Boeing to Take $4.9B Charge for MAX Grounding
The charge will result in Boeing's largest-ever quarterly loss and "underlines the magnitude of the crisis" it is facing.
U.S. Factory Orders Continue Growth
Activity could begin to slow as the labor market tightens and the China-U.S. trade war starts to affect supply chains.
F-35 Sales Boost Lockheed to Earnings Beat
The aeronautics division, Lockheed's largest, delivered an 11.8% sales gain in Q4 as production volume for the F-35 supersonic warplanes increased.
American Airlines Profit Falls on Higher Costs
Labor and fuel expenses weighed on the Q4 bottom line but American posted a 5.5% gain in revenue per available seat mile.
U.S. Hikes Tariffs on Bombardier Jets to 300%
The Commerce Department's decision in an antidumping case brought by Boeing "underscored the defensive trade policy" of President Donald Trump.
Durable Goods Orders Climb 1.7% in August
The better-than-expected increase, combined with another gain in core capital goods orders, indicate manufacturing's recovery is picking up steam.
UTC to Buy Rockwell in $30B Aerospace Merger
Like other aerospace suppliers, United Technologies is seeking to cut costs and enhance negotiating power in the face of pricing pressure from customers.
Cost-Cutting Pays off for Boeing in 4th Quarter
The company ended a tough 2016 on a high note as its focus on lowering costs delivered profits that topped analysts' estimates.
Rockwell to Acquire B/E Aerospace for $6.4B
"It’s really the transition to the digital airplane that's creating the perfect timing to bring these two entities together," Rockwell says.