Boeing workers end seven-week strike with approval for new pay deal
A seven-week strike by Boeing workers has ended after 58% of union members voted to approve a new…
Boeing
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Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the U.S.’s largest exporter by dollar value, and one of the largest employers in the United States.
Key Facts
- Type: Publicly traded company
- Industry: Aerospace, Defense
- Founded: July 15, 1916; 107 years ago in Seattle, Washington, USA
- Founders: William E. Boeing, George Conrad Westervelt
- Headquarters: Chicago, Illinois, USA (since 2001)
- Key People: Dave Calhoun (President and CEO), Brendan Nelson AO (Senior Vice President)
- Products: Commercial airplanes, military aircraft, rotorcraft, rockets, satellites, missiles, telecommunications equipment
- Services: Aircraft leasing, maintenance, training, data analytics
Revenue: US$77.79 billion (2023) - Number of employees: 170,688 (2023)
- Website: https://www.boeing.com
Union urges Boeing strikers to vote in favor of new 38% pay rise offer
After weeks of strikes, the International Association of Machinists and Aerospace Workers (IAM) has urged Boeing workers to…
Boeing raises $21 billion in new public stock offering in bid to secure capital
Boeing has raised $21 billion in a new public stock offering as the planemaker looks to recover from…
LATAM Airlines orders 10 Boeing 787-9 Dreamliners with options for five more
LATAM Airlines Group has placed an order for 10 Boeing 787-9 Dreamliners with an option to purchase a…
Boeing launches offering of 90M common shares, $5B depositary shares
Boeing launched an offering consisting of 90 million shares of common stock and $5 billion in depositary shares.…
Boeing machinists reject latest contract proposal, strike nears its sixth week
The union representing 33,000 striking Boeing machinists’ on the US West Coast turned down the latest contract offer…
Boeing posts third-quarter net loss of $6.17 billion driven by ongoing strike
Boeing has announced its third-quarter results for 2024, revealing the significant impact of industrial action by the International…
Boeing machinists to vote on new contract proposal amid five-week strike
Striking machinists at Boeing will vote on October 23, 2024, on a new contract proposal that could end…
Boeing lays ground for $35bn in funding, 10bn already secured from US banks
Boeing has positioned itself to secure up to $35 billion in funding as the planemaker looks to shore…
Boeing to issue layoff notices to thousands of workers in November 2024
Boeing plans to issue layoff notices to thousands of workers in November 2024, meaning those employees will leave…
Boeing to cut 10% jobs, postpone delivery of 777X jet due to financial loss
Boeing plans to cut 10% of its workforce and postpone the first deliveries of its 777X jet as…
Boeing’s Compact Laser Weapon defeats large drones in Red Sands Exercise
Boeing reported that its Compact Laser Weapon System, or CLWS, successfully engaged and defeated large drones for the…
Boeing submits filing against IAM union, accusing it of “bad faith bargaining”
Boeing has submitted a filing to the National Labor Relations Board (NLRB) claiming of unfair labor practice. It…
US Space Force prepares X-37B space drone for aerobraking maneuver
The US Space Force is preparing to execute a series of orbital maneuvers with its X-37B Orbital Test…
Boeing ends talks with IAM union, says further negotiations “do not make sense”
Boeing has withdrawn its ‘best and final’ contract offer to 33,000 Boeing factory workers on the US West…
Boeing reveals totals of new aircraft deliveries in the third quarter of 2024
Boeing has released its latest figures for the total number of aircraft the company delivered in the third…
Machinists’ union fails to reach deal after mediation, contract talks resumes
The union representing 33,000 striking Boeing factory workers on the US West Coast said the latest mediation meeting…
SpiceJet fleet expands with introduction of 10 aircraft by end of November 2024
The Indian low-cost carrier SpiceJet has confirmed that its commercial fleet is due to expand with the introduction…