PPA

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.