Boeing Troubles - One of the world's largest aerospace manufacturers keeps having problems with their planes.

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mindlessobserver said:
Boeing pleads guilty. Filings in US Federal Court announce a 246 million dollar fine and an admission to criminal fraud in the production of the 737 max airplane and it's subsequent crashes. Boeing will also submit itself to third party supervision under court administration.


Bring on the civil lawsuits. Hoo boy. I can hear the class action lawyers crying in ecstacy from here.

That said though, Boeing's victims intend to ask the Federal Judge to reject the plea deal and set a date for Jury trial where the corporation will be charged with conspiracy to defraud the United States and manslaughter by negligence.

Either way however, Boeing will become a felonious corporation which will make it ineligible to sign contracts with the US government going foreword absent waivers. Under the Federal Aquisition Regulations of the GSA, corporations with a felony conviction in Federal Court are barred from contracting with the United States.
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that will have a significant impact that I can't predict
 
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I imagine it means boeings lawyers are going to have to earn their pay. Existing contracts can still go foreword but cannot be renewed. This is not a law mind you, but just normal procedure by the GSA when it comes to setting up contracts. So that means Boeing can get waivers. But it will still require extra regulatory steps and put them at a disadvantage with their competitors.
 
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mindlessobserver said:
Boeing pleads guilty. Filings in US Federal Court announce a 246 million dollar fine and an admission to criminal fraud in the production of the 737 max airplane and it's subsequent crashes. Boeing will also submit itself to third party supervision under court administration.


Bring on the civil lawsuits. Hoo boy. I can hear the class action lawyers crying in ecstacy from here.

That said though, Boeing's victims intend to ask the Federal Judge to reject the plea deal and set a date for Jury trial where the corporation will be charged with conspiracy to defraud the United States and manslaughter by negligence.

Either way however, Boeing will become a felonious corporation which will make it ineligible to sign contracts with the US government going foreword absent waivers. Under the Federal Aquisition Regulations of the GSA, corporations with a felony conviction in Federal Court are barred from contracting with the United States.
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That's what, 20% of the fine Alex Jones got for being a retard online?
 
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Betonhaus said:
That we know of. That medical emergency thing may not have been a hoax, and have we seen the captain of the Boeing ship since?
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Im reminded how Disney uses the "only a medical doctor can declare a person dead and the medical doctor is at the hospital" ploy to keep number of people who died on their property officially down.

"Well nobody can say he is dead legally in the ISS, so he isnt"
 
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namelesstacotruck said:
Im reminded how Disney uses the "only a medical doctor can declare a person dead and the medical doctor is at the hospital" ploy to keep number of people who died on their property officially down.

"Well nobody can say he is dead legally in the ISS, so he isnt"
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if they locked him in his spacesuit to keep the smell down he's probably soup by now.
 
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Boeing Reports $16.9 Billion In Revenue For 2nd Quarter With 5,400 Commercial Aircraft Backlog​

  • In Q2, Boeing reported massive losses, including a negative cash flow.
  • Boeing Commercial Airplanes (BCA) delivered more than 30% fewer aircraft in Q2, resulting in lower revenues.
  • Boeing announced its new chief executive, tapping an ex-Rockwell Collins, United Technologies, and RTX executive to take over the reins of the aircraft manufacturer.

Boeing has continued to bleed cash, with the plane maker announcing that during the first half of the year, its free cash flow (FCF) was over -$8 billion, which includes a negative FCF of over $4 billion in Q2 2024, as it continues reeling from the quality and safety issues that it has faced throughout the year.

Archive Link(Read on Archive, they've started trying to force you to make an account to read their articles.)
30% fewer deliveries and corresponding losses

In Q2, Boeing delivered 92 commercial aircraft, or 32% fewer than in Q2 2023, when it handed over 136 jets to its customers. Its H1 deliveries are down 34%, dropping from 175 to 266 during the same period in 2023.

As a result, Boeing Commercial Airplanes (BCA) Q2 and H1 revenues were $6 billion and $10.6 billion, respectively, while during the same two periods in 2023, BCA’s earned $8.8 billion and $15.5 billion, respectively.

Doors of the Renton, Washington facility where Boeing builds the 737 MAX shutterstock_1468457405

Photo: VDB Photos | Shutterstock

Overall, BCA ended Q2 with a loss of $715 million (operating margin: -11.9%, and H1 with a loss of $1.8 billion (operating margin: -17.4%).

Boeing as a company ended with revenues of $16.8 billion in Q2 and $33.4 billion in H1, with both figures being 15% and 11% lower year-on-year (YoY). As a result, the aircraft manufacturer ended the three and six-month period with a net loss of $1.4 billion and $1.7 billion, respectively.

