Boeing Stock News

FAA Administrator Michael Whitaker said on Thursday he plans to soon visit Boeing's Seattle offices to meet with CEO Kelly Ortberg as the planemaker resumes 737 MAX production.

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Kelly Ortberg had a tough message for Boeing employees, including that the company is at a ‘low' as employees spend more time arguing among themselves than figuring out how to beat Airbus.

Boeing issued lay off notices to 692 workers in Missouri, home to the company's Defense, Space & Security division, according to a federally-required filing posted on Wednesday, as part of the debt-heavy U.S. planemaker's plan to cut 17,000 jobs, or 10% of its global workforce.

Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.

Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks included Blackstone Secured Lending, Goldman Sachs BDC, and Midcap Financial Investment Corporation.

Boeing stock price has sold off recently and is hovering near its lowest level since October 2022 as concerns about its business and the incoming Trump administration remain. It has crashed by 44% this year, bringing its market cap to over $107 billion.

Boeing begins layoffs as part of its plan to cut 10% of its workforce. BA stock was one of the few climbers in the Dow Jones Industrial Average.