Source: Boeing The Boeing Company("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any. Boeing intends to use the net proceeds from [...]

Source: Boeing Third Quarter 2024 Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programs Revenue of $17.8 billion, GAAP loss per share of ($9.97) and core (non-GAAP)* loss per share of ($10.44) Operating cash flow of ($1.3) billion and free cash flow of ($2.0) billion (non-GAAP)* Total company backlog of $511 billion, including over 5,400 commercial airplanes Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2024 2023 Change 2024 2023 Change Revenues $17,840 $18,104 (1) % $51,275 $55,776 (8) % GAAP Loss from operations ($5,761) ($808) NM ($6,937) ($1,056) NM Operating margins (32.3) % (4.5) % NM (13.5) % [...]

Source: Boeing Boeing President and CEO Kelly Ortberg shared the following message with all employees: Team, Our business is in a difficult position, and it is hard to overstate the challenges we face together. Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term. We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery. We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves [...]

Source: Boeing The Boeing Company has announced major program deliveries across its commercial and defense operations for the third quarter of 2024. The company will provide detailed third quarter financial results on October 23. Major program deliveries during the third quarter were as follows: Major Programs 3rd Quarter 2024 Year-to-Date 2024 Commercial Airplanes Programs 737 92 229 767 6 15 777 4 11 787 14 36 Total 116 291 Defense, Space & Security Programs AH-64 Apache (New) 7 10 AH-64 Apache (Remanufactured) 11 24 CH-47 Chinook (New) — 2 CH-47 Chinook (Renewed) 2 7 F-15 Models 3 10 F/A-18 Models 1 5 KC-46 Tanker 5 10 MH-139  3 3 P-8 Models 1 4 T-7A 1 1 Total1 34 76 1 Deliveries [...]

Source: ATR ATR has been informed of the publication of the preliminary report issued by the Brazilian investigation board CENIPA, related to the accident of the ATR 72-500 operated by Voepass, occurred on August 9th. ATR re-affirms its full support to all the authorities involved. About ATR ATR is the world number one regional aircraft manufacturer with its ATR 42 and 72, the best-selling aircraft in the below 90-seat market segment. The unifying vision of the company is to accelerate sustainable connections for people, communities and businesses, no matter how remote. Flown by some 200 airlines in over 100 countries, ATR aircraft opened 160 new routes in 2023, facilitating the development of territories and enabling access to crucial services like [...]

Source: Boeing Boeing has reached a tentative agreement on a historic contract offer with IAM Districts 751 & W24, which represent 33,000+ Boeing employees. See www.boeing.com/IAM2024 for details. Boeing Commercial Airplanes President and CEO Stephanie Pope shared the following in a video message to employees: "We've what's important to you for the new contract. And we have reached a tentative agreement with the union on a historic offer that takes care of you and your family. The contract offer provides the largest-ever general wage increase, lower medical cost share to make healthcare more affordable, greater company contributions toward your retirement, and improvements for a better work-life balance. Just as important, this contract deepens our commitment to the Pacific Northwest. Boeing's [...]