Boeing company headlines, earnings, strategy, leadership, and market-moving business updates.
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The aerospace company said Celso Ferrer, an aviation executive with regional leadership experience, will take on the role as Boeing expands its commercial and services presence across Latin America and the Caribbean.
THE APEX TIMES
THE APEX TIMES
Archer Aviation says it has $6.9 million in revenue and is acquiring three Boeing subsidiaries, a deal that also leaves Boeing owning about 16.5% of Archer. The aircraft systems target, Insitu, is described as generating annual revenue far larger than Archer’s current sales.
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An amended FAA type certificate for Boeing’s 737-7 clears the aircraft for commercial service, while the company also flagged a technology trial aimed at improving how it builds and delivers aircraft. Investors are watching whether the latest approvals and test milestones translate into a steadier production and delivery path.
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The aerospace company said it reached agreements with the U.S. government and Raytheon to support additional production of the Standard Missile-3 (SM-3), covering key components including avionics and ejector assemblies.
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The commercial real estate services firm is reportedly in discussions about relocating its top offices to a Chicago building previously tied to Boeing, underscoring the ongoing shakeout in downtown office space.
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The agreements with the U.S. Department of Defense and Raytheon, an RTX business, are intended to increase output of SM-3 avionics and ejector assemblies for missile defense interceptors built for engagements beyond Earth’s atmosphere.
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A fresh wave of analyst notes has pushed Boeing’s outlook to its most bullish reading in nearly four years, driven by expectations that the company’s turnaround efforts may be starting to translate into steadier results.
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The lessor said it has delivered its tenth Boeing 787 on lease to Aeroméxico, tying together aircraft finance, delivery timing, and fleet planning for the Mexico-based carrier.
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The eVTOL maker agreed to acquire Wisk Aero, settling claims that led to years of litigation and indicating consolidation in a crowded race to build commercial air taxis.
