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Insider Today: Uncle Elon vs. Uncle Sam
  + stars: | 2024-11-17 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
He talked to Business Insider about facing the "vacuum of death" in just a spacesuit. On the agenda today:Related VideoBut first: The world's richest man takes on the world's biggest government budget. Walking the DOGEXAOC/Getty, The Washington Post/Getty, t_kimura/Getty, Tyler Le/BIElon Musk made his name and fortune disrupting antiquated industries. AdvertisementBI secured access to an internal Tesla pay database, revealing the company's high-risk, high-reward system. The pay structure is ultimately part of CEO Elon Musk's quest to hire the most "hardcore" employees.
Persons: Jared Isaacman, XAOC, Tyler Le, Elon Musk, he's, Musk, Tesla, Reagan, Clinton, Jordan Strauss, Rebecca Zisser, Elon, Robot, Anna Kim, Getty, Michael Ostuni, , Fiona Carter, Natalie Ammari, Sylvia Yeh, Goldman Sachs Organizations: Business, SpaceX, The Washington Post, Elon, of Government Efficiency, Twitter, Big Government, Big Tech, Tesla, Forward Press, Goldman, Corporate America
Read previewAnother Boeing whistleblower has come forward, saying that he witnessed 787 Dreamliner planes being built in a manner that could lead to a "catastrophe down the line." Richard Cuevas was a Strom airplane mechanic who used to work as a contractor for Boeing and Spirit AeroSystems. He said that in 2023, he witnessed substandard manufacturing of the 787 planes' forward pressure bulkheads, which help maintain air pressure. AdvertisementHowever, in March, a few months after he reported his findings to Boeing and Spirit AeroSystems, he was fired from his job, the complaint said. Cuevas' lawyers and representatives of Boeing and Spirit AeroSystems didn't immediately respond to a request for comment from Business Insider, made outside regular working hours.
Persons: , Richard Cuevas, Cuevas, AeroSystems, Sam Mohawk, Merle Meyers, John Barnett, Barnett, BI's Matthew Loh, AeroSystems didn't Organizations: Service, Boeing, Business, Federal Aviation Administration, Korean, Max, United Airlines Boeing, San Francisco International, Alaska Airlines Locations: Charleston, Taiwan
Boeing said it had previously investigated Cuevas’ allegations and they did not pose a safety problem. Cuevas said he filed a complaint with Boeing’s ethics hotline, reporting to management that he believed Spirit was hiding the issues from Boeing. He also alleges that Boeing opened an investigation into Cuevas’ concerns in October 2023, alerting Spirit management to the complaints. A separate report found “gaps” in Boeing’s safety culture, including a disconnect between management and employees, and fears among employees about retaliation for reporting safety concerns. Calhoun said Boeing is “far from perfect,” and he acknowledged that the company will not easily regain the public’s trust.
Persons: CNN —, ” Richard Cuevas, Spirit Aerosystems, Cuevas, , Aerosystems, Strom, ” Cuevas, “ we’ve, Spirit, Sam Salehpour, Dave Calhoun, Calhoun Organizations: CNN, Boeing, Federal Aviation Administration, FAA, US Department of Justice Locations: Everett, Washington
Bump stocks allow a shooter to convert a semi-automatic rifle into a weapon that can fire at a rate of hundreds of rounds a minute. The federal rule made possession of a bump stock a crime punishable by up to 10 years in prison. Both the Trump and Biden administrations, as well as gun control groups, said the way bump stocks work mean they qualify as machine guns. Trump described bump stocks at the time as converting “legal weapons into illegal machines.”ATF estimated that as many as 520,000 bump stocks were sold between 2010 and 2018. “Without this ongoing manual input, a semiautomatic rifle with a bump stock will not fire multiple shots.
