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CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts for the first time. And, even this test flight doesn't feel like a given. Boeing is going to test the capsule's propulsion system before moving forward, so we'll see if the May 21 target holds. The coming Starliner crew flight test doesn't mean that race is back on.
Persons: Boeing's, CNBC's Michael Sheetz, It's, Starliner's Organizations: Alliance, International, CNBC's, Boeing, NASA, SpaceX Locations: Cape Canaveral , Florida, U.S
CNN —The world will have to wait at least another week before the highly anticipated first crewed mission of Boeing’s Starliner spacecraft. Starliner teams traced the leak to a flange on a single reaction control system thruster, where helium is used to allow the thrusters to fire. Both Boeing and NASA are developing tests and solutions for the leak, the release said. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. The valve has since been replaced, but the new issue with the helium leak on the Boeing spacecraft that sits atop the rocket is causing further delay.
Persons: Suni Williams, Butch Wilmore, Williams, Wilmore, NASA’s, Bill Nelson, , , SpaceX — Organizations: CNN, Boeing, NASA, NASA’s Kennedy Space Center, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V, Atlas V Locations: Houston, Florida, United States
CNN —The long-awaited first crewed mission of Boeing’s Starliner spacecraft will be delayed for more than a week after engineers identified an issue that halted launch preparations on Monday. Starliner’s next opportunity to lift off on its maiden voyage from NASA Kennedy Space Center in Florida is at 6:16 p.m. Veteran NASA astronauts Suni Williams and Butch Wilmore had already taken their seats aboard the Starliner capsule when the operations team called for a scrub Monday night about two hours before launch. NASA astronauts Butch Wilmore, right, and Suni Williams will remain in quarantine until the launch. Terry Renna/APWilliams and Wilmore have each ventured to space on two previous journeys aboard the NASA space shuttle and Russian Soyuz missions.
Persons: Starliner’s, Suni Williams, Butch Wilmore, Tory Bruno, Bruno, Williams, Wilmore, SpaceX’s, Terry Renna, Bill Nelson, , Butch, Suni, Nelson, , ” Williams Organizations: CNN, NASA Kennedy Space Center, Veteran NASA, United Launch Alliance, Atlas V, NASA, Cape Canaveral Space Force, Kennedy Space Center, Boeing, International Space Station, Russian Soyuz, Mercury, Gemini, Apollo Locations: Florida, Russian, United States
Tesla CEO Elon Musk suggested Boeing has "too many" non-technical managers. AdvertisementElon Musk is chiding Boeing on social media for employing "too many" non-technical managers amid a wave of ongoing layoffs at his own company, Tesla. Too many non-technical managers at Boeing. Advertisement"Too many non-technical managers at Boeing," Musk tweeted. Musk has opined about non-technical managers in the past, writing in a May 2020 tweet that he "strongly" believes "all managers in a technical area much be technically excellent."
Persons: Elon Musk, Boeing's Starliner, Tesla, , Elon, Musk, bTXWAfxfrh — Elon, Musk's Organizations: Boeing, Service, Tesla, Business, NASA, SpaceX, International Space
Suni Williams and Butch Wilmore are the NASA astronauts set for Boeing’s flight test of the Starliner spacecraft. She was a test pilot in the U.S. Navy and has more than 3,000 hours flying 30 different aircraft. Mr. Wilmore, a native of Tennessee, was also a Navy test pilot, and he flew combat missions over Iraq and Bosnia in the 1990s. After a glitch-filled test flight in December 2019 with no crew aboard, delays shuffled the astronaut assignments. Indeed, none of the astronauts that NASA named in 2018 to fly on the test flight are on the upcoming test flight.
Persons: Suni Williams, Butch Wilmore, Neil Armstrong, Buzz Aldrin, Michael Collins, Ms, Williams, Wilmore, Mr, Organizations: NASA, Boeing, U.S . Navy, Navy, Station Locations: Ohio, Massachusetts, Tennessee, Iraq, Bosnia
SpaceX beat Boeing to the punch, flying NASA astronauts to the space station four years ago for cheaper. NASA astronauts Suni Williams (left) and Butch Wilmore (right) conduct suited operations in a Boeing Starliner simulator. AdvertisementThe SpaceX Crew Dragon spaceship that accomplished the feat came from the same NASA initiative that's flying Starliner on Monday. NASA astronauts Bob Behnken (left) and Doug Hurley (right) were the first people to fly aboard a private spaceship, SpaceX's Crew Dragon. SpaceXWith each flight, SpaceX has earned money, while Boeing has been sinking more and more funds into Starliner.