In total, Boeing’s FCF in Q2 was -$4.3 billion, while in H1 it was -$8.2 billion, while during the same two periods in 2023, it was still positive, with the plane maker ending the first six months of 2023 with FCF of $1.7 billion.


Progress in strengthening its quality​


David Calhoun, the outgoing president and chief executive officer (CEO) of Boeing, said that while the quarter was challenging, the company has made progress in strengthening its quality management system and positioning the company for the future.

“We are executing on our comprehensive safety and quality plan and have reached an agreement to acquire Spirit AeroSystems.”
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In Q2, Boeing submitted its plan to improve the quality and safety of its commercial aircraft production to the Federal Aviation Administration (FAA) while also finalizing an agreement to purchase its main supplier, Spirit AeroSystems.

The company expected to close the latter transaction in mid-2025.

Still, Boeing reiterated its goals to increase the production of the 737 MAX and 787, outlining that during the quarter, it gradually built more 737 MAXs.

Plans to increase the monthly rate to 38 per month were still on the cards.

Meanwhile, Boeing also maintained its plans to build five 787s per month by the end of 2024 while reiterating that the 777X has begun its flight certification testing with the FAA after the aircraft received its type inspection authorization (TIA).
https://archive.ph/o/c7ebd/https://simpleflying.com/boeing-777-9-certification-flight-trials/



CEO successor​


At the same time as it announced its Q2 results, Boeing introduced the successor to Calhoun. The company chose Kelly Ortberg to lead the company, with Ortberg assuming the duties of president and CEO of Boeing effective August 8.

In a letter to Boeing’s employees, Steve Mollenkopf, the chair of the board of Boeing, stated that Ortberg was appointed after “a thorough and extensive search process over the last several months.”

“Kelly brings over 35 years of aerospace leadership to this position. He began his career in 1983 as an engineer at Texas Instruments, and then joined Rockwell Collins in 1987 as a program manager and held increasingly important leadership positions at the company prior to becoming its president and CEO in 2013.”
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After leading Rockwell Collins for five years, Ortberg was responsible for the company’s integration with United Technologies and RTX. He retired from the latter company in 2021, with the 64-year-old now working as an advisor to the CEO of United Technologies.

Boeing raised the mandatory retirement age for its CEO from 65 to 70 in April 2021, which enabled Calhoun, now aged 67, to continue working for the company.
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ITS FUCKING OVER DUDES!

:lossmanjack:


NASA leakers have broken with "The Message"®. "all options are now being evaluated"

NASA says it is “evaluating all options” for the safe return of Starliner crew​

SpaceX is actively working on a plan to fly Starliner's crew home.​



Official channels say the scheduled meeting this week on the Starliner mission has been "Cancelled". Will be held next week. Maybe.


Starliner Project projected to be a 1.5 BILLION dollar loss for Boeing.


Proof of life video provided. Astronauts are still totally not stranded on the ISS though.


SpaceX prepping a launch of Dragon. Crew-9 Dragon Launch of the SpaceX Falcon 9 to the ISS scheduled for August 3.


The Launch Window of the Falcon 9 being prepared will run run from early August to Early September with the window in orbital mechanics opening on the 3rd of August. I imagine this weeks cancelled meeting on the Starliner will be so NASA big wigs can instead debate sending the Dragon instead. If they do, Starliner must be detached as its taking up the necessary docking port that Dragon needs to use.

Dragon actually has a crew capacity of 4, so it does not need to be sent up unmanned. It can have a pilot and copilot and the Starliner crew can be brought back down as passengers.
 
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mindlessobserver said:
ITS FUCKING OVER DUDES!

:lossmanjack:


NASA leakers have broken with "The Message"®. "all options are now being evaluated"

NASA says it is “evaluating all options” for the safe return of Starliner crew​

SpaceX is actively working on a plan to fly Starliner's crew home.​



Official channels say the scheduled meeting this week on the Starliner mission has been "Cancelled". Will be held next week. Maybe.


Starliner Project projected to be a 1.5 BILLION dollar loss for Boeing.


Proof of life video provided. Astronauts are still totally not stranded on the ISS though.


SpaceX prepping a launch of Dragon. Crew-9 Dragon Launch of the SpaceX Falcon 9 to the ISS scheduled for August 3.


The Launch Window of the Falcon 9 being prepared will run run from early August to Early September with the window in orbital mechanics opening on the 3rd of August. I imagine this weeks cancelled meeting on the Starliner will be so NASA big wigs can instead debate sending the Dragon instead. If they do, Starliner must be detached as its taking up the necessary docking port that Dragon needs to use.

Dragon actually has a crew capacity of 4, so it does not need to be sent up unmanned. It can have a pilot and copilot and the Starliner crew can be brought back down as passengers.
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the only thing that could be more embarrassing for Boeing is if SpaceX decided to start making airplanes
 
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