Source: Boeing The first of five Boeing-8A Poseidon aircraft for Norway performed its maiden flight yesterday, Aug. 9. The aircraft took off at 10:03 a.m. Pacific time and flew for 2 hours, 24 minutes, reaching a maximum altitude of 41,000 feet during the flight from Renton Municipal Airport to Boeing Field in Seattle. The first flight marks the next phase of the production cycle of this aircraft as it is moved to the Installation and Checkout facility, where mission systems will be installed and additional testing will take place before final delivery to the Norwegian Defence Materiel Agency (NDMA) later this year. "This inaugural flight is an important milestone for Norway, and the Boeing team remains committed to delivering the [...]

Source: Boeing - "Boeing stands by the people of Indonesia... We are in this fight against COVID-19 together," said Sir Michael Arthur, president of Boeing International - Funds will help communities currently battling the highly contagious COVID-19 delta variant The Boeing Company announced a $500,000 (equivalent to IDR 7.2 billion) donation from the Boeing Charitable Trust to CARE in support of COVID-19 relief efforts in Indonesia. Funds will be used to increase capacity of local health centers, provide inflatable negative pressure tents and beds to accommodate COVID-19 patients, as well as personal protective equipment kits and food supplements for health care workers. "Boeing stands by the people of Indonesia as the highly contagious COVID-19 delta variant continues to spread across the country, leaving families [...]

Source: Airbus STARS Air Ambulance, an Airbus operator for more than 35 years, is the first customer in North America to operate the new five-bladed H145 following the acceptance of their new helicopter today in Fort Erie, Ontario. This latest version of the H145 family is their sixth delivery in the company’s fleet renewal plan and the first five-bladed version to join the fleet. All remaining deliveries will consist of the new five-bladed H145 model and STARS has confirmed it will retrofit its initial five aircraft. “By renewing our fleet with the H145, we deliver on our commitment to continually enhance the emergency care services we provide, as each life we save makes a huge difference in someone’s family, someone’s [...]

Source: Boeing - Partnership to stand up a dedicated aerospace venture fund that builds on Boeing HorizonX's platform and expands investments in start-up innovation - Investments to focus on mobility, space and connectivity, industrial tech and enterprise digital solutions, with a broader emphasis on sustainability Boeing and AeroEquity Industrial Partners (AEI) announced a strategic partnership to expand Boeing's venture capital investing in mobility, space and connectivity, industrial tech and enterprise digital solutions, with a broader emphasis on sustainability. The partnership brings together Boeing's aerospace and technology innovation and its HorizonX Ventures platform with AEI's operational and private equity investing experience to establish an independent and expanded venture capital group, AEI HorizonX. "We're excited to launch this transformative and first-of-its-kind business [...]

Source: Boeing Continued progress on global safe return to service of 737 MAX Revenue of $17.0 billion, GAAP earnings per share of $1.00 and core (non-GAAP)* earnings per share of $0.40 Operating cash flow of ($0.5) billion; cash and marketable securities of $21.3 billion Commercial Airplanes backlog grew to $285 billion and added 180 net orders   Table 1. Summary Financial Results Second Quarter First Half (Dollars in Millions, except per share data) 2021 2020 Change 2021 2020 Change Revenues $16,998 $11,807 44% $32,215 $28,715 12% GAAP Earnings/(Loss) From Operations $1,023 ($2,964) NM $940 ($4,317) NM Operating Margin 6.0% (25.1)% NM 2.9% (15.0)% NM Net Earnings/(Loss) $567 ($2,395) NM $6 ($3,036) NM Earnings/(Loss) Per Share $1.00 ($4.20) NM $0.09 ($5.31) NM Operating Cash Flow ($483) ($5,280) NM ($3,870) [...]

Source: Boeing Boeing today released its first Sustainability Report. In the report, the company shares its vision for the future of sustainable aerospace, establishes broad sustainability goals and highlights environmental, social and governance (ESG) progress in alignment with global sustainability standards. "In September 2020, amidst a global pandemic, Boeing formed a Sustainability organization dedicated to advancing our ESG efforts across the enterprise. As we continue on this journey, we are pleased to publish our first comprehensive report, focused on stakeholder responsiveness and data transparency," said Boeing Chief Sustainability Officer Chris Raymond. "We know there's still work to do and are committed to communicating our progress and holding ourselves accountable to ensure the aerospace industry is safe and sustainable for generations to come." [...]