Airlines are being told by regulators in Canada, Japan and Europe to check most Boeing Co. and Airbus SAS jets for wiring faults in emergency beacons as the probe continues into a July 12 fire on a 787 Dreamliner.
Airlines are being told by regulators in the U.S., Canada, Japan and Europe to check most Boeing Co. and Airbus SAS jets for wiring faults in emergency beacons amid the probe into a July 12 fire on a 787 Dreamliner.
Relational Investors LLC, the activist fund co-founded by Ralph Whitworth and David Batchelder, disclosed a stake of about 3.5 percent in B/E Aerospace Inc. as the maker of aircraft seats conducts a strategic review.
South Korea said it would hold a new tender for 60 fighter jets after rejecting Boeing Co.’s bid for the 8.3 trillion-won ($7.7 billion) contract over concerns the F-15SE wasn’t advanced enough to counter North Korea’s nuclear threat.
Governors of more than a dozen states are rushing to offer incentives such as subsidized training and infrastructure to convince Boeing Co. to move production of its new 777X jetliner out of Washington, where union members rejected a labor contract that froze pensions.
Dennis Muilenburg, whose promotion yesterday put him in line to be Boeing Co.’s next chief executive officer, spent the last four years drafting strategy on the fly as U.S. budget cuts squeezed the $33 billion defense and space unit he headed.
Northrop Grumman Corp ., the third largest U.S. defense contractor, has potentially set a precedent for other defense giants by spinning off its $6.7 billion ship unit as Huntington Ingalls Industries Inc.