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☆ Boeing's new Air Force One jets are so late that the old ones may need to keep flying until 2028, costing taxpayers $340 million: report
▼ + stars: | 2022-11-04 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Boeing's new Air Force One build is so behind schedule that taxpayers face a $340 million hit. The Air Force said the existing 747 jets may have to keep flying until 2028, per the WSJ. In July, the Air Force said that it didn't expect the first plane— which uses the call sign Air Force One when the President is aboard — to be ready until September 2027, per CNN. The Air Force said the delays could keep them flying as late as the 2028 presidential election, per the Journal. The existing planes cost $70 million more to operate each year than their replacements, according to the Journal.

☆ New Mexico town delays banning abortion
▼ + stars: | 2022-11-04 | by ( Brad Brooks | ) www.reuters.com time to read: +3 min

Clovis does not have an abortion clinic, but could be a place that could serve people from Republican-controlled Texas, to the east. On Monday, the city commission of the nearby town of Hobbs is expected to take up a similar measure. Mitchell participated in the city commission meeting by phone. What it's doing is it's putting women — women and girls' lives at risk." Laura Wight, a Clovis resident helping lead Eastern New Mexico Rising, a progressive group opposed to ordinance, welcomed the delay.

☆ Delays in Boeing’s New Air Force One Cause Costs to Pile Up for Shareholders, Taxpayers
▼ + stars: | 2022-11-03 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

The two aging 747 jets currently serving as Air Force One when the president is on board came into service during the George H.W. Bush administration. Boeing ’s troubled project to replace Air Force One is getting costlier, both for the plane maker’s shareholders and U.S. taxpayers who will have to pay to keep the president’s aging jets flying longer. The Arlington, Va., aerospace company said it expects to lose $766 million more on the high-profile, years-late project to transform two 747-8 jumbo jets into flying White Houses, bringing its total losses related to the effort to nearly $2 billion, according to securities filings. The additional costs were part of a larger charge that led Boeing to report a $3.3 billion third-quarter loss.

☆ Democratic state Sen. Don Davis faces off against Republican Sandy Smith in North Carolina's 1st Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Democrat Don Davis is running against Republican Sandy Smith in North Carolina's 1st Congressional District. North Carolina's 1st Congressional District candidatesDavis, first elected to North Carolina's State Senate in 2008, currently represents the state's 5th Senate District. Smith, Davis' opponent, is a business executive, entrepreneur, and real estate investor. Voting history for North Carolina's 1st Congressional DistrictNorth Carolina's 1st Congressional District stretches through a primarily rural part of the eastern side of the state and borders Virginia. The Democratic Congressional Campaign Committee leads all spenders.

☆ Boeing Has Lost Another $766 Million on Trump's Air Force One Deal
▼ + stars: | 2022-10-28 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Boeing lost $766 million in Q3 on the project to build Air Force One aircraft. Boeing bears the cost of any delays under a deal struck with the Trump administration. At the time Boeing said it had lost a total of $1.14 billion, including a further $660 million in the first quarter, on the planes, per an SEC filing. However, DefenseOne estimates that the total costs could be above $5.3 billion, citing Air Force officials and Pentagon budget documents. On Wednesday's call, Brian West, Boeing's chief financial officer, said that labor stability had been "magnified" on the Air Force One project and another project to build KC-46A Tankers due to the fact that workers need security clearances.

☆ Boeing losses mount on troubled Air Force One program
▼ + stars: | 2022-10-26 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Boeing previously booked about $1.1 billion in charges on the program since 2020 and has now racked up $1.9 billion in losses on the $4.3 billion program that is up to three years behind schedule. Trump in 2016 had urged the government to cancel purchase of Boeing's new Air Force One saying it was "ridiculous" and too expensive." The planemaker's ailing defense business Wednesday recorded a $2.8 billion charge for a number of programs, including Air Force One. Boeing said the Air Force One losses were "driven by higher costs to incorporate certain technical requirements, increases to factory modification labor and support engineering, schedule delays and higher supplier costs." Boeing Chief Financial Officer Brian West said labor stability issues for Air Force One "are magnified because of the requirements to get security clearances."

