Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon's inspector general.The Defense Department's auditor reviewed prices paid for 46 spare parts on the C-17 from 2018 to 2022 and found that 12 were overpriced and nine seemed reasonably priced. It couldn't determine the ...
Ryanair Holdings PLC (LSE:RYA) said lower fares and higher costs due in part to Boeing's problems slashed profits in its latest half-year. Costs rose 8% to €6.68 billion causing interim profits to drop by 18% to €2.18 billion even with revenues edging up 1% to €8.69 billion and record passenger numbers.
New Boeing CEO Kelly Ortberg has a full plate: his Seattle-area assembly workers are on strike; customers and regulators are breathing down his neck to fix manufacturing quality problems with the company's commercial airplanes; and his defense and space division is bleeding red ink. But if voters return former President Donald Trump to the White House in the Nov. 5 election, he could face a pla...
Prior management was sensitive to the price of the shares and downplayed serious problems. But a deeper analysis was available by a study of competitors, FAA findings, Dept of Defense feedback, and more. I saved many investors the mistake of buying Boeing prematurely over the last 4 years by digging deeper into the real issues.
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