Boeing has avoided another potentially damaging labor strike after approximately 17,000 engineers and technical workers approved new four-year contracts, removing a significant threat to the aerospace giant as it works to increase aircraft production and complete certification of two long-delayed jets. Members of the Society of Professional Engineering Employees in...
Boeing to divest tech ventures for stake in air-taxi startup
Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. The transaction shifts to Archer Boeing’s Wisk autonomous aircraft venture and SkyGrid and Insitu businesses for the equity and warrants for additional potential stock purchases in...
Boeing ousts 737 MAX chief – weeks after midair blowout
Boeing has ousted the executive responsible for rolling out its troubled 737 MAX planes - weeks after a panel on a new aircraft blew out in midair. Ed Clark, who had been with the company for 18 years, is leaving effective immediately as the manufacturer battles to save its reputation...