Oct 26 (Reuters) - Boeing Co's (BA.N) ailing defense business on Wednesday recorded a $2.8 billion charge, but the U.S. planemaker stuck to its forecast of generating cash this year despite struggling to raise commercial jet production due to labor and supply shortages. The planemaker said it took charges on its Air Force One and refueling tanker program, among others. "Our revenue and earnings were significantly impacted by losses on fixed-price development programs in our defense business, driven by higher estimated manufacturing and supply chain costs," Boeing Chief Executive Dave Calhoun said in a message to employees. Boeing has appointed a senior troubleshooter Steve Parker to help turn around loss-making programs in its defense unit, Reuters reported on Tuesday. Demand at the global services business that provides spare parts and services such as jet conversions was a bright spot in the quarter through September, with revenue rising 5%.

☆ Boeing Reports $3.3 Billion Loss, Weighed Down by Defense Unit Charges
▼ + stars: | 2022-10-26 | by ( Andrew Tangel | Doug Cameron | ) www.wsj.com time to read: 1 min

Boeing said its losses deepened in the third quarter as fresh problems with its defense business added to supply-chain and regulatory woes in its commercial jet arm. The Arlington, Va., aerospace giant reported a loss of $3.3 billion, compared with a $132 million deficit in the third quarter last year. Its results were weighed by $2.8 billion in charges related to programs including its troubled military refueling tanker and Air Force One replacement jets. Revenue rose 4% from a year ago to $16 billion.

☆ Boeing Reports $3.3 Billion Loss, Weighed Down By Defense Unit Charges
▼ + stars: | 2022-10-26 | by ( Andrew Tangel | Doug Cameron | ) www.wsj.com time to read: 1 min

Boeing said its losses deepened in the third quarter as fresh problems with its defense business added to supply chain and regulatory woes in its commercial jet arm. The Arlington, Va., aerospace giant reported a loss of $3.3 billion, compared with a loss of $132 million in the third quarter last year. Its results were weighed by $2.8 billion in charges related to programs including its troubled military refueling tanker and Air Force One replacement jets. Revenue rose 4% from a year ago to $16 billion.

☆ Boeing reports quarterly loss on problems in Air Force One, tanker programs
▼ + stars: | 2022-10-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Boeing reported a $3.3 billion quarterly loss Wednesday as problems in its defense unit countered strides in its commercial aircraft business. Revenue: $15.96 billion vs. $17.76 billion expected. Boeing reported losses of $2.8 billion in its defense unit on programs including the KC-46 tanker and Air Force One. Alaska Airlines on Wednesday said it would exercise options to buy 52 Boeing 737 Max planes to its fleet and rights for 105 more of them through 2030.

☆ Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs
▼ + stars: | 2022-10-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Those programs include refurbishing two 747 jets that will become the next generation of Air Force One. The charge resulted in an operating loss of $2.8 billion at the defense and space unit, compared to a $436 million profit it made there last year. But the commercial plane unit reported an operating loss of $643 million. Boeing reported a net loss of $3.3 billion, far worse than the $132 million hit a year ago. Analysts had been expecting core operating earnings of $648 million rather than the massive loss.

☆ What Cramer is watching Wednesday — mortgage demand collapses, tech red flags
▼ + stars: | 2022-10-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Wednesday, Oct. 26, 2022 Worst mortgage demand since 1997 . Early, weaker quarterly summary on tech Tuesday evening from Club holdings Alphabet (GOOGL) and Microsoft (MSFT). No longer in early innings of the cloud, and cloud costs, especially electricity, are way up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

The move to strengthen industrial leadership comes after delays and cost overruns blighted a series of long-term projects for which Boeing is locked in to a fixed price. Chief Financial Officer Brian West said last month fixed-price defense contracts were being "knocked around" by supply chain problems, inflation and labor shortages. In 2006, incoming BCA chief Scott Carson appointed Jim Jamieson chief operating officer of the planemaking unit - a wide brief giving him effective oversight of jet manufacturing and development until his retirement about 18 months later. Those changes came just as Boeing was trying to juggle changes in manufacturing with the development of the Boeing 787, while still bearing the wounds of a 1997 production crisis. Airbus (AIR.PA) has long had a chief operating officer at its main planemaking arm, though in practice it is more than a divisional role as the defense and helicopter units slot in underneath.