Persons: Elon Musk, , Boeing's, Butch Wilmore, Suni Williams, Robert Markowitz, Bob Behnken, Doug Hurley, bTXWAfxfrh — Elon, Musk, Eric Berger, Cory Huston, Starliner's, Berger, George Nield, Nield, Scrappy SpaceX Organizations: Boeing, SpaceX, NASA, Service, Twitter, International Space Station, ISS, Atlas, Reuters, Department of Defense, Space Transportation Locations: Starliner
CNN —Two NASA astronauts have reached the final hours before a long-awaited launch attempt aboard Boeing’s Starliner capsule, marking the first crewed mission of the brand-new spacecraft. This mission, dubbed the Crew Flight Test, could be the final major milestone before NASA deems Boeing’s spacecraft ready for routine operations as part of the federal agency’s Commercial Crew Program. NASA astronauts Suni Williams (left) Butch Wilmore pose after they arrived at the Kennedy Space Center on April 25, in Cape Canaveral, Florida, ahead of the Boeing Starliner Crew Flight Test. The two will then return home aboard the same Starliner capsule, which is expected to parachute to a landing at one of several designated locations across the southwestern United States. SpaceX ultimately beat Boeing to the launchpad, carrying out its crewed flight test of the Crew Dragon capsule in May 2020.
Persons: SpaceX’s, Suni Williams, Butch Wilmore, Terry Renna, Bill Nelson, , Butch, Suni, Williams, Starliner, , Mark Nappi, ” Nappi Organizations: CNN, NASA, Cape Canaveral Space Force, International Space, Russian Soyuz, Kennedy Space Center, Boeing, Atlas, SpaceX, International Locations: Florida, United States, Russian, Cape Canaveral , Florida, Starliner
After years of delays, Boeing is finally set to launch two NASA astronauts to the International Space Station on its Starliner spacecraft. ET, atop an Atlas V rocket at Florida's Cape Canaveral Space Force Station. Astronauts Barry "Butch" Wilmore and Sunita Williams will pilot the Starliner on its inaugural crewed flight — a crucial final test before NASA can authorize Boeing to conduct routine flights to and from the space station for the agency. If successful, the flight will enable Boeing to challenge the dominance held by Elon Musk's SpaceX, which has been ferrying NASA astronauts to and from the orbiting outpost since 2020. At a preflight briefing last week, Wilmore said safety is paramount and that previous Starliner launch attempts — both uncrewed and crewed — were delayed because the capsule simply was not ready until now.
Persons: Astronauts Barry, Butch, Wilmore, Sunita Williams, Elon Musk's Organizations: National Aeronautics and Space Administration, NASA, United, Alliance, Boeing's, NASA's Boeing, Cape Canaveral Space Force, Boeing, International, Atlas, Canaveral Space Force, Astronauts, Elon, Elon Musk's SpaceX Locations: Florida
Boeing is about to fly NASA astronauts to the International Space Station for the first time. Still, the FAA, NASA, and other aerospace experts have questioned Boeing's overall safety culture. NASA astronauts Butch Wilmore and Suni Williams conduct suited operations in the Boeing Starliner simulator at NASA's Johnson Space Center. This Crew Flight Test mission is over a decade in the making. He added that those calculations are for a full 210-day mission, while Whilmore's and Williams's test flight lasts just one week.
Persons: , NASA's Butch Wilmore, Suni Williams, Butch Wilmore, Robert Markowitz They're, jetliner, AeroSystems, Bill Nelson, Kim Shiflett, George Nield, Bjorn Fehrm, Fehrm, KPIs, Doug Loverro, Baz Ratner, Bill Ingalls, Steve Stich, Nield, We've, Wilmore, Starliner, Whitmore, Williams Organizations: Boeing, NASA, International Space Station, FAA, Service, Defense, Boeing's, International Space, Space Center, ISS, Max, NTSB, AP, Alaska Airlines, United Airlines, Federal Aviation Administration, Department of Justice, Atlas, Cape Canaveral Space Force, Space Transportation, New York Times, Leeham, Business, Ethiopian, Ethiopian Airlines, Aerospace, Committee, White, Bill Ingalls NASA, US, Spaceflight Locations: Portland, Florida, It's, New Mexico
In one lunar region, Japan’s “Moon Sniper” mission has beaten the odds and survived three long, frigid lunar nights since its sideways landing on January 19. The Tianwen-2 mission will visit the space rock later this decade. But first, China has set its sights on returning to the moon’s “hidden side.”An illustration depicts the far side of the moon, with Earth behind it. Since the Chang’e 4 mission in 2019, China remains the only country to have landed on the moon’s far side, sometimes called the “dark side” of the moon. Scientists hope that returning samples from the far side could solve some of the biggest remaining lunar mysteries, including the moon’s true origin.
