Boeing and Airbus have reached an agreement to distribute Spirit AeroSystems. Boeing will pay $4.7 billion for the supplier. Including the assumed debt, this amount has increased to $8.3 billion. (zoonar.com, Zoonar GmbH) Boeing (BA) Boeing and Airbus (AIR.PA) have struck a deal to split Spirit AeroSystems (SPR), with the former paying $4.7bn (£3.7bn) for … Read more
WASHINGTON – Airbus will take on a nearly $1 billion burden for poor cost and planning of a variety of satellite programs and will evaluate strategic options for its space operations. The company announced after markets in Europe closed on June 24 that it was revising its 2024 guidance due to both space program issues … Read more
Nvidia shares are down more than 6% as investors exit the chip heavyweight. (Reuters/Reuters) Nvidia (NVDA) Nvidia has lost more than $500 billion (£433 billion) in market value since briefly becoming the world’s most valuable company last week, after its shares fell almost 7% on Monday and were in the red during trading hours. Many … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shares of Airbus tumbled on Tuesday after the world’s largest aircraft maker cut its annual profit forecast as supply chain disruptions worsened and a charge related to its aerospace business was imposed. The company’s supply … Read more
18:14 June 14, 2024, updated 18:44 June 14, 2024 Aircraft manufactured by Boeing and Airbus made components of titanium that were sold with false documentation. The Federal Aviation Administration unveiled the problem after Boeing had reported it to the agency when it was informed by parts supplier Spirit Aerosystems. Spirit is the same company that … Read more