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U.S. prosecutors plan to seek a guilty plea from Boeing for misleading a federal regulator in the development of the 737 Max, resulting in two fatal crashes killing 346 people
Jun. 30, 2024 - The potential plea deal, criticized by victims' families as a "sweetheart deal," could include a $247 million fine and an outside monitor, complicating Boeing's ability to secure government contracts. (CNBC)
Jun. 30, 2024 - The potential plea deal, criticized by victims' families as a "sweetheart deal," could include a $247 million fine and an outside monitor, complicating Boeing's ability to secure government contracts. (CNBC)
Universal Hydrogen has ceased operations due to financial difficulties, unable to secure necessary funding or find a buyer
Jun. 30, 2024 - Despite achieving milestones like flying a hydrogen-powered aircraft in 2023 and
conducting successful tests, the company's closure underscores challenges in advancing hydrogen as a viable aviation fuel option, with industry figures like Paul Eremenko highlighting economic uncertainties affecting investor confidence. (Geek Wire)
Jun. 30, 2024 - Despite achieving milestones like flying a hydrogen-powered aircraft in 2023 and
conducting successful tests, the company's closure underscores challenges in advancing hydrogen as a viable aviation fuel option, with industry figures like Paul Eremenko highlighting economic uncertainties affecting investor confidence. (Geek Wire)
Boeing will acquire Spirit AeroSystems for $4.7 billion in an all-stock deal
Jun. 30, 2024 - Including Spirit's debt, the transaction totals $8.3 billion, with each Spirit share exchanged for Boeing shares valued at about $37.25. The deal, set to close by mid-2025, aligns with Boeing's strategy to resolve safety concerns and involves Airbus acquiring certain work packages from Spirit. (Reuters)
The House has rejected an amendment to reduce the purchase of F-35 fighter jets for fiscal 2025, approving 76 new jets
Jun. 27, 2024 - Adam Smith and Donald Norcross, criticized the additional procurement, highlighting
the F-35 program's failure to meet benchmarks and its high lifecycle cost. However, the House Rules Committee blocked a vote on reducing the procurement, leaving the final decision to appropriators, with the Senate's stance still pending. (Defense News)
Jun. 27, 2024 - Adam Smith and Donald Norcross, criticized the additional procurement, highlighting
the F-35 program's failure to meet benchmarks and its high lifecycle cost. However, the House Rules Committee blocked a vote on reducing the procurement, leaving the final decision to appropriators, with the Senate's stance still pending. (Defense News)
Boeing's air taxi subsidiary, Wisk Aero, acquired Verocel to expedite the certification of its self-flying Generation 6 eVTOL air taxi
Jun. 25, 2024 - Verocel's expertise in software verification and validation, particularly with autonomous designs, will support Wisk's certification efforts and future Boeing projects. This acquisition is intended to help Wisk meet the rigorous certification requirements and launch its Gen 6 air taxi. (Flying)
Jun. 25, 2024 - Verocel's expertise in software verification and validation, particularly with autonomous designs, will support Wisk's certification efforts and future Boeing projects. This acquisition is intended to help Wisk meet the rigorous certification requirements and launch its Gen 6 air taxi. (Flying)
