Boeing's defense and space business has been struggling to stay afloat, and the company has decided to make a change at the top. The head of the division, Theodore "Ted" Colbert III, has been removed from his position and replaced temporarily by Steve Parker, the chief operating officer. This move c
The ongoing machinist strike at Boeing is causing mounting costs and could lead to a downgrade in the company's credit rating if it drags on too long. The strike, which began on September 13, has already resulted in lost production and halted shipments from Boeing's suppliers. The company is facing
In a bold move to mitigate the financial impact of the ongoing strike by 33,000 members of the International Association of Machinists, Boeing has taken the decision to temporarily furlough executives and nonunion workers. This move, announced by CEO Kelly Ortberg, aims to reduce cash outflows and e
As the Boeing machinists union and the company continue to negotiate, the situation has taken a dramatic turn. The union has rejected the company's latest contract offer, and the company has responded by announcing temporary layoffs for its executives, managers, and employees. The move is aimed at p
Boeing, one of the world's largest aerospace companies, is facing a perfect storm of financial woes, layoffs, and contract disputes. The company has announced plans to freeze hiring, reduce travel, and consider temporary layoffs to save cash during a factory workers' strike that began last week. The
The ongoing strike by over 30,000 workers at Boeing has taken a toll on the company's finances. As a result, the planemaker's Chief Financial Officer (CFO), Brian West, has announced a slew of cash-conserving measures. In a memo to employees, West revealed that the company will be imposing a hiring
Boeing's recent decision to freeze hiring, reduce travel, and consider temporary layoffs is a stark reminder of the challenges the company faces. But is this a necessary evil or a sign of deeper problems? As the strike by machinists enters its second week, Boeing's CFO, Brian West, has outlined 10
The Boeing strike, which began on Friday, is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track. At the heart of the strike is a tale of power, punishment, and pay. Boeing's CEO, with a 45% pay bump to nearly $33 million, has
Imagine a world where sensors and computers can communicate with each other in a way that's faster and more precise than ever before. That's the promise of quantum networking, and Boeing is determined to make it a reality. In 2026, the company plans to launch a small satellite, dubbed Q4S, to test t
Imagine a world where a single company's business structure is so entrenched in bureaucracy that it mirrors the government's slow-moving nature. Sound far-fetched? According to SpaceX chief Elon Musk, this is the reality Boeing faces in its quest to revolutionize space travel. In a recent podcast, M