☆ Trump's beloved Boeing 757 private jet is finally flying again after a year of maintenance work and a new paint job
▼ + stars: | 2022-10-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Donald Trump has recommissioned his prized Boeing 757 private plane as he hints at a 2024 presidential run. The plane was taken out of storage in 2021 and flown to Louisiana for maintenance work and a new livery. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDonald Trump's prized Boeing 757 private jet is finally back in action. As he threw cold water on news of a new plane, Trump posted a video of his original 757 aircraft on social media in July. With a sleek new look, Trump's private jet is already being put to work, having flown to Corpus Christi, Texas, over the weekend, per ADS-B Exchange.

☆ All eyes are on DeSantis' relationship with Biden as Hurricane Ian approaches Florida. Here's how the previous 3 presidents worked (or didn't) with governors on disaster relief efforts.
▼ + stars: | 2022-09-28 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +10 min

Governors usually work directly with the White House during disasters, relying on the government for federal resources. Here's a look at how the last three presidents handled disaster relief efforts and how Biden could address this crisis with DeSantis. However, on Tuesday evening, White House Press Secretary Karine Jean-Pierre tweeted that Biden and DeSantis had spoken to discuss steps the federal government is taking to help Florida. Here's how the last three presidents worked with governors in their disaster relief efforts. Biden declared a state of emergency as the storm approached, ordering federal assistance to supplement disaster response efforts.

☆ Biden to urge allied nations for more Ukraine support at U.N. General Assembly
▼ + stars: | 2022-09-20 | by ( Amanda Macias | ) www.cnbc.com time to read: +2 min

UNITED NATIONS — When U.S. President Joe Biden takes the famed speakers rostrum at the United Nations Assembly Hall on Wednesday, he will do so under immense international scrutiny. Biden's address to the 77th United Nations General Assembly comes as Russia's war in Ukraine marches past its 200th day, while governments continue to grapple with the fallout of the Covid-19 pandemic and as climate change uncertainties mount. Linda Thomas-Greenfield, Biden's Ambassador to the United Nations, told reporters on Friday that a U.S. delegation will meet with a Ukrainian delegation on the sidelines of the U.N. General Assembly. What they're interested in is continuing to raise this unprovoked war on Ukraine," she told reporters during a press briefing at the United Nations. Michele Sison, assistant secretary for International Organization Affairs at the State Department, said the Biden administration did not view this year's General Assembly "as business as usual."

Biden sat down in the Oval Office with Cherelle Griner, wife of women's basketball star Brittney Griner, and Elizabeth Whelan, sister of former U.S. Marine Paul Whelan. Biden conducted the separate meetings to assure the families that the detainees "are at front of mind," said White House press secretary Karine Jean-Pierre. The United States in late July said it has put forward a "substantial offer" to secure the release of the two Americans. Last month, Russia's foreign ministry said it was engaged in "quiet diplomacy" with the United States about a potential prisoner swap that could include Griner and Whelan. Washington has offered to exchange Russian arms trafficker Viktor Bout for Griner and Whelan, sources familiar with the situation have told Reuters.

☆ Senate Republicans want Congress to step in and prevent a nationwide rail strike that could hammer the economy
▼ + stars: | 2022-09-14 | by ( Juliana Kaplan | Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

Two Senate Republicans want Congress to step in and avert a shutdown of the nation's railroads. The US Chamber of Commerce estimates a rail shutdown would cost the economy $2 billion a day. A strike could prove expensive, with the business-friendly US Chamber of Commerce estimating a shutdown would cost the economy $2 billion a day. "We need action immediately to avoid a rail shutdown and the economic impacts that would fall on businesses and consumers," Drake said. "This is an issue that can and should be worked out between the rail companies and the unions, not by Congress.

☆ Joe Biden şi Vladimir Putin se întâlnesc astăzi la Geneva // LIVE
▼ + stars: | 2021-06-16 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: APJoe Biden şi Vladimir Putin se întâlnesc astăzi la Geneva // LIVEPreşedintele american Joe Biden şi omologul său rus, Vladimir Putin, se vor întâlni miercuri, la Geneva, iar această întrevedere a lor va fi una dintre cele mai importante din sfera geopolitică de anul acesta. Întâlnirea de săptămâna aceasta dintre Biden şi Putin are loc în cadrul primei vizite internaţionale a lui Biden ca preşedinte, în timpul căreia a reconfirmat alianţele cu liderii G7 şi partenerii NATO. La sediul NATO, Biden le-a declarat reporterilor că s-a consultat cu ceilalţi lideri mondiali înaintea întâlnirii cu Putin, scrie News.ro. „Fiecare lider mondial de aici, cei mai mulţi dintre ei au menţionat asta şi mi-au mulţumit pentru întâlnirea cu Putin”, a spus Biden luni, citează Cnbc.com. La întrunire vor participa patru persoane: Biden, Putin, secretarul de stat american Antony Blinken şi ministrul rus de Externe, Serghei Lavrov.

