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Wall Street analysts anticipate the company will seek to raise cash by selling stock. At the end of the second quarter, Boeing had roughly $58 billion in total debt and $12.6 billion in cash.
Boeing stock hovered near 52-week lows on Tuesday after the planemaker's largest union went on strike last week and analysts estimated that the company could lose over $100 million per day ...
Boeing stock sags despite Fed rally, company furloughs workers amid strike. Boeing’s standoff with over 33,000 striking workers is already taking a toll. On Wednesday, the company told ...
Boeing stock fell 3.7% Friday, bringing its decline for the year to nearly 40%. The strike started soon after a regional branch of the International Association of Machinists and Aerospace Workers ...
The Boeing Company. The Boeing Company (or simply Boeing) (/ ˈboʊɪŋ /) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. [5] The company also provides leasing and product support services.
The Boeing 737 MAX groundings has had a deep financial effect on the aviation industry and a significant effect on the national economy of the United States. No airline took delivery of the MAX during the groundings. Boeing slowed MAX production to 42 aircraft per month until January 2020, when they halted until the aircraft was reapproved by ...
Boeing proposed a 25% wage increase over four years and other improvements to health care and retirement benefits, but the union had sought raises of about 40%. The strike began on Friday.
In February 2023, Boeing awarded Calhoun an incentive of about $5.29 million in restricted stock units to "induce him to stay throughout the company's recovery." In March 2023, Boeing announced Calhoun was being given shares worth $15 million that will vest in installments over three years. [21] [22]
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