Boeing has lost more than $2 billion producing the Next Air Force One after President Donald Trump renegotiated the deal in his first term.
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
Boeing (BA) is set to report Q4 earnings on Tuesday. Q4 pre-announced print looks rough but stock has bullish signals, analysts see 20% upside.
Shares of Boeing ( BA 2.00%) are moving higher Tuesday. The company's stock gained 4.1% as of 1:20 p.m. ET, but was up as much as 7.6% earlier in the day. The move upward comes as the S&P 500 and Nasdaq Composite gained 0.8% and 1.8%, respectively.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
And now that the dust has settled at aerospace stock Boeing (BA), it is now time to look to the future, and see if Boeing can pull off anything
Boeing hopes by year-end to be producing seven 787s monthly, up from five monthly, though the company continues dealing with shortages of critical parts and with challenges related to certifying seats.
Airlines and airplane makers face broad supply chain delays for parts. Boeing remains one of the biggest drags for the sector. The beleaguered airplane maker continues to face pro
Wall Street's main stock indexes were set to open lower on Friday, with investors staying cautious ahead of economic data, while p
In Q4, domestic broadband customers fell by 139,000 to 31.8 billion. The company lost 311,000 domestic video customers, which brought the total down to 12.1 million subscribers during the quarter, reflecting the diminishing landscape for cable TV.
Wall Street's major indices showed uncertainty as investors analyzed new economic data. Boeing's shares dipped due to expected losses, while Verizon gained with subscriber growth. Concerns about potential tariffs further affected market sentiment as President Trump highlighted trade policies,