A U.S. Navy underwater drone sent to search for a missing Malaysian jetliner had its first mission cut short after exceeding its depth limit.» Read More
WICHITA, Kan.— A federal judge in Kansas has set a hearing in the lawsuit against Boeing brought by two unions over pensions and retiree medical benefits. The litigation stems from the 2005 sale of Boeing's commercial aircraft operations in Wichita to Spirit Aerosystems.
Boeing rose $2.10 or 1.7 percent, to $126.25. Lockheed Martin Corp. rose $1.07 or. 7 percent, to $157.72. Northrop Grumman Corp. rose$. 67 or. 6 percent, to $119.54.
Boeing fell $1.44 or 1.1 percent, to $124.15. Lockheed Martin Corp. fell $1.09 or. 7 percent, to $156.65. Northrop Grumman Corp. fell$. 42 or. 4 percent, to $118.87.
*Forward-looking measures of labour demand all flashing green. SYDNEY, April 9- Job losses in manufacturing have dominated Australian headlines-- 350 at BP, 180 at Philip Morris, 300 at Boeing in the past month alone-- but data proven to herald increased hiring tell a much cheerier tale.
Boeing fell$. 92 or. 7 percent, to $124.67. Lockheed Martin Corp. fell $1.38 or. 9 percent, to $156.36. Northrop Grumman Corp. fell$. 66 or. 6 percent, to $118.63.
WASHINGTON— President Barack Obama and his Democratic allies in Congress are making a concerted election-year push to draw attention to women's wages, linking Obama executive actions with pending Senate legislation aimed at closing a compensation gender gap that favors men.
A robotic search vehicle is likely to be sent deep into the Indian Ocean to look for wreckage of a missing Malaysian jetliner on the sea floor.
Boeing said that it would shut the production line in Southern California three months earlier than anticipated, in mid-2015 instead of late 2015, a decision that affects about 2,200 workers there.
Boeing fell $1.26 or 1.0 percent, to $126.12. Lockheed Martin Corp. fell$. 86 or. 5 percent, to $158.75. Northrop Grumman Corp. fell$. 44 or. 4 percent, to $120.25.
NEW YORK— Boeing will take a $50 million charge as it ends production of its C-17 Globemaster III and closes its last assembly facility in Long Beach, California. The C-17 made its first flight in 1991. It is used to airlift tanks, supplies and troops and perform medical evacuations.
ABU DHABI, United Arab Emirates— The director of the International Air Transport Association said Monday he wants to see a globally agreed upon tracking standard in place by the end of this year, which also takes into consideration the cost on airlines, in order to avoid another disappearance like that of Malaysia Airlines Flight 370..
WASHINGTON— President Barack Obama is using the federal government's vast array of contractors and subcontractors as a labor policy incubator, ready to sidestep Congress to impose workplace rules on wages, pay disparities and hiring on a segment of the private sector that gets taxpayer money and falls under the chief executive's control.
The Defense Department decided it could skip further orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes after concluding that a halt in their production would not jeopardize suppliers for other big weapons programs, said Elana Broitman, the Pentagon's top industrial base official.
The president will sign the executive order and the presidential memo during an event at the White House where he will be joined Lilly Ledbetter, whose name appears on a pay discrimination law Obama signed in 2009.. At the same time, it also underscores the limits of his ambition when he doesn't have the backing of Congress for his initiatives.
WASHINGTON/ PARIS, April 4- Boeing Co, the world's biggest airplane maker, and engine maker General Electric Co said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.
WASHINGTON, April 4- General Electric Co on Friday said it had received permission from the U.S. government to overhaul 18 engines sold to Iran in the late 1970 s under a temporary sanctions relief deal reached in January. He said GE officials would meet with officials from Iran flag carrier Iranair and MTU in Istanbul next week to discuss Iran's needs.
CHICAGO— Boeing Co. said Friday that it received U.S. government approval to export certain spare parts for commercial airplanes to Iran. The spokesman, Marc Birtel, said Boeing's last delivery to Iran was a 747-100 jumbo jet in August 1979— three months before American hostages were seized at the U.S. embassy in Tehran.
Boeing fell $1.40 or 1.1 percent, to $127.38. Lockheed Martin Corp. fell $4.14 or 2.5 percent, to $159.61. Northrop Grumman Corp. fell $4.33 or 3.5 percent, to $120.69.
WASHINGTON/ PARIS, April 4- Boeing Co, the world's biggest airplane manufacturer, on Friday said it received a license this week from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran as part of a temporary sanctions relief agreement reached in January.
Boeing fell$. 21 or. 2 percent, to $128.58. Lockheed Martin Corp. fell $2.38 or 1.5 percent, to $161.37. Northrop Grumman Corp. fell $2.41 or 1.9 percent, to $122.61.