tribune News Service

How 'Top Gun: Maverick' made those groundbreaking aerial scenes soar

Before filming "Top Gun: Maverick," with actors taking real G-forces in Boeing F/A-18 Super Hornet fighter jets sporting Imax-grade cameras, cinematographer Claudio Miranda pulled a Tom Cruise and climbed into the cockpit himself.

Los Angeles Times

This Is What Whales Are Betting On Boeing

Someone with a lot of money to spend has taken a bearish stance on Boeing (NYSE:BA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

US orders seizure of two of Roman Abramovich’s private planes

‘Our work has only just begun,’ says FBI

The Independent UK

Scientists invent an edible solution to fake alcohol

In this edition of HORIZONS, read about a silk tag that lets drinkers authenticate their whiskey (and medication), expanded NASA contracts for SpaceX, and more.

Inverse

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The Independent UK

U.S. seeks to seize 2 luxury jets linked to Russian oligarch

Federal authorities are moving to seize a $60 million Gulfstream and a $350 million aircraft believed to be one of the world's most expensive private airplanes after linking both aircraft to Russian oligarch Roman Abramovich

Axios

DOJ moves to seize jets owned by Russian oligarch Roman Abramovich

The move is yet another step by the U.S. to seize the assets of wealthy Russians with close ties to Vladimir Putin.

Bangkok Post

Boeing Supply Chain Snarls 737 MAX Production, Deliveries

Supply-chain snags led Boeing Co. to recently pause 737 MAX production for about 10 days, people familiar with the matter said, complicating the plane maker's ability to satisfy airlines' demand for new aircraft.

The Guardian - UK

Which capital city used to be named after Christian IV of Denmark? The Saturday quiz

From Boeing 747s to Pluto, test your knowledge with the Saturday quiz

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Benzinga

9 Of The Most Expensive Planes In The World: What's Your Style?

Imagine airplane travel without the hassle. Seats with legroom, no person seated in front of you pushing their seat — and the fold-down tray — into your lap, no fights amongst passengers that will inevitably go viral on social media. Now, imagine this: flying on a private plane. (Though there…

Benzinga

What Are Whales Doing With Boeing

A whale with a lot of money to spend has taken a noticeably bearish stance on Boeing. Looking at options history for Boeing (NYSE:BA) we detected 26 strange trades.

Benzinga

What's Going On With Boeing Stock?

Boeing Co (NYSE: BA) shares are trading significantly higher Thursday on above-average volume.

Tribune News Service

Canadian airline Flair gets green light to grow and buy more Boeing 737 Maxes

Canada's ultra-low-cost startup carrier Flair Airlines, which for two months has faced the threat of closure by government regulators over allegations that it was not controlled by Canadians, on Wednesday got the green light to continue operations.

The Times of India

After 51 years, Maharaja 'retires' his 'queens of the skies'

NEW DELHI: Air India’s iconic Boeing 747s may have finally reached the end of the road after colouring international skies in the tricolour for over half a century.

The Independent UK

Germany buys Chinook helicopters in arms procurement drive

Germany's defense minister says the country plans to buy Boeing Chinook transport helicopters as part of a massive procurement drive to upgrade its military

Reuters

Germany picks Boeing's Chinook helicopters to replace Sikorsky fleet

(This June 1 story corrects to read 'CH-53' (not 'CH-53K') in paragraph 1)

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