Persons: Joe Biden, Vladimir Putin, Biden, Putin, Donald Trump, Putin . Trump, preşedinte, american Antony Blinken, Serghei Lavrov Organizations: G7, NATO, CNN, Air Force, rus Locations: Geneva, Elveţia, Statelor Unite, Helsinki, american, Kremlin, ţară, Leman, Bruxelles, Grange

☆ Joe Biden şi Vladimir Putin s-au întâlnit la Geneva // LIVE
▼ + stars: | 2021-06-16 | by ( ) www.jurnal.md time to read: +4 min

Sursa foto: captură videoJoe Biden şi Vladimir Putin s-au întâlnit la Geneva // LIVEUPDATE 14:40 // Preşedintele american Joe Biden şi omologul său rus, Vladimir Putin, s-au întâlnit miercuri, la Geneva. Apoi a ieșit împreună cu Putin și cu președintele Elveției, și au dat mâna pentru o fotografie de protocol. De asemenea, întâlnirea dintre Joe Biden și Vladimir Putin are o acoperire mediatică internațională, fiind prezenți peste 3.000 de reprezentanți ai mass-media. „Fiecare lider mondial de aici, cei mai mulţi dintre ei au menţionat asta şi mi-au mulţumit pentru întâlnirea cu Putin”, a spus Biden luni, citează Cnbc.com. La întrunire vor participa patru persoane: Biden, Putin, secretarul de stat american Antony Blinken şi ministrul rus de Externe, Serghei Lavrov.

Persons: Joe Biden, Vladimir Putin, Apoi, Putin, Biden, Donald Trump, Putin . Trump, preşedinte, american Antony Blinken, Serghei Lavrov Organizations: US News, G7, NATO, CNN, Air Force, rus Locations: Geneva, Grange, Federației Ruse, Elveției, Elveția, Helsinki, american, Kremlin, ţară, Leman, Bruxelles

☆ Joe Biden a anunţat MOTIVUL pentru care se va întâlni cu Vladimir Putin la Geneva
▼ + stars: | 2021-06-10 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Președintele Joe Biden a avertizat că Rusia se va confrunta cu consecinţe „puternice şi semnificative” dacă se angajează în activităţi nocive. La finalul turneului, Joe Biden se va întâlni la Geneva cu președintele rus, Vladimir Putin, informează BBC și Reuters, citează digi24.ro. După ce va participa timp de trei zile la summit-ul G7, Joe Biden şi soţia sa, Jill, vor fi primiţi de Regina Elisabeta la Castelul Windsor. Ulterior, Joe Biden se va deplasa la Bruxelles pentru discuţii cu liderii NATO şi ai UE. Turneul european al preşedintelui SUA se încheie cu întrevederea de la Geneva cu omologul rus Vladimir Putin.

Persons: Președintele Joe Biden, Joe Biden, Vladimir Putin, Putin, Rusia ., republican Donald Trump, Boris Johnson, Jill, Regina Elisabeta, Alexei Navalnîi Organizations: US Air Force, BBC, Reuters, NATO, Mildenhall, republican, Castelul Windsor . Locations: Rusia, american, străinătate, Geneva, Statele Unite, SUA, Cornwall, discuţie, Castelul Windsor, Bruxelles, discuţii, UE, China, Ucrainei, Belarus, Rusiei

☆ A murit câinele familiei Obama. Mesajul fostului președinte despre Bo (VIDEO)
▼ + stars: | 2021-05-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Câinele familiei Obama, Bo, a murit răpus de cancer, la vârsta de 13 ani. Fostul preşedinte american l-a numit pe Bo ”un adevărat prieten și un companion loial”. Familia Obama a adoptat patrupedul după alegerile din 2008, fiind o promisiune făcută fetelor. Câinele a fost lângă stăpânii lui în cele mai importante momente. A zburat cu Air Force One şi a fost prezent la vizita Papei.

