Air Force picks Anduril, General Atomics for next round of CCA work

breakingdefense.com UPDATED 4/24/24 at 5:48 PM ET with details from an Air Force press release and comments from CCA vendors. WASHINGTON — Defense startup Anduril and drone maker General…

Here are the two companies creating drone wingmen for the US Air Force

defensenews.com The U.S. Air Force on Wednesday announced it selected Anduril and General Atomics to keep designing, building and testing its first batch of drone wingmen known as…

After shrugging off a $355 million first-quarter loss, Boeing has to slog through the mud of fresh allegations it retaliated against workers

aol.com Fresh off questions about the structural integrity of its airplanes, Boeing is now battling multiple accusations that it shut down employees for trying to raise safety…

‘We are in a tough moment’: Boeing slows airplane deliveries 36% as it fights to regain public confidence

aol.com After multiple highly publicized issues with Boeing’s Max line of airplanes, Wall Street’s eyes were locked on the company’s earnings report Wednesday. The good news was the…

Anduril moves ahead in Pentagon program to develop unmanned fighter jets

techcrunch.com Anduril Industries has taken another step forward in its quest to become the next great American prime, this time by beating out major defense companies to develop and test…

As Boeing burns through $3.8 billion in cash, it exposes a painful truth for investors: Right now, it can’t make planes fast enough to turn a profit

aol.com In the early hours of April 24, the Boeing Co. posted staggering losses for Q1 of 2024. The troubled manufacturer suffered a deficit of $3.8 billion in free cash flow,…

Boeing failures are a case study of America’s manufacturing “dark age”

marketplace.org Boeing released its first-quarter financial results Wednesday, and, despite the disastrous Alaska Airlines flight earlier this year and the ensuing public scrutiny the plane…

Airline refunds just got easier: What new federal rules mean for you

thestreet.com Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading on Wednesday, April 24. Related: 'Quiet life…

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

investing.com Benchmark closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology…

After shrugging off a $355 million loss, Boeing slogs through fresh allegations it retaliated against workers

fortune.com Fresh off questions about the structural integrity of its airplanes, Boeing is now battling multiple accusations that it shut down employees for trying to raise safety…

WATCH LIVE: Families of Boeing crash victims hold news conference following meeting with DOJ

pbs.org Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing…

Boeing accused of hiding information of retaliation against workers

thestreet.com has managed to find itself in more hot water. A union representing Boeing’s workers has filed a complaint to the National Labor Relations Board alleging that the company…

Ryanair CEO dishes advice to Boeing on managing its crises: ‘Never put a pilot in charge of an airline’

aol.com Boeing has weathered passenger deaths in its planes, ongoing safety emergencies, an FAA investigation, frequent Senate hearings, and rocky finances that have contributed to…

Stock Market Today: Rally fades as Tesla soars; Meta earnings on deck

newsweek.com The U.S. stockmarket took a breather on Wednesday, ending the day little changed amid slew of corporate earnings reports, and ahead of some key economic data scheduled for…

Boeing stock slides after tumultuous quarter headlined by 737 Max crisis

finance.yahoo.com stock slid 2.8% on Wednesday after the company reported losses that were narrower than fear, but still reported negative free cash flow of nearly $4 billion as a result of…

Stock Market Today: S&P 500 ekes out gain on Tesla rally but spike in yields bite By

investing.com Investing.com-- The S&P 500 eked out a gain Wednesday, as rising Treasury yields and weakness in industrials weighed, but a spike in Tesla helped tech add to gains ahead of…

Musk moves Tesla's goalposts, investors happily move shares higher

theregister.com Opinion Elon Musk has a strategy and you may have seen it before: When things aren't going well, he'll say something wild to take everyone's eyes off the trouble, and raise…

Can anyone pull Boeing out of its nosedive?

economist.com Few companies have had a worse start to the year than Boeing. In January a panel plugging an unused emergency exit blew out of a 737 MAX over Oregon. Thankfully the plane…

Dramatic video shows 747’s failed landing attempt at LAX

ktla.com A scary moment involving a Lufthansa Airlines flight was captured on video at Los Angeles International Airport on Tuesday. The 747-8i, Boeing’s largest version of the…

Boeing lost less revenue than expected amid safety crisis

semafor.com Semafor Signals Supported by Insights from Bloomberg, Fast Company, and MSNBC The News Boeing reported a slightly smaller revenue loss this quarter compared to last year, in…

Biden is sending $61 billion to Ukraine. Much of it will pass through the US economy first

aol.com Washington is spending another $61 billion to help Ukraine. But most of the money will flow through the US economy first. The new law will allow the Pentagon to send…

BA Stock Earnings: Boeing Beats EPS, Beats Revenue for Q1 2024

investorplace.com Boeing (NYSE: ) just reported results for the first quarter of 2024. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of…

Another Boeing whistleblower comes forward

theregister.com Another Boeing whistleblower has come forward to report problems at his former employer, but that doesn't seem to have upset shareholders, who sent shares skyward on news of…

A former aviation minister has been arrested for fraud

thestreet.com Since the proposed new national carrier was unveiled six years ago, Nigeria Air has been fraught with controversy and political problems. The main backer of the project,…

Boeing announces million-dollar losses after series of safety scandals

euronews.com The aircraft manufacturer beat Wall Street expectations but still finds itself in crisis mode after a mid-flight cabin panel blowout in January. Plane maker Boeing lost $355…

Boeing reports $355 million loss amid door blowout crisis

washingtonpost.com Boeing lost $355 million in the first quarter as it struggled with the fallout from a January door blowout on a 737 Max 9. According to quarterly results posted Wednesday,…

