Striking workers’ rejection of planemaker Boeing’s latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge.
Read More Union’s rejection of Boeing offer threatens jobs at aerospace suppliers
Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space
Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Boeing’s shares rose 3.7% after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers.
Read More Boeing’s shares rise after tentative labor deal that could avert major strike
Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the search for a new CEO.
Read More Boeing-Spirit: Spirit Aero chief in spotlight as Boeing searches for new CEO
Based on data from a supplier, the two largest commercial airline manufacturers, Boeing and Airbus, may have used titanium delivered with forged documentation. This has prompted an inquiry by the Federal Aviation Administration (FAA).
Read More FAA: Airbus And Boeing May Have Used ‘Counterfeit’ Titanium In Planes
Just two months after another employee allegedly died by suicide after voicing concerns about the company, a second Boeing whistleblower who revealed that one of the carrier’s suppliers was neglecting manufacturing flaws has now died unexpectedly as well on Tuesday.
Read More Second Boeing Whistleblower Dies Mysteriously From Sudden Infection, Leaving Doctors Baffled