Persons: Obama, Bo, Barack, Michelle Organizations: Air Force One Locations: american

☆ (VIDEO) Joe Biden a căzut pe scara avionului Air Force One după ce s-a împiedicat de trei ori
▼ + stars: | 2021-03-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Preşedintele american Joe Biden a căzut pe scara avionului prezidenţial după ce s-a împiedicat de trei ori, în momentul când urca în Air Force One la baza aeriană Andrews, informează The Sun și digi24. Din imaginile care au surprins momentul, se poate vedea cum Joe Biden se împiedică de trei ori când urcă pe scările avionului. A treia oară, Biden cade în ambii genunchi, după care se ridică şi, pentru câteva secunde, îşi scutură praful de pe pantaloni. În cele din urmă, Biden ajunge în capul scărilor, de unde îi salută apoi scurt pe cei aflaţi jos, pe pistă, după care intră în avionul prezidenţial. Scena s-a petrecut înaintea decolării Air Force One spre Georgia, unde preşedintele american se va întâlni cu reprezentanţi ai comunităţii asiatice, după trei grave incidente armate în urma căruia cel opt persoane au fost ucise în saloane de masaj din Atlanta.

Persons: Joe Biden, Andrews, Biden Organizations: Air Force, Air Force One Locations: Georgia, Atlanta

☆ VIDEO/ Donald Trump a părăsit Casa Albă. Joe Biden urmează să fie învestit miercuri în funcția de președinte al SUA
▼ + stars: | 2021-01-20 | by ( ) www.zdg.md time to read: 1 min

Preşedintele american Donald Trump a părăsit miercuri dimineaţă Casa Albă, cu câteva ore înainte de finalul mandatului său, fără să-l fi primit mai întâi pe succesorul său, Joe Biden, care va depune jurământul la prânz, relatează AFP şi DPA, citate de Agerpres. Elicopterul prezidenţial Marine One, avându-i la bord pe Donald şi Melania Trump, şi-a luat zborul din grădinile Casei Albe, la puţin timp după ora locală 08:15 (13:15 GMT). Rostind numai câteva cuvinte la plecare, preşedintele Donald Trump a evocat un mandat „de patru ani fantastic”, care a însemnat „onoarea unei vieţi”. De acolo, cuplul prezidenţial va pleca cu avionul Air Force One către Florida, unde Trump va petrece ultimele ore ale preşedinţiei sale. El nu va participa la inaugurarea preşedintelui ales Joe Biden.

Persons: Donald Trump, Joe Biden, Donald, Melania, Trump, El Organizations: Agerpres, Melania Trump, Casei, Air Force One, Reuters Locations: Maryland, Florida, Agerpres

(video) „Este o nouă zi pentru America.” Are loc ceremonia de investire în funcția de președinte a lui Joe BidenPreședintele ales al SUA, Joe Biden, a postat miercuri pe Twitter că este „o nouă zi” pentru America, cu puțin înainte de învestitura sa în funcție, transmite AFP, notează AGERPRES„Este o nouă zi pentru America”, a postat pe Twitter fostul vicepreședinte al lui Barack Obama în această zi a tranziției de putere. După ce a asistat la o slujbă în catedrala St Matthew din Washington alături de liderii republicani și democrați din Congres, el urmează să se îndrepte spre Capitoliu pentru a depune jurământul, în jurul prânzului. Fostul președinte Donald Trump a plecat cu avionul prezidențial Air Force One spre reședința sa din Florida, de la Mar-a-Lago, alături de fosta primă doamnă Melania Trump. Deși nu va participa la ceremonia de învestitură, fapt fără precedent în ultimii 150 de ani, Trump a respectat măcar o tradiție, aceea de a-i lăsa o scrisoare lui Joe Biden, care nu se știe în posesia cui se află, transmite AGERPRES.

Persons: Joe Biden, Barack Obama, St Matthew, Donald Trump, Melania Trump, Trump Organizations: Air Force Locations: America, SUA, St, Washington, Congres, Capitoliu, Florida, Mar -, AGERPRES

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