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A new Federal Aviation Administration review of Boeing's safety processes will take about three months, the agency said in a statement on Friday.
Spirit AeroSystems will furlough some 700 workers. The Boeing supplier had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept.
Spirit AeroSystems will tell employees on Friday 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, a spokesperson told Reuters.
Billions of dollars for Boeing and Lockheed hinge on a single FAA decision.
BA's earnings miss the Zacks Consensus Estimate in two of the trailing four quarters and beat the same in the other two, the average negative surprise being 1.97%.
Production down 0.3%, slightly below forecast
Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary said the airline would likely cut traffic expectations for next year.
In the last week, Boeing has taken two significant efforts to address its ongoing financial crisis amidst an ongoing strike of 33,000 workers from the International Association of Machinists (IAM).
Investors believe a Boeing stock sale is coming. Exactly when and how much the company will raise remains a mystery.
Boeing Co (NYSE:BA, ETR:BCO) plans to raise around $15 billion through a combination of stock sales and mandatory convertible bonds to strengthen its finances, according to sources cited by the Reuters news agency. The aerospace giant, facing regulatory issues, production setbacks, and a loss of customer confidence, is also considering a structured finance deal to raise an additional $5 billion.