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State-owned Motor Sich is Ukraine's main manufacturer of aircraft and helicopter engines, including for some of the world's largest cargo planes. Many legacy Ukrainian defense companies will trigger "red flags" during the lengthy due diligence and compliance reviews conducted by Western defense companies, said one U.S. defense executive. A Motor Sich representative stopped by ITA's booth and spoke briefly about their company's capabilities, the spokesperson said. ROOTING OUT CORRUPTIONZelenskiy has made rebuilding Ukraine's defense and aerospace sector a top priority, which includes deeper investment in drone technology. While the talks in Washington later this week and last month's Dubai air-show contacts are potentially promising, the political realities that Western defense officials are grappling with could hinder any progress.
Persons: Gleb Garanich, Olexiy Nikiforov, Lockheed Martin, Pavlo Verkhniatsky, Volodymyr Zelenskiy, Korzh, Trump, Nikiforov, RTX, Northrop, Valerie Insinna, Joanna Plucinska, Tim Hepher, Jo Mason, Jane Merriman Organizations: Motor Sich, REUTERS, State, Sich, Reuters, Lockheed, White, U.S, Western, U.S . Department of Commerce, Dubai Air Show, Commerce Department's International Trade Administration, Boeing, Northrop Grumman, Republicans, Ukraine –, Thomson Locations: Ukrainian, Kyiv, Ukraine, WASHINGTON, Russia, China, Washington, U.S, Moscow, Zaporizhzhia, Dubai, Gaza, London
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
A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsNov 29 (Reuters) - Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing Co’s (BA.N) P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters. An announcement would end months of speculation and follow a challenge from Canadian private planemaker Bombardier (BBDb.TO) which called for an open competition so it could submit a bid using its large-cabin Global business jets. A draft agreement between the governments of Canada and the United States for the sale of the Poseidon aircraft and associated training and equipment is set to expire on Thursday. Boeing declined comment on Wednesday.
Persons: Sao Jose dos Campos, Gabriel Araujo, Steve Scherer, Valerie Insinna, Allison Lampert, Chris Reese, Sonali Paul Organizations: Boeing, REUTERS, Reuters, Bombardier, CP, Aurora, Poseidon, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Canada, United States, Ottawa, Washington, Montreal
Nov 27 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) is leaning towards placing an order for around six Airbus (AIR.PA) A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. Airbus and Boeing had no immediate comment. Industry sources have said the competition pointed to an initial purchase of around half a dozen aircraft, worth some $2 billion at list prices before traditional airline discounts. Cathay Pacific told analysts in August it was looking at freighters and "continuing to study various opportunities". On Friday, it told analysts cargo demand had softened but was "still much higher than pre-pandemic times".
Persons: Tim Hepher, Valerie Insinna, Lincoln Organizations: Cathay Pacific Airways Ltd, Airbus, Hong Kong, Cathay, Boeing, Qatar Airways, Emirates, FedEx, UPS, International Air Transport Association . Industry, Cathay Pacific, Thomson Locations: HK, Hong, Cathay Pacific
WASHINGTON, Nov 22 (Reuters) - The Federal Aviation Administration has cleared Boeing (BA.N) to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet aimed at seizing the top of the narrowbody market. The FAA granted type inspection authorization for the 737 MAX 10 earlier this week, a milestone that allows FAA pilots to participate in flight testing needed to certify the plane for normal operations, three Boeing executives wrote in a letter to employees. The 737 MAX 10 is Boeing's answer to the A321neo made by European rival Airbus (AIR.PA), which has dominated the lucrative top of the single-aisle market in battles against Boeing's MAX 9. The MAX 10 has so far logged more than 400 flights and almost 1,000 flight hours during Boeing's test program. Boeing's MAX 7 - the smallest entrant of the 737 MAX family - is still awaiting FAA certification, expected by the end of 2023.
Persons: Mike Fleming, Boeing's, Ed Clark, Wayne Tygert, Valerie Insinna, Chizu Organizations: Federal Aviation Administration, Boeing, FAA, Airbus, Boeing's, Thomson
A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - Marc Allen will step down as Boeing's (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm. In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward. Boeing will shrink its strategy and corporate development organization and instead have "strategy teams directly joining the business units they support," Calhoun said. Chief Financial Officer Brian West and Mike D’Ambrose, the company's top human resources official, will create a realignment plan for the strategy unit over the next month, Calhoun said.
