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The Latest Breaking News from Kelly Ortberg

Striking Boeing Workers Set To Vote On Latest Offer

Striking workers at Boeing will vote Monday on the aerospace giant's latest contract proposal to end a bruising walkout that has dragged on for more than seven weeks.

International Business Times

Raised eyebrows as Boeing reportedly mulls sale of stellar space enterprise

Company that helped build Nasa’s Saturn V rockets said to be keen to focus on fixing problems in core aircraft business

The Guardian - US

Boeing will sell $19 billion in shares to avoid credit downgrade

The new offering is another blow to the company’s long-suffering shareholders, who will see the value of their holdings diluted.

Fortune

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Boeing Announces Stock Offering Expected To Raise Up To $19 Billion

Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries.

International Business Times

Boeing to raise up to $19bn amid costly strike and safety crisis

US manufacturer, which recently disclosed plan to cut 17,000 jobs, seeks to shore up balance sheet

The Guardian - UK

Boeing may put its iconic space business up for sale and had talks with Jeff Bezos’s Blue Origin, report says

That could include Boeing’s Starliner space taxi program and operations related to the International Space Station, sources told the Wall Street Journal.

Fortune

American Airlines CEO longs for the day when Boeing is not a distraction

Robert Isom has been one of Boeing’s loudest critics this year.

Fortune

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Prolonged Strike Clouds New Boeing CEO's Turnaround

The quest by Boeing's new CEO to revive the aviation giant's fortunes suffered a serious blow when striking machinists voted down the latest contract proposal, prolonging a nearly six-week stoppage.

International Business Times

Boeing workers reject new deal, company posts $6 billion loss

With production at Boeing’s facilities in the Pacific Northwest ground to a halt, the company’s woes keep growing.

Fortune

Boeing Workers Reject Contract Offer, Remain On Strike

Boeing workers' rejection of contract offer leads to a six-week strike, impacting financial performance and highlighting the need for resolution and commun...

Top News

Boeing strike to continue as workers reject latest contract proposal

Factory workers vote against company’s latest offer six weeks into strike that has stopped production of aerospace giant’s bestselling jetliners

The Independent UK

Boeing Workers Reject Contract, Extend Strike: Union

Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike.

International Business Times

Boeing's new CEO says the company will be 'iconic' again—even after losing more than $6 billion last quarter

CEO Kelly Ortberg outlined “fundamental” changes to the aircraft manufacturer ahead of Wednesday’s earnings.

Fortune

Boeing Reports $6.2 Bn Loss On Strike, Defense Contract Woes

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

International Business Times

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The Guardian - UK

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – as it happened

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

International Business Times

Troubled Boeing Faces Investors And Awaits Strike Vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

The Independent UK

Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

It's a big day for Boeing

Fortune

Boeing delivered just one 737 plane this month—yes, a single plane—as manufacturing remains at a standstill

The ongoing strike of Boeing workers has halted production of the manufacturer’s most popular and dependable jet.

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Fortune

Boeing lines up $35 billion in liquidity amid strike, layoffs

The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders.

Latin Times

Boeing to Cut 17,000 Jobs Over the Coming Months as Strikes and Safety Crises Impact the Company

Boeing's CEO stressed in a memo that "tough decisions" and "structural changes" are essential for recovery. The measure will reach executives, managers, and employees.

International Business Times

Boeing Slashing Workforce By 17,000 Amid Strike

Troubled company axing 10 percent of workforce after 33,000 walked off job, halting production of the 737 MAX, 767, and 777 jets

International Business Times

Boeing To Cut 10% Of Workforce As It Sees Big Q3 Loss

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

Salon

Boeing cuts 10% of workforce

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

France 24

Boeing to lay off 10% of workforce as machinist strike cripples airplane production

US aviation giant Boeing plans to lay off about 10 percent of its workers in the coming months, about 17,000 people, as it projected a large third-quarter loss after a nearly month-long strike by 33,000 of its workers slowed production and caused executives to delay delivery of its 777X jet…

The Independent UK

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

Boeing is announcing layoffs

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