Persons: Donald Trump, Clarence Thomas, Sonia Sotomayor, Trump, ” Thomas, Michael Cargill, Sotomayor, , ” Sotomayor, Sandy Hook, Capone, Al Capone, John Dillinger, Justice Brett Kavanaugh, ensnare, you’re, ” Kavanaugh, Biden, “ That’s, Thomas Organizations: CNN, Supreme, Trump, Biden, Alcohol, Tobacco, Firearms, Explosives, ATF, Democratic, Republican, Court, US, Justice Department, Cargill, National Rifle Association Locations: Las Vegas, Texas, New York
CNN —The Supreme Court’s conservatives pressed the Biden administration Wednesday to justify a federal ban on bump stocks, a device that can convert a semi-automatic rifle into a weapon that can fire far more rapidly. The ATF reclassified the devices as machine guns in 2018. “And through many administrations, the government took the position that these bump stocks are not machine guns.”The court’s liberals seemed more certain the devices fell within what Congress intended when it banned machine guns. “That’s exactly what bump stocks do, as the Las Vegas shooting, vividly illustrated.”Justice Samuel Alito asked the attorney representing the ban’s challenger, Michael Cargill, if he could imagine the reasons why a lawmaker might ban machine guns but not bump stocks. “Bump stocks can help people who have disabilities, who have problems with finger dexterity, people who have arthritis in their fingers.
Persons: Donald Trump’s, Brett Kavanaugh, ensnare, you’re, ” Kavanaugh, Biden, “ That’s, It’s, Barrett, Gorsuch, Amy Coney Barrett, ” Barrett, , Neil Gorsuch, ” Gorsuch, Elena Kagan, Kagan, ” Brian Fletcher, Fletcher, ” Fletcher, , Samuel Alito, Michael Cargill, Jonathan Mitchell, Sonia Sotomayor, ” Kagan, Alito Organizations: CNN, Biden, Trump, Alcohol, Tobacco, Firearms, Explosives, ATF, Las Locations: Vegas
Federal appeals courts have come to different decisions about whether the regulation defining a bump stock as a machine gun comports with federal law. The Trump administration’s ban on bump stocks was an about-face for the federal Bureau of Alcohol, Tobacco, Firearms and Explosives. The full U.S. 5th Circuit ruled 13-3 in January that Congress would have to change federal law to ban bump stocks. But a panel of three judges on the federal appeals court in Washington looked at the same language and came to a different conclusion. As such, it is a machine gun under the National Firearms Act and Gun Control Act.”A decision is expected by early summer in Garland v. Cargill, 22-976.
Persons: Biden, Trump, Obama, Jennifer Walker Elrod, Robert Wilkins Organizations: WASHINGTON, Supreme, Justice Department, U.S, Circuit, Trump, of Alcohol, Tobacco, Firearms, Explosives, Las, ATF, 5th Circuit, National Firearms Act, Control, U.S ., Appeals, District of Columbia Circuit, Cargill Locations: Las Vegas, New Orleans, Washington, Garland
The problem involves a fitting for the 787's horizontal stabilizer installed by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said in a statement it had validated Boeing's assessment that there was no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.
Persons: Gavin McIntyre, planemaker, Dreamliners, Jefferies, Sheila Kahyaoglu, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington, Jamie Freed Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington
Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said has validated the Boeing's assessment that there is no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. The company faced yet another 787 delivery stoppage in February after Boeing found a data analysis error regarding forward pressure bulkhead that was unrelated to the shimming problem. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.
Persons: Gavin McIntyre, Dreamliners, planemaker, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington
WASHINGTON, March 16 (Reuters) - Boeing (BA.N) confirmed on Thursday it delivered a 787 Dreamliner to German airline Lufthansa (LHAG.DE), its first since deliveries were halted in late February after it disclosed a data issue with a component. The Federal Aviation Administration confirmed last month that Boeing had paused deliveries due to the data analysis error related to the jet’s forward pressure bulkhead, which the company found after reviewing certification records. The FAA said Friday it was satisfied the issue has been resolved and approved Boeing to resume delivering 787s. Boeing is expected to deliver another 787 to American Airlines (AAL.O) shortly, sources said. Between the Saudi deal and separate orders from United Airlines and Air India, Boeing has received orders for almost 200 Dreamliners over the past four months.
