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A five-decade run that transformed commercial aviation comes to a close this week with the expected final delivery of the Boeing Co.’s 747. The final aircraft will be handed over to Atlas Air on Tuesday, capping the 747s production history with a final cargo model. The freighter variant kept the iconic “Queen of the Skies,” coming off Boeing’s (NYSE: BA) production line even after it fell out of favor for passenger service, as airlines began opting for newer, more fuel-efficient aircraft.
Boeing will also reactivate a third 737 production line in Renton, the company told employees Monday.
Boeing Co told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added.
The Boeing Co. has been awarded $2.3 billion from the U.S. Air Force for another 15 KC-46 tankers. The award marks the program’s ninth production lot and puts Boeing (NYSE: BA) on contract for 128 Pegasus refueling aircraft with the service. The company said in a press release that 68 have been delivered to date to the Air Force.
SEATTLE/WASHINGTON (Reuters) -Boeing Co told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added.
Track the latest news and stocks to watch in the defense and aerospace industry, including Boeing, Lockheed Martin and Northrop Grumman.
SEATTLE/PARIS (Reuters) -Boeing's 747, the original and arguably most aesthetic "Jumbo Jet", revolutionized air travel only to see its more than five-decade reign as "Queen of the Skies" ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving freighter version on Tuesday, 53 years after the 747's instantly recognizable humped silhouette grabbed global attention as a Pan Am passenger jet. "On the ground it's stately, it's imposing...
Here’s what leaders from Nasdaq, Microsoft, Tesla and elsewhere said about the economy, inflation and other topics this week.
Boeing is consolidating bullishly disappointing earnings. The Dow Jones giant is one of five stocks to watch near buy points.
Boeing has set "ambitious" goals for 737 and 787 lines this year, despite ongoing supplier constraints.