Boeing Stock News

Boeing Co (NYSE:BA, ETR:BCO) has notified 438 members of its professional aerospace labour union of impending layoffs, part of broader plans to cut about 17,000 jobs, or 10% of its workforce. The cuts come as the company addresses financial challenges, regulatory restrictions, and the fallout from an eight-week machinists' strike.

Boeing board has elected former Vanguard Group CEO Tim Buckley as its newest member, effective Jan. 1, the U.S. planemaker said on Friday.

ARLINGTON, Va. , Nov. 15, 2024 /PRNewswire/ -- The Boeing Company [NYSE: BA] Board of Directors today announced that it has elected Tim Buckley as its newest member, effective January 1, 2025.

Production down 0.3% after 0.5% drop in prior month

David Tepper's Appaloosa and Soros Fund Management diverge on Boeing Co., securities filings late Thursday show.

Boeing Co (NYSE:BA, ETR:BCO) has started issuing layoff notices this week as part of a larger workforce reduction, impacting around 17,000 employees, or 10% of its global workforce. The layoffs will impact employees at all levels including executives, managers and manufacturing workers at its facilities in Washington and South Carolina.

Boeing said on Thursday it hired former Northrop Grumman executive Colin Miller to head its Phantom Works research arm within the company's defense business unit.

The cuts, which come after a labor union strike, equate to 10% of its workforce.