Persons: Sao Jose dos Campos, Gabriel Araujo, Marc Allen, planemaker, David Calhoun, Calhoun, Brian West, Mike D’Ambrose, Allen, Valerie Insinna, Tim Hepher, Chris Reese, Bill Berkrot Organizations: Boeing, REUTERS, Rights, Embraer, EMBR3, Airbus, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, U.S, China
Xi received a standing ovation as he entered the room, and two more before and after he took the stage to speak. "Whatever stage of development it may reach, China will never pursue hegemony or expansion, and will never impose its will on others. China does not seek spheres of influence, and will not fight a cold war or a hot war with anyone," Xi said. China and the U.S. reached an agreement to curb fentanyl production in earlier talks between Xi and Biden. Analysts have said Xi's speech alone is unlikely to dramatically alter U.S. business sentiment about China.
Persons: Xi Jinping, Carlos Barria, Xi, Joe Biden, Biden, Tim Cook, Laurence Fink, Broadcom's, Hock Tan, Ray Dalio, Albert Bourla, Gina Raimondo, Mike Gallagher, Gallagher, Gary Dvorchak, Dvorchak, Michael Martina, Valerie Insinna, Stephen Nellis, Lisa Baertlein, Niket, Ethan Wang, Liz Lee, Stephen Coates Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, REUTERS, Apple, BlackRock, Pfizer, SAN FRANCISCO, U.S, Beijing, Congress, Bridgewater Associates, Commerce, U.S . House, Representatives, Muslim, U.S ., Communist Party, Thomson Locations: Asia, San Francisco , California, U.S, China, United States, San Francisco, Beijing, Washington, China . U.S, Iowa
MONTREAL, Nov 15 (Reuters) - Airfare to popular international leisure destinations should cost less this winter and next summer than a year ago as carriers add capacity, the CEO of Canada's WestJet Airlines told Reuters on Wednesday. I think this winter we'll have a better supply-to-demand balance, which will give more affordability to Canadians," von Hoensbroech added. WestJet expects to fly almost half of the seats to sun destinations after acquiring leisure carrier Sunwing this year. "We see strong bookings, slightly softer than what we saw last winter," von Hoensbroech added. "I would expect next summer there would be a different demand-to-supply equation on transatlantic," von Hoensbroech said.
Persons: Canada's, Alexis von Hoensbroech, von Hoensbroech, WestJet, Von Hoensbroech, Allison Lampert, Valerie Insinna, Will Dunham Organizations: MONTREAL, WestJet Airlines, Reuters, Onex, Air Transport Association of Canada, Air Canada, Boeing, U.S . Federal Aviation Administration, Thomson Locations: Europe, Asia Pacific, Montreal, Washington
[1/2] An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. Delivery numbers are typically largest in the final months of the year as planemakers race to meet annual goals. Boeing slowed 737 deliveries in August after the discovery of a supplier defect involving misdrilled holes on some aircrafts' aft pressure bulkhead. Boeing booked 123 gross orders last month, bolstered by a deal with Southwest Airlines (LUV.N) for 111 MAXs. Boeing's gross orders since the start of January rose to 971, or 841 net orders after factoring in cancellations and conversions and 1,066 net orders after accounting adjustments.
Persons: Lindsey Wasson, Dave Calhoun, Argentinas, Valerie Insinna, Stephen Coates Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, Rights, planemaker, Airbus, U.S . Navy, Southwest Airlines, Thomson Locations: Seattle , Washington, U.S
[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.
Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine
A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsCompanies Boeing Co FollowLONDON, Nov 10 (Reuters) - Internal data from Boeing (BA.N), one of the world's largest defence and space contractors, was published online on Friday by Lockbit, a cybercrime gang which extorts its victims by stealing and releasing data unless a ransom is paid. According to a post on Lockbit's website, the data from Boeing was published in the early hours of Friday morning. “We are aware that, in connection with this incident, a criminal ransomware actor has released information it alleges to have taken from our systems," Boeing said. The company said it "remains confident" the event does not pose a threat to aircraft or flight safety, but declined to comment on whether defense or other sensitive data had been obtained by Lockbit.
Persons: Benoit Tessier, Lockbit, Lockbit ransomware, James Pearson, Tim Hepher, Valerie Insinna, Kirsten Donovan, David Evans, Emelia Organizations: Boeing, Paris, REUTERS, Rights, Reuters, Lockbit, Cybersecurity, Infrastructure Security Agency, Industrial, Commercial Bank of China's, U.S . Treasury, Thomson Locations: Le Bourget, Paris, France, United States, India, Brazil, U.S, Washington
A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015. "We're getting closer and closer," Watterson said of the certification work. However, delays in certification have forced Southwest to convert dozens of orders for 150-seater MAX 7 aircraft into the larger 175-seater MAX 8 variant. Both the MAX 7 and the largest model MAX 10 are waiting for the FAA's certification, with MAX 10 slated for its first delivery in 2024. "The fact that the number of open items is converging, not diverging like it was probably a year ago, shows that they're getting closer and closer," Watterson said.
