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...The company found “several people had been violating company policies by not performing a required test, but recording the work as having been completed”....
...It said deliveries to Boeing had been delayed as the two companies have jointly inspected fuselages at Spirit’s factory since March 1 before they are shipped to Boeing’s plant in Renton, Washington....
...The company in April said it delivered 13,588 vehicles during the first three months of the year....
...But the company’s EV business reported a $1.3bn loss before interest and taxes....
...The company’s difficulties manufacturing its workhorse jet, the 737 Max, have hampered its ability to generate free cash flow, the rating agency said....
...The company reported revenue increased 7.6 per cent to $43bn in the first quarter, beating analyst expectations for $42bn. Adjusted operating earnings rose 2 per cent to $3.9bn....
...Chicago Bears make $5bn pitch to the taxpayer This week, the NFL’s Chicago Bears and the mayor of Chicago unveiled a stunning, roughly $5bn proposal for a new gridiron football stadium on the city’s banks...
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The company did not share further comment beyond Stocker’s memo to workers....
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...The company’s net loss widened to $617mn in its first quarter....
...The company will save $2.6bn by launching the SUV from Normal, Illinois, rather than Georgia and would expand the Midwestern plant’s capacity to 215,000 vehicles per year, according to the filing....
...The company will save $2.6bn by launching the SUV from Normal, Illinois rather than Georgia and would expand the Midwestern plant’s capacity to 215,000 vehicles per year, according to the filing....
...The US Federal Aviation Administration said its audit of Boeing and supplier Spirit AeroSystems found “multiple instances” where the companies allegedly failed to comply with quality requirements for manufacturing...
...” with “my, and our, deepest gratitude” for his contributions to the company over nearly two decades....
...Other earnings: Oil and gas companies Diamondback Energy — which this month agreed a $26bn deal to buy Endeavor Energy — and Chesapeake Energy report quarterly earnings after the closing bell, but will hold...
...Dyson’s sales have risen as the business has moved into new products such as air purifiers and hair dryers....
...American Airlines ordered another 85 A321 neos from Boeing’s rival Airbus, and 90 E175 aircraft from Brazilian aerospace company Embraer....
...More tech: Facebook parent Meta and Amazon will also report their latest results after the market closes, with both companies expected to report jumps in revenue....
...“We are committed to our trade controls obligations, and we look forward to working with the state department under the agreement announced today,” the company said....
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