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Boeing May Avoid Criminal Charges For Violating Settlement: Federal Monitor To Oversee Safety
Friday, June 21, 2024 - 12:26pm | 533Boeing Co (NYSE:BA) has reportedly been approved by the U.S. Department of Justice to avoid criminal prosecution for breaching terms of a 2021 settlement linked to issues with its 737 Max 8 model, which led to two fatal plane crashes in 2018 and 2019. Instead, the Justice Department intends to...
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How Spirit AeroSystems Is Caught Between Boeing And Airbus Tactics
Thursday, June 20, 2024 - 12:57pm | 343Spirit AeroSystems Holdings Inc (NYSE:SPR) is a key supplier for both Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY). While an acquisition by Boeing is "at least partially baked into the stock," there is uncertainty around the timing, according to Benchmark. The Spirit AeroSystems Holdings Analyst:...
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Boeing Testimony Before Congress Comes As Several Members Sold Shares Of Aerospace Giant
Tuesday, June 18, 2024 - 1:02pm | 609Boeing Co (NYSE:BA) CEO David Calhoun will testify before Congress today (June 18) about the company's safety measures. The testimony comes as several members of Congress sold their Boeing shares in 2024. What Happened: Calhoun will testify in front of the Senate Committee on Homeland Security...
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Airbus Battles Supply Chain Headwinds, Threatening Future Jet Deliveries: Report
Friday, May 31, 2024 - 10:30am | 367Airbus SE (OTC:EADSY) is reportedly encountering additional challenges in its planned increase in passenger jet production. The world’s leading aircraft manufacturer is struggling with persistent shortages of parts and labor, reported Reuters, citing a source. It is unclear whether the...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, May 24, 2024 - 4:20pm | 930Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...
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Boeing Isn't Junk Status — Yet: Moody's Outlook On Aircraft Maker Goes Negative
Wednesday, April 24, 2024 - 5:27pm | 611Boeing Co.'s (NYSE:BA) problems continue as Moody's Ratings downgraded the plane-maker’s credit score. What Happened: Moody’s lowered the score on Boeing's unsecured debt to Baa3 from Baa2, according to a report published Wednesday. Ba2 is the lowest possible investment-grade rating....
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'Airplanes Are Not Like Ikea Furniture': American Airlines Pilot Sounds Alarm On Boeing 'Mess'
Wednesday, April 10, 2024 - 2:36am | 823American Airlines pilot and spokesperson for the Allied Pilots Association Capt. Dennis Tajer has voiced serious concerns regarding new safety allegations about Boeing Co. (NYSE:BA) 787 aircraft. What Happened: During CNBC’s “Last Call” on Tuesday, Tajer described the Boeing...
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Boeing Faces 'Reputational Minefield' After Midair Door Blowout: 4 Analysts On Collateral Damage From 737 MAX 9 Grounding
Tuesday, January 9, 2024 - 1:17pm | 677Aircraft manufacturer Boeing Co (NYSE:BA) is facing regulatory scrutiny following a significant midair breach. Authorities are currently investigating the incident where a door plug dislodged from the side of an Alaska Air Group, Inc. (NYSE:ALK)-operated 737 MAX 9 aircraft carrying 171 passengers...
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Why Boeing Is On Goldman Sachs' Conviction List
Tuesday, November 14, 2023 - 2:59pm | 247Boeing Co (NYSE: BA) shares were climbing in early trading on Tuesday. The demand for new aircraft remained strong for both narrowbody and widebody, according to Goldman Sachs. The Boeing Analyst: Noah Poponak maintained a Buy rating on Boeing while keeping the price target unchanged at $258....
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AerCap Shares Soar Following Upward Revision Of FY23 Earnings Forecast, Q3 Earnings Beat
Friday, October 27, 2023 - 11:37am | 457AerCap Holdings N.V. (NYSE: AER) reported third-quarter FY23 total lease revenue growth of 7% year-on-year to $1.701 billion, missing the analyst consensus of $1.89 billion. Adjusted EPS of $2.81 beat the analyst consensus of $2.73. Total revenues and other income rose...
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Airbus Gears Up For Major Leadership Shift At Key Commercial Aircraft Unit: Report
Saturday, September 16, 2023 - 4:11pm | 609Airbus SE (OTC: EADSY) is reportedly nearing the plans to name a new internal head of its commercial aircraft business. The European aerospace giant's potential reorganization could see Christian Scherer, its sales chief, taking the reins of the world's leading civil planemaking...
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Boeing's April Delivery Decline Sparks New Deals
Tuesday, May 16, 2023 - 11:18am | 947Shares of Boeing (NYSE: BA) seemed to hold up against broader market volatility during Friday's trading session. On a day when the S&P 500 benchmark declined by as much as 1.2%, Boeing stock only refused to close the day with a soft decline of 0.56%. The relative strength comes from the...
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Boeing Stock Is Nosediving After Hours: What's Going On?
Thursday, February 23, 2023 - 6:02pm | 261Boeing Co (NYSE: BA) shares are trading lower after the close on Thursday following reports the planemaker will halt deliveries of its 787 Dreamliners. What Happened: According to a CNBC report citing the Federal Aviation Administration (FAA), Boeing will temporarily stop deliveries of...
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What's Going On At JFK Airport? One Week, Two Near Plane Crashes: Here's What Officials Told Benzinga
Thursday, January 19, 2023 - 3:22pm | 459The Federal Aviation Administration (FAA) is investigating two incidents involving multiple airlines at New York's John F. Kennedy International Airport over the course of one week. What Happened: Officials are investigating a Jan. 13 incident between a Boeing 737 operated by Delta Air Lines,...
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Why This Spirit AeroSystems Analyst Made A Double Downgrade
Friday, November 11, 2022 - 11:29am | 308Spirit AeroSystems Holdings, Inc. (NYSE: SPR) subsidiary, Spirit AeroSystems Inc, raised $900 million in a debt offering. Although the company is trying its best to diversify away from Boeing Co (NYSE: BA), it remains “mostly a 737 story,” according to BofA Securities. The Spirit...