Persons: Matt Mills McKnight, Andrew Watterson, Watterson, We're, Dave Calhoun, they're, Rajesh Kumar Singh, David Shepardson, Valerie Insinna, Diane Craft Organizations: Boeing, REUTERS, Rights, Southwest Airlines, U.S . Federal Aviation Administration, Reuters, FAA, Federal Aviation Administration, Airbus, Thomson Locations: Renton , Washington, Dallas, Southwest, Washington
However, the Air Force has kept other price information classified, "which makes validating the proposed cost difficult," the Congressional Research Service said in a 2021 report. The Air Force plans to buy at least 100 of the planes and begin to replace B-1 and B-2 bombers. Ann Stefanek, an Air Force spokesperson said, "The B-21 Raider is in flight testing. Flight testing is a critical step in the test campaign managed by the Air Force Test Center and 412th Test Wings B-21 Combined Test Force." In early 2022, the Air Force further delayed it until 2023.
Persons: David Swanson, Ann Stefanek, Lockheed Martin, Northrop, Mike Stone, Valerie Insinna, Franklin Paul Organizations: United States Air, Northrop, Air Force, REUTERS, U.S, Air Force's, Northrop Grumman, Congressional Research Service, Pentagon, Air Force Test Center, Force, Boeing, Lockheed, Pratt, Whitney, Collins Aerospace, GKN Aerospace, BAE Systems, Franklin Paul Our, Thomson Locations: Palmdale , California, U.S, Washington
Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months. Airbus CEO Guillaume Faury stuck to his guns, however. Airbus is producing A320-family jets in the low-50s per month instead of a planned level closer to 58, they said. On the loss-making A220, Airbus reiterated plans to raise output to 14 a month. "We are working very closely with them in the spirit of supporting them, but we also expect from Spirit to well support Airbus.
Persons: Steven Udvar, Guillaume Faury, Faury, Pratt, Safran, Whitney, Chris Calio, Spirit, Patrick Shanahan, Tim Hepher, Valerie Insinna, Allison Lampert, Matt Scuffham, Sharon Singleton, Matthew Lewis Organizations: Airbus, Defence, Space, Air Lease AL.N, Pratt & Whitney, CFM, GE Aerospace, GE, Boeing, Thomson Locations: Dubai, Paris, Washington, Montreal
Shares of Spirit Aero down 16% as company looks to raise cash
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France
A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Lockbit threat was no longer on the gang's website as of Wednesday, and it didn't immediately respond to a request for comment. Boeing declined to comment on whether Lockbit was behind the cyber incident it disclosed. It's unclear what data Lockbit may have stolen from the company. "Paying the ransom would simply elicit a pinky promise from LockBit that they will destroy whatever data they obtained," Callow said.
Persons: Benoit Tessier, didn't, Lockbit, Brett Callow, Emsisoft, Callow, Valerie Insinna, Chris Reese, Lisa Shumaker, Jamie Freed Organizations: Boeing, Paris, REUTERS, Rights, Cybersecurity, Infrastructure Security Agency, Global Services, Services, Thomson Locations: Le Bourget, Paris, France
REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.
Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru
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
Boeing trims annual 737 delivery target due to supplier errors
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. Despite falling short on projected 737 deliveries, Boeing stuck to its goal of generating $3 billion to $5 billion in free cash flow this year. The company also intends to keep its 737 production ramp up plan intact. The company reported a wider than expected loss of $3.26 per share, compared with average analysts' expectation of $2.96 per share, according to LSEG data. The company reported $18.1 billion in revenue, slightly beating consensus estimates of $18.0 billion.
Persons: Benoit Tessier, we've, Dave Calhoun, Planemakers, Abhijith, Valerie Insinna, Arun Koyyur Organizations: Boeing, Paris, REUTERS, Air Force, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington
The company also approved a $10 billion share repurchase program that will be funded through short and long-term debt. But profit at RTX's Collins Aerospace unit, which deals with commercial aftermarket service, rose 22% to $903 million. RTX reported an overall third-quarter adjusted profit of $1.25 per share, beating Wall Street estimates of $1.21, according to LSEG data. The company now expects reported sales of $68.5 billion, up from about $67.5 billion, and adjusted sales of $74 billion, up from $73 billion. Adjusted earnings per share - previously projected to be $4.95 to $5.05 - are now expected to be between $4.98 and $5.02.