Persons: Graziano Ranocchia, Ranocchia, Plato, Emma Pomeroy, “ She’s, , Pomeroy, Armas Rakus, Suni Williams, Butch Wilmore, Kevin Bacon, Ashley Strickland, Katie Hunt Organizations: CNN, Engineers, Japan Aerospace Exploration Agency, NASA, Apollo, Platonic Academy of Athens, University of Pisa, Netflix, University of Cambridge, Norton Disney, Archaeology Group, Roman, International Space, CNN Space, Science Locations: China, Kurdistan, Gunung Leuser, South Aceh, Indonesia, Morocco
CNN —After years of delays and a dizzying array of setbacks during test flights, Boeing’s Starliner spacecraft is finally set to make its inaugural crewed launch. “This is history in the making,” NASA Administrator Bill Nelson said of the upcoming Starliner mission during a March 22 news conference. Missteps riddled a Starliner test flight the prior year, leaving NASA and Boeing officials scrambling to figure out what went wrong. SpaceX’s Crew Dragon has been flying routine trips ever since, carrying NASA astronauts and even paying customers and tourists. On May’s inaugural crewed flight, Boeing will instead use a “perfectly acceptable mitigation” that should prevent the valves from sticking, Nappi said in March.
Persons: CNN —, Suni Williams, Butch Wilmore, , Mark Nappi, , we’ve, Ken Bowersox, SpaceX’s, Bill Nelson, “ We’re, Boeing’s Starliner, Bob Behnken, Doug Hurley, Steve Stich, we’re, ” Nappi, Stich, Nappi, — Williams, Wilmore, , ” Wilmore, Williams Organizations: CNN, NASA, International, Boeing, SpaceX, International Space, Alaska Airlines Locations: Florida, , Starliner’s
The CNN Original Series “Space Shuttle Columbia: The Final Flight” uncovers the events that ultimately led to disaster. The tragedy killed seven astronauts as the Columbia shuttle disintegrated upon its return to Earth on February 1, 2003, due to damage the vehicle sustained during launch. Changes at NASA were necessary, according to a formal investigation about the Columbia disaster published six months after the accident. Cultural changes: ‘Safety days,’ review boards and round tablesColumbia marked the second deadly mishap for the shuttle program after the space shuttle Challenger exploded during launch in January 1986. Following the Columbia disaster, NASA grounded its remaining fleet of three shuttles as the space agency sought to parse what went wrong.
Persons: , , ” Wayne Hale, Rick D, Evelyn Husband, Bill Readdy, Bruce Weaver, Hale, ” Hale, Garrett Reisman, ” Reisman, Ilan Ramon, Reisman, , NASA didn’t, SpaceX’s, Kevin Dietsch Organizations: CNN, Shuttle Columbia, Sunday, Columbia, SpaceX, NASA, Space Shuttle Columbia, Kennedy Space Center, Getty, Endeavour, Atlantis, International Space, Elon, Boeing, Columbia —, Challenger, International Space Station, Vigilance, Locations: Russia, AFP, California, Israel, Columbia
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner program finally feels close to flying people in space for the first time. It was originally planned to launch this crew flight test in November 2018. On the eve of flying crew, Boeing's messaging is now closer to "NASA wants us as backup and we're not committing beyond that." The additionally unfortunate aspect of this situation is that none of these years of setbacks and cost overruns seem to have lit a fire under Boeing's space management.
Persons: CNBC's Michael Sheetz, Boeing's, we're, Starliner, it's, SpaceX's Dragon, Boeing's Starliner, Mark Nappi, Nappi Organizations: ISS, Boeing, SpaceX, NASA
CAPE CANAVERAL, Fla. (AP) — Four astronauts headed to the International Space Station on Sunday where they will oversee the arrivals of two new rocketships during their half-year stint. SpaceX’s Falcon rocket blasted off from Kennedy Space Center, carrying NASA’s Matthew Dominick, Michael Barratt and Jeanette Epps and Russia’s Alexander Grebenkin. “When are you getting here already?” space station commander Andreas Mogensen asked via X, formerly Twitter, after three days of delay due to high wind. Epps should have launched to the space station on a Russian rocket in 2018, but was replaced for reasons never publicly disclosed. Flight controllers are monitoring a growing cabin leak on Russia’s side of the space station.
Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Russia’s Alexander Grebenkin, , Andreas Mogensen, Epps, Billy Joel, Dominick, Barratt, ” Barratt, Joel Montalbano Organizations: International, Kennedy Space Center, SpaceX, NASA, Sierra, Ford Motor Co, CIA, Navy, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, U.S, Denmark, Japan, Russia, New York, Syracuse, N.Y, Russian
Now we're pushing $10 billion in awards, to build more than 400 satellites, with seven companies in the mix. York Space has been tapped to make more satellites than anyone but Northrop Grumman, to the tune of $1.3 billion. – The Wall Street Journal / Deere Hyperspectral satellite imagery company Pixxel opens Bengaluru facility, a 30,000-square-foot facility in India for satellite manufacturing. – KeyBancBoldly goingKurt Vogel named as NASA associate administrator for the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency. – NASAfor the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency.
Persons: Yasin Ozturk, CNBC's Michael Sheetz, – Northrop, Lockheed Martin, L3Harris, Northrop Grumman, you've, Momentus, John Plumb, , Artemis, – SpacePolicyOnline, Tom Mueller's, Redwire, KeyBanc, Kurt Vogel, Chiara Pedersoli, Marco Fuchs, – OHB, – OHB Frank Di Pentino Organizations: SpaceX, . Space Force, Cape Canaveral Space Force, Anadolu Agency, Getty, Space Force, Space Development Agency, – Northrop Grumman, Lockheed, York, Space, Lab, Sierra Space, CNBC, CNBC NASA, Boeing, NASA, NASA ESA, Science, Technology, Industry, ISS, – NASA SpaceX, Deere, Street, Deere Deere, KKR Locations: Cape, Florida, United States, U.S, Brazil, Bengaluru, India
Space company Astrobotic's lunar lander won't reach the moon after a fuel leak. Most space companies don't operate like SpaceX does, they said, which can lead to mistakes. The NASA-backed mission was meant to be the first time a private company's spacecraft landed on the moon. This is far from the first time a private space company has experienced an anomaly . Two former SpaceX engineers told Business Insider that space companies that invest heavily in testing and robust software processes tend to be successful and learn from their failures .
Persons: , Peregrine, Karthik Gollapudi, Jason Hunter, Hunter, Gollapudi, Astrobotic's Peregrine, NASA's Organizations: SpaceX, Service, NASA, Companies
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing Defense CEO: We're in progress getting astronauts onboard StarlinerCNBCs Morgan Brennan sat down with Boeing Defense CEO Ted Colbert to discuss opportunities in the aerospace defense industry, government partnerships and much more.
Persons: CNBCs Morgan Brennan, Ted Colbert Organizations: Boeing Defense
A Boeing E-4B "Doomsday Plane" military aircraft takes off at Joint Base Andrews, in Maryland, U.S., May 11, 2022. The Air Force, which plans to award a SAOC contract in 2024, declined to comment on whether other firms had submitted bids. "We cannot discuss an active source selection and detailed program information is classified," an Air Force spokesperson said. "Rest assured, we haven't signed any fixed-price development contracts nor (do we) intend to," Brian West, Boeing's chief financial officer, said in October. The Air Force currently operates four E-4B aircraft with at least one on alert at all times.
Persons: Tom Brenner, haven't, Brian West, Valerie Insinna, Mike Stone, Marguerita Choy Organizations: Boeing, Joint Base Andrews, REUTERS, Rights, U.S . Air Force, Sierra Nevada Corp, Survivable Airborne Operations Center, The Air Force, Air Force, U.S, Pentagon, Thomson Locations: Maryland, U.S, Washington
The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.
Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, , Seth Seifman, JP Morgan, , NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine
Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.
Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, , REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles
The crew is riding aboard the SpaceX Crew Dragon Endurance capsule on the mission, dubbed Crew-7. “Space travel is difficult, but you make it look easy,” Moghbeli dispatched to SpaceX mission control from the Crew Dragon capsule after launch. The Crew-7 astronauts will spend about five days taking over operations from the SpaceX Crew-6 astronauts, who have been on the space station since March. The Crew-7 astronauts represent the most internationally diverse SpaceX crew to date. After reaching the space station, the Crew-7 astronauts will bid farewell to the SpaceX Crew-6 astronauts, who will return home aboard their spacecraft, the Crew Dragon Endeavour, in the coming days.
