Boeing's key supplier Spirit AeroSystems has a substantial inventory of 737 fuselages of significantly improved quality that are ready to ship, an executive with the planemaker told a Seattle aerospace conference on Tuesday.
Boeing's losses on its Starliner spacecraft topped $2 billion and counting after a rough year. The Starliner program reported charges of $523 million for 2024 — its largest single year loss to date.
The Boeing Co. NYSE: BA stock has been trying to recover after a tumultuous 2024, enabling smaller aircraft manufacturers like Embraer S.A. NYSE: ERJ to accelerate their business.
President Trump's tariffs on Canada, Mexico, and China could negatively impact Boeing, a major exporter, by increasing costs and reducing sales. Tariffs generally harm consumers by raising prices and potentially causing job losses, as companies pass on costs or cut production. Boeing faces risks from potential countermeasures, which could lead to lost sales and higher production costs, affectin...
The vice president leading Boeing's Starliner spacecraft unit, Mark Nappi, has left the troubled program and was replaced by the company's International Space Station program manager, John Mulholland, a Boeing spokesperson told Reuters on Thursday.
CEO Kelly Ortberg took over at Boeing knowing that the company was in trouble. Those troubles added up to an $11.8 billion loss last year, the company reported on Tuesday.
The Boeing Company's recent earnings guidance shows quarterly revenue of $15 billion, but a negative $3.5 billion in operating cash flow due to work stoppages. Despite short-term struggles, Boeing's $26 billion in cash and marketable securities positions it well for long-term growth. The company's almost 2-month strike is a significant factor in its current financial losses.
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