Persons: Benoit Tessier, Pratt, Whitney, RTX, Neil Mitchill, Pratyush Thakur, Mike Stone, Valerie Insinna, Krishna Chandra Eluri, Mark Potter Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Collins Aerospace, Reuters, RTX, RTX's Collins Aerospace, Wall, Intelligence, Services, Raytheon, Thomson Locations: Le Bourget, Paris, France, Arlington , Virginia, Bengaluru, Washington
Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus(AIR.PA), are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data. The target may no longer be achievable if Boeing can no longer meet its goal of delivering 400 737s this year. Spirit, which reports Nov. 1, has already revealed preliminary results as part of a new price agreement with Boeing.
Persons: Benoit Tessier, Whitney, Rob Stallard, ” RTX, Ron Epstein, Vertical's Stallard, Patrick Shanahan, Pat, Michel Merluzeau, Shanahan, Valerie Insinna, Pratyush Thakur, Ben Klayman, Josie Kao Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Pratt, U.S, Airbus, Research, LSEG, ” Bank of America, Thomson Locations: Le Bourget, Paris, France, Washington, Bengaluru
"Airbus remains committed to providing the U.S. Air Force and our warfighters with the most modern and capable tanker on the market," an Airbus spokesperson said. The Air Force has sought to replace hundreds of Eisenhower-era KC-135 tankers in three lots. "Lockheed Martin has decided not to respond to the U.S. Air Force's KC-135 fleet recapitalization Request for Information," Lockheed spokesperson Stephanie Stinn said in a statement. A Lockheed-Airbus victory would have landed Airbus its first aircraft contract with the U.S. Air Force after attempting to penetrate the U.S. defense market for two decades. In 2011, Boeing won the first of the three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s.
Persons: Cheney Orr, Eisenhower, Lockheed Martin, Stephanie Stinn, Lockheed's, Valerie Insinna, Mike Stone, Chizu Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Rights, Lockheed Martin Corp, U.S . Air, KC, Air Force, Airbus, U.S . Air Force, The Air Force, Boeing, U.S . Air Force's KC, Pegasus, Refueling, recapitalization, Air, Thomson Locations: Huntsville , Alabama, U.S, Alabama, Georgia, Washington
A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Under the agreement announced on Wednesday, Spirit will get a higher price per 787 unit in the near term, while 737 unit prices will be cut from 2026 to 2033. The agreement also includes a "control clause" requiring Boeing's input if Spirit were to be acquired. Overall, the agreement should stabilize Spirit and pave the way for a future agreement with Airbus, he added. Boeing said the agreement "will enhance operational stability in our production system and help us deliver on our customer commitments."
Persons: Benoit Tessier, Tom Gentile, Robert Stallard, Patrick Shanahan, Abhijith, Valerie Insinna, Arun Koyyur, Jonathan Oatis Organizations: Boeing, International Paris Air, Le, REUTERS, Wednesday, Airbus, Research, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington
Boeing, Spirit expand inspections for 737 MAX production defect
  + stars: | 2023-10-12 | by ( ) www.reuters.com   time to read: +2 min
The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File Photo Acquire Licensing RightsOct 12 (Reuters) - Boeing (BA.N) and Spirit AeroSystems (SPR.N) have expanded the scope of their ongoing inspections of a production defect affecting 737 Max 8 aircraft, Boeing said on Thursday. The planemaker in August identified a new quality problem with its popular 737 MAX aircraft involving supplier Spirit that resulted in improperly drilled holes on the aft pressure bulkhead made using an automated drill. Spirit said it continues working closely with Boeing to address rework related to the aft pressure bulkhead. Deliveries of Boeing's best-selling 737 MAX fell in September to the lowest level since August 2021 as it continues struggling with work needed to correct the manufacturing defect.
Persons: Peter Cziborra, Max, Brian West, Shivansh, David Shepardson, Valerie Insinna, Shilpi Majumdar, Chris Reese Organizations: Boeing, Farnborough, REUTERS, Federal Aviation Administration, The, FAA, Reuters, Thomson Locations: Farnborough, Britain, Bengaluru, Washington
A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. The latest order is the second major aircraft purchase by United over the past year. In December, it unveiled a huge order of 100 Boeing 787 Dreamliners and 100 737 MAXs. The large 787 order is likely to raise further questions about the future of outstanding United orders for 45 Airbus A350s which have already been deferred to at least 2030. Nocella said while A350 is a "great machine" and there is no change in the company's order, United is focused on its 787 fleet in the short-run.
Persons: Joshua Roberts, Andrew Nocella, Nocella, It's, Valerie Insinna, Rajesh Kumar Singh, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio, Aurora Ellis Organizations: United Airlines Airbus, Washington National Airport, REUTERS, United Airlines, Tuesday, Boeing, Airbus, Reuters, Air Canada, Air France, KLM, U.S, United, Thomson Locations: Washington , U.S, Chicago, United, North America, U.S, Washington, Bengaluru
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