What's Going On With Boeing Shares On Thursday?

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge. The air carrier will pay a maximum fine of $487.2 million and pay at least $243.6 million to the Justice Department. The company will invest $455 million over three years to enhance safety and compliance programs.

Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook

Honeywell International Inc. Reported second-quarter results and lowered FY24 EPS guidance. The company's revenue grew 5% Y/Y to $9.58 billion, beating the consensus estimate of $8.9 billion. The sales increase was attributed to double-digit organic growth in defense and space, commercial aviation and building solutions.

Biden To Address Nation On Decision To Exit 2024 Presidential Race, Outline Goals For Remaining Six Months

President Joe Biden is set to address the nation on Wednesday night to discuss his decision to leave the presidential race. He is expected to outline his priorities for his final six months in office. Biden is also expected to discuss securing a hostage deal in the Middle East to release those held by Hamas.

Boeing Resumes 737 MAX Deliveries To China After Regulatory Delay: Report

Boeing has reportedly resumed deliveries of its 737 MAX aircraft to China. The deliveries had been stalled for weeks due to a Chinese regulatory review of the batteries powering the cockpit voice recorder. Boeing's new plane deliveries to China have faced delays since 2019 after two fatal crashes.

Why Is Boeing Stock Seeing Blue Skies Today?

Boeing announced it has won contracts from major airline operators. The company disclosed an order for 20 additional 777-9 planes from Qatar Airways. Boeing forecasts a 3% increase in airplane deliveries over the next 20 years. Boeing stock has lost around 14% in the last 12 months.

Weekly Report: what happened at PPA last week (0715-0719)?

Honeywell Gears Up United Airlines' New 737 MAX with Cutting-Edge Avionics: Details

United Airlines Holdings, Inc. Chose Honeywell to supply avionics for its upcoming 737 MAX aircraft over the next decade. This includes the industry's only 3D weather radar, new 25-hour flight data recorders and advanced traffic avoidance systems. Honeywell stock has gained more than 2% in the last 12 months.

Boeing's Commercial Market Outlook Predicts Soaring Demand: 44,000 New Airplanes Needed By 2043

The Boeing Company forecasts a 3% increase in airplane deliveries over the next 20 years. The global commercial fleet is expected to grow at an annual rate of 3.2%. Emerging markets and single-aisle market demand will be the main growth drivers for the industry. South Asia's passenger traffic will grow by 7.4% by 2043.

Boeing Workers Vote For Strike Mandate

Washington state factory workers vote overwhelmingly in favor of a strike mandate for Boeing. The workers are demanding a 40% raise during their first full negotiation with Boeing in 16 years. The company's contract with the workers expires on September 12. Boeing's labor negotiations are unfolding as the company struggles with losing market share to Airbus.

Boeing's 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers

Midair incident in January involving a door panel blowing off a Boeing 737 MAX 9 jet has had a domino effect on the aviation industry. The incident has led to a slowdown in Boeing's MAX deliveries. The slowdown has hurt earnings for airlines like Southwest Airlines Co and suppliers.

Boeing Delivers Critical Core Stage for NASA's Lunar Mission: Details

The Boeing Company has delivered the second core stage of the Space Launch System rocket to NASA. The rocket stage will send the Artemis II crew into lunar orbit for the first time in 50 years. Boeing stock has lost more than 12% in the last 12 months. This week, Boeing began certification flight testing for its 777-9 aircraft.

Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report

A U.S. Judge has set a rapid schedule to address objections from the victims' families of two fatal 737 MAX crashes. Boeing has agreed to plead guilty to criminal fraud conspiracy and pay a $243.6 million fine. The Justice Department accused Boeing of making false representations about software for the 737 MAX.

Analysts Forecast 11% Gains Ahead For PPA

Weekly Report: what happened at PPA last week (0708-0712)?

Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report

Boeing has commenced certification flight testing for its much-delayed 777-9 aircraft. The plane maker says the initial flight occurred on Friday, July 12th. The aircraft is a crucial component of the 777X project. The project has experienced numerous delays since its launch in 2013.

PPA: Boeing's Cash Problem And Lockheed's F-35 Delays (Rating Downgrade)

Biden: European allies will curb China investment if Beijing continues to help Russia

Biden: European allies will curb China investment if Beijing continues to help Russia. U.S. President Joe Biden said China is a "decisive enabler" of Russia's war against Ukraine. Biden spoke at the conclusion of NATO's summit in Washington. China said NATO's claim that China is responsible for the Ukraine crisis is "ill-motivated"

ITA: NATO's Boost In Military Spending Benefits USA's Arms Exports

Lockheed Prepares For Takeoff, Pentagon Plans To Restart F-35 Deliveries: Report

The Pentagon will resume accepting new F-35s next week, report says. Lockheed Martin Corporation shares are trading higher today. The government halted acceptance of new fighter jets in July last year due to issues with the software. LMT recently won a contract to produce the F-16 Viper Shield electronic warfare suite.

Raytheon Awarded $1.2B Patriot Contract For Germany As Ukraine Asks For Support

Raytheon awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. The company did not specify the number of missiles that are included in the contract. The deal is said to provide the most current Patriot Configuration 3+ radars and launchers.