Boeing Financial News

NASA says two astronauts will stay in space longer to continue troubleshooting Boeing’s capsule

Families of the 346 people who died in two crashes of Boeing 737 Max jetliners are waiting to hear if the Justice Department will prosecute the U.S. aerospace company

Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes. In a letter sent to Boeing CEO Dave Calhoun late on Thursday, NTSB Office of Aviation Safety Director Timothy LeBaron said an executive's comments this week during a factory tour attended by dozens of journalists «released non-public investigative information and made unsubstantiated speculations about possible causes of the Jan. 5 door plug blowout.» LeBaron said the NTSB had considered removing Boeing as a party to the probe and added further infractions could lead to Boeing losing its party status, which would bar it from participating in the investigation.

NASA said on Thursday that it would continue to evaluate Starliner's propulsion system performance along with Boeing before the shuttle returns from the International Space Station (ISS). NASA and Boeing did not provide a new date on the return, which had been set for June 26 after a pushback from the first potential date of June 14.

situation on Boeing's Starliner brings back the memory of the National Aeronautics and Space Administration's (NASA) “successful failure" mission that stunned everyone 54 years ago.Marred by an explosion on a spacecraft, three astronauts were left "swinging around the moon", over 2,05,000 miles away from Earth. The year was 1970, the mission was Apollo 13 and the US' third attempt to land on the Moon, near the crater Fra Mauro, had turned into a survival challenge for the crew.‘Houston, We’ve Had a Problem’ – the phrase that has now become famous was radioed from Apollo 13 to Mission Control upon a catastrophic explosion that dramatically changed the mission.

Boeing is being sanctioned by US investigators for sharing information about a federal investigation of a door plug blowout that left a gaping hole in a Boeing 737 Max 9. The National Transportation Safety Board (NTSB) said Thursday that Boeing «blatantly violated» the agency's investigative regulations as well as a signed agreement by providing non-public investigative information to the media and speculating about possible causes of the January 5 door plug blowout on a Boeing passenger jet in Portland, Oregon. During the incident, a panel that plugged a space left for an extra emergency door blew off an Alaska Airlines Max 9. Pilots were able to land safely, and there were no injuries.

A mechanic for a Boeing subcontractor claims he was fired after complaining about poor repair work on planes in a Boeing factory near Seattle

Two astronauts are spending extra time at the International Space Station as NASA and Boeing troubleshoot capsule problems that popped up on the way there

Stocks that traded heavily or had substantial price changes on Tuesday: Carnival, Enovix rise; Pool, SolarEdge fall

manufacturing giant Boeing is facing a huge crisis, having received orders for only four new planes in May. Orders for its once-best-selling 737 Max have almost dried up since an incident in January, in which the side panel of an Alaska Airlines aircraft blew out mid-air. The crisis, however, was not entirely unexpected.

Boeing as the U.S. Justice Department has until July 7 to decide whether to prosecute the planemaker after prosecutors alleged the company violated a deferred prosecution agreement related to two fatal crashes, with lawyers recommending criminal charges.Officials alleged in May that the 2021 agreement, which shielded Boeing from a criminal charge of conspiracy to commit fraud arising from the 2018 and 2019 fatal crashes involving the 737 MAX jet, had been breached.Arnold & Porter law firm partner Deborah Curtis told Global News the recommendations of charges will add to the impact Boeing has been dealing with in the past months.“This is not something that’s going away easily for Boeing at all,” she said in an interview.

Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited for crucial inflation data due out this week. AI chip firm Nvidia climbed 6.8%, bouncing back after a three-session sell-off, and the broader chip sector outperformed with the Philadelphia Semiconductor index adding 1.8%.

Boeing Starliner with its two astronauts - Sunita Williams and Butch Wilmore - to Earth from the International Space Station (ISS) was postponed by NASA again to allow more time to review technical issues.A new date for Boeing Starliner’s arrival on Earth has not been announced yet.Earlier, the spacecraft’s return was set for June 26. Before that, the first potential date was June 14.Williams and Wilmore were expected to return home after spending about a week in orbit.Williams scripted history by becoming the first female astronaut to fly on the first flight of a crewed spacecraft.

Boeing's Starliner spacecraft, carrying astronauts Barry Wilmore and Sunita Williams, is gearing up for its return journey from the International Space Station (ISS) despite facing technical challenges since its June 5 liftoff. The capsule has encountered five helium leaks, five maneuvering thruster failures, and a propellant valve issue, requiring extensive troubleshooting by the crew and mission control in Houston. Delayed Return

According to data from Adzuna, a search engine for job advertisements, vacancies stood at 854,248 at the end of May. This marked a 0.01% increase from April (854,171), while annual vacancies fell by 18.7% compared to the same period last year. Core inflation figures 'final nail in the coffin' for hopes of June BoE rate cut Cambridge retained its position as the top place in the UK to find a job, with only 0.34 jobseekers competing for one role, while Bradford had the lowest score, with 7.94 jobseekers per role. Meanwhile, monthly salary figures decreased for the first time since...

Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must decide by July 7 whether to prosecute Boeing. The recommendation of prosecutors handling the case has not been previously reported. In May, officials determined the company breached a 2021 agreement that had shielded Boeing from a criminal charge of conspiracy to commit fraud arising from two fatal crashes in 2018 and 2019 involving the 737 MAX jet.

NASA astronauts Barry 'Butch' Wilmore and Sunita Williams, have to wait for some time to return home as they are still stranded on the International Space Station while NASA is trying to leave no stones unturned in bringing them back home. However the timeline for their return has once again seen a glitch from the top space agency. According to The Telegraph's report, NASA has mentioned that more time is required to review the spacecraft that is responsible for bringing them back home as the thruster malfunction it was facing has still not been entirely resolved. Moreover, the spacecraft has reportedly seen helium leaks, that is primarily causing the delay in the first place, says USA Today.

Boeing is in the news once again for the wrong reason. In the latest addition of Boeing mishaps that have taken place this year, a fire broke out 15 minutes after the Boeing 738 aircraft took off from the Indian city of Hyderabad and the Kula Lumpur-bound flight returned, reports 'Business Insider'. A video going viral on social media sites shows the engine of the plane on fire with sparks flying out behind it. The plane returned to make an emergency landing at Hyderabad's Rajiv Gandhi International Airport.

Boeing Starliner's return to Earth from the International Space Station with its first crew of astronauts has been postponed, NASA said on Friday. NASA did not provide a new date, raising questions about when the mission's two astronauts will return as more testing and technical issues have created more delays.

 Jack Otter and the panel discuss the downfall of Southwest Airlines’ popularity and how they could turn it around on ‘Barron’s Roundtable.’

Sensex rose 141.34 points to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.Also Read: Indian stock market: 10 key things that changed for market overnight - Gift Nifty, BoE policy to Accenture Q3 resultsNifty 50 formed a small negative candle on the daily chart that placed beside the long negative candle of Wednesday. “Technically, this pattern indicates a doji type candle pattern, which doesn't have any significant predictive value, as the market is presently showing a broader sideways range movement.