Persons: NASA’s, NASA’s Jasmin Moghbeli, Andreas Mogensen, Satoshi Furukawa, Konstantin Borisov, Roscosmos, ” Moghbeli, We’re, , Furukawa, Borisov, , , Moghbeli, Baldwin, I’ve, Russia’s, I’m, Boeing’s, ” Mogensen, ” Furukawa, Loral O’Hara, Oleg Kononenko, Nikolai Organizations: CNN —, SpaceX, NASA’s Kennedy Space Center, European Space Agency, Japan Aerospace Exploration Agency, JAXA, NASA, ESA, Massachusetts Institute of Technology, Naval Postgraduate School, Marine Corps, Soyuz, Copenhagen International School, Imperial College London, University of Texas, Surrey Space Centre, University of Tokyo, Russian Soyuz Locations: Florida, Danish, Russian, Bad Nauheim, Germany, Frankfurt —, New York, Long, Monterey , California, United States, Russia, Ukraine, Copenhagen, United Kingdom, Austin, Surrey, Kanagawa, Japan, Tokyo
Boeing's Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. Boeing said Monday it aims to be ready to fly NASA astronauts with its Starliner capsule for the first time by March, resetting its timeline after the company delayed a planned launch this summer. "Based on the current plans, we're anticipating that we're going to be ready with the spacecraft in early March," Boeing VP and Starliner manager Mark Nappi said during a press conference. The company continues to work toward Starliner's crew flight test, which is planned to carry NASA astronauts to the ISS in a final demonstration before beginning regular spaceflights. NASA's Commercial Crew manager Steve Stich said that Starliner is 98% complete in terms of progress toward the agency certifying the spacecraft to carry its astronauts.
Persons: Mark Nappi, Nappi, We're, Boeing's Nappi, Steve Stich, Starliner, Stich, It's Organizations: International, Station, Boeing, NASA Locations: ULA
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. As Wall Street works its way through second-quarter earnings reports, investors are getting a closer look at first-half performance from the space sector — and setting expectations for the second half of the year. Wall Street continues to be jazzed about the opportunity in the direct-to-device satellite market, but Iridium cautioned that it will take time for the nascent vertical to mature. Most of the other space stocks will report results over the first two weeks of August (aside from Planet , which follows a fiscal year calendar, and Mynaric , Satellogic , Intuitive Machines and Sidus Space ). As a guide for the upcoming Q2 space results, I'm roughly separating companies into two groups: No surprises wanted, and good surprises needed.
Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman Organizations: Boeing, Northrop, Iridium, Barclays, Fed
Shares of the company rose 7% to hit a 1-1/2 year high after Boeing also posted second-quarter results above Wall Street expectations. The planemaker is now transitioning its 737 production line - including the MAX models that make up the vast majority of 737 production - to building 38 jets per month, up from 31, the company said. Calhoun later added the company is already in "prep mode" to raise monthly 737 production to 42, but wouldn't specify whether Boeing would do so in 2023, as Boeing Commercial Airplanes head Stan Deal said told Bloomberg TV in June. 'ENCOURAGING' RESULTS AMID CHALLENGESA photo of Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Boeing expects to deliver most of the 228 MAXs in its inventory by the end of 2024, making it critical that Boeing step up production.
Persons: there'll, Dave Calhoun, Calhoun, Stan Deal, Brian West, Lindsey Wasson, Peter McNally, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva, Nick Zieminski Organizations: Boeing, Boeing Commercial Airplanes, Bloomberg TV, Boeing Factory, REUTERS, Commercial Aerospace, Thomson Locations: Renton , Washington , U.S, West
Shares of the company jumped 4% before the bell after the company also posted second-quarter results that beat Wall Street expectations. The push to build 38 MAXs a month comes amid heightened travel demand, as airlines seek to grow their fleets post-pandemic. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrow-body production to 38 a month "very soon." Although Boeing set a deadline to ramp 737 production by the end of the year, executives signaled to its supply chain that the boost to 38 a month would begin in June. Those plans faltered in April when a supplier defect involving the improper installation of a 737 bracket was discovered, though Boeing maintained it would still ramp to 38 jets by year-end.
Persons: Dave Calhoun, Stan Deal, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva Organizations: Boeing, Boeing Commercial Airplanes, Paris Air Show, Air India, Airbus, Thomson
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