Boeing completes $4.7 billion reacquisition of Spirit AeroSystems
EVERETT—The Boeing Company announced on Monday, December 8, it had completed its $4.7 billion reacquisition of Spirit AeroSystems after selling it off in 2005 to investment firm Onex for $900 million in cash plus the assumption of $300 million in debt. “This is a pivotal moment in Boeing’s history and future success as we begin […]
Boeing secures FAA approval to increase 737 MAX production to 42 per month
EVERETT—Boeing on Friday, October 17, received approval from the Federal Aviation Administration (FAA) to increase production of its 737 MAX jetliners to 42 aircraft per month, marking a significant step for the aerospace juggernaut following a production cap imposed by regulators following the Alaska Airlines Flight 1282 incident on January 5, 2024. “I am encouraged to hear […]
FAA reinstates Boeing’s limited authority to issue airworthiness certificates, paving the way for potential 737 MAX production increase
EVERETT—After six years, the Federal Aviation Administration (FAA) has reinstated Boeing’s ability to issue airworthiness certificates for select 737 MAX and 787 airplanes on a limited basis, marking a significant step toward restoring trust in the aerospace giant’s production processes. The reinstatement takes effect starting Monday, September 29. The FAA’s decision, driven by rigorous safety […]
Boeing Q2 2025 Earnings Signal Turnaround with Surging Revenue and Shrinking Losses
EVERETT—Amid aircraft quality issues and a lengthy labor strike in 2024, Boeing delivered a mixed yet encouraging second-quarter earnings performance in 2025, posting revenue of $22.7 billion—a robust 35% jump from the prior year—while narrowing its GAAP loss per share to $0.92 from $2.33. The company’s massive backlog swelled to $619 billion, encompassing more than 5,900 commercial airplanes, […]
Saudi Arabian commercial aircraft lessor places order for up to 30 new Boeing 737 Max jets
RIYADH, SAUDI ARABIA—AviLease, a global aircraft lessor headquartered in Riyadh, Saudi Arabia, today announced that it has signed an agreement with Boeing for an order of 30 Boeing 737-8 aircraft—20 737-8 jets and options for 10 more. Deliveries are scheduled through 2032. The announcement came as Boeing CEO Kelly Ortberg is accompanying President Donald J Trump […]
Boeing Q1 Results: ‘737 production gradually’
ARLINGTON, Va.—The Boeing Company recorded first quarter revenue of $19.5 billion, GAAP loss per share of ($0.16) and core loss per share (non-GAAP) of ($0.49) (Table 1). The company reported operating cash flow of ($1.6) billion and free cash flow of ($2.3) billion (non-GAAP). Results primarily reflect improved operational performance and commercial delivery volume. Results also reflect only […]
Employment Security receives $2 million federal grant to help laid off Boeing workers
OLYMPIA—The Employment Security Department was awarded a $2 million grant from the U.S. Department of Labor to help more than 2,000 Boeing workers living in Washington who were affected by the company’s recent layoffs. Workforce Snohomish, Future Workforce Alliance of Snohomish County and the Workforce Development Council of Seattle-King County, in partnership with Employment Security, […]
Boeing reports $11.8 billion annual loss in latest quarterly results
ARLINGTON, VA—The Boeing Company delivered its fourth quarter results on Tuesday, January 28, clocking a 31% decrease in revenue from 2023 which it says was driven by the IAM strike and other factors. Net earnings for the quarter were a loss of $3.9 billion for an annual earnings loss of $11.8 billion. Annual revenues for […]
Boeing Reports Preliminary Fourth Quarter Results
ARLINGTON— The Boeing Company announced on Thursday, January 23, it will recognize impacts to its financial results related to the IAM work stoppage and agreement, charges for certain Defense, Space & Security programs and costs associated with workforce reductions announced last year when it reports fourth quarter results on January 28. The company expects to […]
Boeing announces over 4,000 layoffs across the country
ARLINGTON, Va.—According to Worker Adjustment and Retraining Notification Act (WARN) announcements throughout the country, compiled by the Lynnwood Times, The Boeing Company as of December 9, has announced 4,272 layoffs in 10 states with Washington, by far, having the largest job cuts. The first WARN notifications appeared in Washington, Oregon, and South Carolina on November […]