Oil sprays from an ANA flight carrying 213 people as it lands in northern Japan

apnews.com Oil sprayed from an All Nippon Airways plane as it landed Wednesday at Shin Chitose airport in northern Japan, but none of the 213 people on board was injured, officials…

You'll soon be able to get an automatic refund when your flight is delayed or canceled

aol.com None Airlines must start providing passengers with automatic refunds when flights are delayed or canceled. • None New regulations announced Wednesday mean passengers can…

Dave Calhoun bows out as chief executive of Boeing

economist.com The blowout of a fuselage panel from a Boeing 737 MAX over Oregon in January was a “watershed moment” for its maker, according to Dave Calhoun. But it was only the latest in…

Boeing reports first revenue drop in seven quarters as deliveries decline

theglobeandmail.com Boeing BA-N on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January…

U.S. core capital goods orders rise slightly in March

theglobeandmail.com New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business spending on…

Tesla stock soars on Elon Musk's vision for future: What we know about new car models

thestreet.com Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading on Wednesday, April 24. Related: Elon Musk…

Boeing 737 MAX crash victims’ families want to share evidence with DOJ

seattletimes.com At issue is whether Boeing violated a deferred-prosecution agreement put in place after 737 MAX crashes in 2018 and 2019.

Everyone said 'sell Tesla' ahead of earnings; our AI model disagreed

investing.com Investing.com — After a consolidation period amid heightened risks associated with the EV industry and growing competition with China, Tesla (NASDAQ: ) stock is posting a…

BA Earnings: Boeing Delivers Better-Than-Expected Results

tipranks.com Boeing (NYSE:BA) reported better-than-expected results as its losses narrowed in the first quarter. The aerospace giant reported a Q1 loss of $1.13...

Stock market today: Wall Street drifts after a two-day rally

apnews.com Stocks are drifting in early trading as Wall Street lets off the accelerator. The S&P 500 edged up 0.3% early Wednesday after a two-day winning streak erased nearly…

Boeing blew through $4bn last quarter in response to 737 Max blowout incident

theguardian.com Boeing on Wednesday reported it had burned through nearly $4bn in the last quarter as it dealt with the consequences of a mid-flight blowout of a cabin panel on a brand-new…

Boeing posts a $355M loss, as plane maker tries to dig out from latest crisis

abcnews.go.com Boeing posts a $355M loss, as plane maker tries to dig out from latest crisis Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter,…

Boeing’s losses narrow, but the airplane business keeps getting weaker

marketwatch.com The commercial-airplane business has weakened to the point that it is now Boeing’s smallest business segment.

Stock market today: Rally looks to continue and all eyes on Meta

newsweek.com International stock indexes rose and U.S. futures were up Wednesday for the third day in a row, suggesting that the market rally may continue. On Tuesday, all three major…

Jim Cramer's top 10 things to watch in the stock market Wednesday

cnbc.com My top 10 things to watch Wednesday, April 24 The S & P 500 and Nasdaq are trying to extend their winning streaks to three sessions. Bond yields are higher again so perhaps…

Boeing Jumps After Beating Apocalyptic Estimates Despite Biggest Cash Burn In 4 Years

zerohedge.com Boeing Jumps After Beating Apocalyptic Estimates Despite Biggest Cash Burn In 4 Years Having been hammered like a nail for much of 2024 as a result of incident after…

Boeing losses, problems continue to mount

aol.com Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, and warned investors and employees it will have to cut back production…

Boeing’s $3.9 billion cash burn adds urgency to revival plan

seattletimes.com Boeing ended the reporting period with $7.5 billion in cash and short-term securities, down from $16 billion at the start of the year. Boeing said it still has access to $10…

Boeing reports first revenue drop in 7 quarters as deliveries decline

aol.com Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January…

Boeing Loses $355 Million in Latest Quarter

nytimes.com Boeing on Wednesday reported a $355 million loss for the first three months of the year, as it deals with a quality crisis stemming from a Jan. 5 flight during which a panel…

Alaska Airlines was named America's favorite airline for the 2nd year in a row

aol.com None A major consumer survey found that Alaska Airlines is the most popular airline in the US for the second year running. • None The airline topped the American Customer…

Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis

chicagotribune.com Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing…

Boeing Q1 Shows Revenue Dip Amid Backlog Growth

tipranks.com has released an update. Boeing’s first quarter of 2024 revealed a revenue of $16.6 billion with a GAAP loss per share of ($0.56...

Durable Goods Orders Suffers Biggest YoY Decline Since COVID Lockdowns

zerohedge.com Durable Goods Orders Suffers Biggest YoY Decline Since COVID Lockdowns The roller-coaster ride that is 'Durable Goods New Orders' continues this morning after the last six…

Boeing Faces Potential Criminal Prosecution As Crash Victims' Families Demand Justice: 'Throw Out The DPA'

benzinga.com In the latest development, families of victims from the 2018 and 2019 Boeing 737 MAX crashes are calling on the U.S. Justice Department to prosecute Boeing Co. BA over…

Boeing shares leap on narrower Q1 loss, but 737 Max recovery will take time

thestreet.com Boeing posted a narrower-than-expected first-quarter loss Wednesday, but it cautioned that a recovery in production for its workhorse 737 Max jet will take time after a…

Boeing beats on earnings after tumultuous quarter headlined by 737 Max crisis

finance.yahoo.com on Wednesday reported earnings that beat Wall Street expectations after a tumultuous first quarter. Boeing reported first quarter core (or adjusted) loss per share of $1.13,…