March 10 (Reuters) - The Federal Aviation Administration on Friday approved Boeing to resume deliveries of its widebody 787 Dreamliner next week. The agency halted 787 deliveries on Feb. 23 due to a data analysis error related to the jet’s forward pressure bulkhead, which Boeing Co (BA.N) found after reviewing certification records. The FAA said Boeing had addressed those concerns. "The FAA may resume issuing airworthiness certificates next week," the agency said. "The FAA will determine when 787 ticketing and deliveries resume, and we are working with our customers on delivery timing," Boeing said.
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Boeing can resume deliveries of its 787 Dreamliners as early as next week, the Federal Aviation Administration said Friday, after a data-analysis issue halted deliveries of the wide-body jetliners. Boeing earlier Friday said it completed the work needed to resume deliveries of planes to airlines and other customers. "The FAA will determine when 787 ticketing and deliveries resume, and we are working with our customers on delivery timing." On Feb. 23, Boeing paused deliveries of the planes, after a data-analysis error was detected related to the aircraft's forward pressure bulkhead.
WASHINGTON, March 7 (Reuters) - A new supplier problem has stymied deliveries of Boeing's (BA.N) 767 freighter and KC-46 tanker, the company confirmed on Tuesday. On Monday, Leeham News reported a software problem had delayed some 737 MAX deliveries by up to a year. A Boeing spokesperson told Reuters the issue "does not affect the timing of Boeing airplane deliveries and has no impact to our delivery outlook." Boeing characterized the problem as a documentation issue that will not require rewriting software, and which mostly impacts aircraft that have already been delivered. Boeing has not changed its delivery target of 70 to 80 Dreamliners this year.
Boeing shares fall after new Dreamliner delivery halt
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +2 min
Feb 24 (Reuters) - Boeing Co (BA.N) shares fell 3.2% in premarket trading on Friday after the U.S. planemaker temporarily halted deliveries of its 787 Dreamliner jets over a documentation issue related to a fuselage component. Some analysts said the latest hiccup in 787 deliveries should not result in any design changes and jets in service should continue to fly. Seifman said the brokerage believes this should not result in additional rework and that Boeing can produce the required documentation fairly quickly. Since the resumption of deliveries, production of the 787 has experienced some disruptions as the planemaker battles supply and labor shortages. Earlier this month, Spirit said the process of retrofitting stored fuselages for the 787 jets was taking longer than expected.
New York CNN Business —Boeing has been forced to halt deliveries of the 787 Dreamliner once again, just months after it resumed deliveries to customers following a year-long halt. “We notified the FAA and have paused 787 deliveries while we complete the required analysis and documentation.”“Deliveries will not resume until the FAA is satisfied that the issue has been addressed,” said the agency. Boeing continued to build the 787 even while it was prevented from making deliveries in late 2021 and much of 2022. It was able to deliver much of that backlog once it was given clearance to resume deliveries, as it delivered 34 Dreamliners between August of last year and January of this year. Boeing plans to maintain assembly of the planes once again during this current delivery halt.
WASHINGTON, Feb 23 (Reuters) - Boeing Co (BA.N) has temporarily halted deliveries of its 787 Dreamliner jets as the U.S. planemaker conducts additional analysis on a fuselage component, the Federal Aviation Administration (FAA) said on Thursday. "The FAA is working with Boeing to determine any actions that might be required for recently delivered airplanes," the agency said. Boeing said in reviewing certification records it "discovered an analysis error by our supplier related to the 787 forward pressure bulkhead. We notified the FAA and have paused 787 deliveries while we complete the required analysis and documentation." Boeing had halted deliveries in 2021 after the FAA raised concerns about its proposed inspection method.
A “bump stock” replaces a rifle’s standard stock, which is the part held against the shoulder. The bump stock allows a weapon to fire at nearly the rate of a machine gun without technically converting it to a fully automatic firearm. How Fast Is a Rifle With a Bump Stock? Orlando nightclub 24 shots in 9 secondsIn contrast, a fully automatic weapon, like this pre-1986 Colt AR-15A2, sounds different. There are no variations in the firing rate like there was in the Las Vegas shooting.
Persons: Trump, Jill Snyder, , Donald J, Omar Mateen Organizations: National Rifle Association, The New York Times, Alcohol, Tobacco, Firearms, Explosives, Justice Department, Orlando Locations: Las, Vegas
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