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The Latest Breaking News from Boeing

Argentina Seizes Passports of Grounded Plane's Iranian Crew

Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending a probe into possible links to Iran's Revolutionary Guards, officials said Monday. A judge on Monday ordered their travel documents held for an additional 72 hours after Security Minister Anibal…

Asharq Al-Awsat

Dutch group targets hydrogen-fuelled commercial flight in 2028

Consortium plans to adapt turboprop aircraft with 40-80 seats to run on environmentally friendly fuel

The Guardian - UK

Why Shares Of The Boeing Company Are Trading Lower

Boeing Company (NYSE: BA) shares are trading lower Monday alongside several companies in the broader industrials sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Benzinga

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Boeing Shares Drop 8% As Investors Brace For Another Disappointing Monthly Delivery Number

Boeing Co. (NYSE: BA) shares dropped 8% on Monday and are now down more than 52% in the past year ahead of what will likely be another lackluster monthly delivery number expected out on Tuesday, June 14.

Benzinga

Murder-suicides by pilots are vexing airlines as deaths mount

For decades, commercial airline travel has gotten progressively safer. But one cause of deaths has stubbornly persisted: pilots who intentionally crash in murder-suicides.

Tribune News Service

Argentina grounds Iran-linked Venezuelan cargo plane, lawmakers seek probe

Argentine authorities have grounded an Iran-linked Venezuelan Boeing 747 cargo plane, a local opposition lawmaker and Iranian state media said on Sunday, in an unfolding drama that is throwing a spotlight on political undercurrents in Latin America.

Reuters

India in talks for more Apache, Chinook choppers: Boeing official

F/A-18 E/F Super Hornet fighter has distinct advantages over Rafale-M, says Boeing vice-president Torbjorn Sjogren

The Hindu

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Trump’s Air Force One deal pains the Pentagon, not just Boeing

The fixed-price contract for the new Air Force One that Donald Trump talked Boeing Co. into signing hasn’t just caused the $1.5 billion in cumulative losses so far that the company’s CEO has lamented. It has also created headaches for the Air Force.

Tribune News Service

Why Boeing Shares Are Falling Today

Boeing Co (NYSE: BA) shares are trading lower by 4.44% to $127.79.

Benzinga

Biden nixes Trump design for Air Force One over cost, delay

President Joe Biden’s administration has scrapped former President Donald Trump’s red, white and blue design for the new generation of presidential aircraft after an Air Force review suggested it would raise costs and delay the delivery of the new jets

The Independent UK

Biden ditches Trump’s Air Force One paint job deemed too dangerous to fly

‘Trump paint scheme is not being considered because it could drive additional engineering, time, and cost,’ Biden administration official says

The Independent UK

White House set to nominate next FAA administrator, former city transit exec Phil Washington

The White House is set within days to announce Phil Washington, CEO of Denver International Airport, as its nominee to be the next FAA administrator, according to two people familiar with the deliberations.

Tribune News Service

Griffin, Akasa Air tie up for aircraft sale, leaseback

Agreement for first five Boeing 737 MAX planes

The Hindu

The Man Who Broke Capitalism — did Jack Welch destroy corporate America?

In his sharp, provocative book, David Gelles argues that the GE boss’s brutal efficiency drive led to long-term decline

Financial Times

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Birmingham Post

Deal delays cause drop in sales at global security pass specialist Intercede, but outlook ‘positive’

Clients have included the US Department of Homeland Security, Boeing, Wells Fargo, Deutsche Telekom and Airbus

Benzinga

Southwest Picks Astronics To Provide Latest Generation Of In-Seat Power System

Astronics Corp (NASDAQ:ATRO) has secured a contract from Southwest Airlines Co (NYSE:LUV) to provide EMPOWER Passenger In-Seat Power System for installation on 475 Boeing Co (NYSE:BA) 737 MAX-7 and MAX-8 aircraft. Financial terms not disclosed. The award is part of Southwest's recently announced cabin upgrade initiative to enhance the customer experience. The system configuration selected by Southwest will provide 60W…

Benzinga

TriMas Aerospace Bags Boeing T-7A Defense Contract

TriMas Corp (NASDAQ:TRS) has secured multi-year contracts from Boeing Co (NYSE:BA). The financial terms were not disclosed. TriMas Aerospace's RSA Engineered Products (RSA) business was awarded several components used in fluid conveyance applications, more specifically within the air ducting system, by Boeing for its T-7A Red Hawk training jet program. "We are proud…

Tribune News Service

As Boeing pushes for exemption for Max 10, report to FAA critiques 737 crew-alerting system

An independent report commissioned by the Federal Aviation Administration may influence a crucial, looming decision about Boeing's not-yet-certified-to-fly 737 Max 10.

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Los Angeles Times

How 'Top Gun: Maverick' made those groundbreaking aerial scenes soar

Before filming "Top Gun: Maverick," with actors taking real G-forces in Boeing F/A-18 Super Hornet fighter jets sporting Imax-grade cameras, cinematographer Claudio Miranda pulled a Tom Cruise and climbed into the cockpit himself.

Benzinga

This Is What Whales Are Betting On Boeing

Someone with a lot of money to spend has taken a bearish stance on Boeing (NYSE:BA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Independent UK

US orders seizure of two of Roman Abramovich’s private planes

‘Our work has only just begun,’ says FBI

Inverse

Scientists invent an edible solution to fake alcohol

In this edition of HORIZONS, read about a silk tag that lets drinkers authenticate their whiskey (and medication), expanded NASA contracts for SpaceX, and more.

The Independent UK

U.S. seeks to seize 2 luxury jets linked to Russian oligarch

Federal authorities are moving to seize a $60 million Gulfstream and a $350 million aircraft believed to be one of the world's most expensive private airplanes after linking both aircraft to Russian oligarch Roman Abramovich

Axios

DOJ moves to seize jets owned by Russian oligarch Roman Abramovich

The move is yet another step by the U.S. to seize the assets of wealthy Russians with close ties to Vladimir Putin.

Bangkok Post

Boeing Supply Chain Snarls 737 MAX Production, Deliveries

Supply-chain snags led Boeing Co. to recently pause 737 MAX production for about 10 days, people familiar with the matter said, complicating the plane maker's ability to satisfy airlines' demand for new aircraft.

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