Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Boeing exploring asset sales to boost finances, WSJ reports

admin by admin
October 20, 2024
in Stock
0
Boeing exploring asset sales to boost finances, WSJ reports
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Boeing (NYSE:BA) is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday.

The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the deal.

Boeing has lurched from crisis to crisis this year, ever since Jan. 5 when a door panel blew off a 737 MAX jet in mid-air. Since then, its CEO has departed, its production has been slowed as regulators investigate its safety culture, and in September, 33,000 union workers went on strike.

The Journal reported that in recent financial-performance meetings, new CEO Kelly Ortberg asked the heads of the company’s units to lay out the value of those units to the company.

Boeing’s board recently met to discuss the next steps for the company, where directors questioned division heads and combed through reports to examine the state of each unit, the report said.

Boeing did not immediately respond to a Reuters request for comment.

Striking machinists at the planemaker are set to vote Wednesday on a new contract proposal that includes a 35% pay hike over four years.

The work stoppage has halted production of the planemaker’s best-selling 737 MAX and its 767 and 777 widebodies, putting added pressure on its already weak finances.

Earlier this month, Boeing announced it would cut 17,000 jobs, or 10% of its global staff, and take $5 billion in charges.

This post appeared first on investing.com

Previous Post

Can the ongoing Q3 season derail AI growth story?

Next Post

How Taylor Swift’s merch could give Target an edge over Costco

admin

admin

Next Post
How Taylor Swift’s merch could give Target an edge over Costco

How Taylor Swift’s merch could give Target an edge over Costco

Trending News

Meta execs to pocket 200% bonuses after 3,600 layoffs spark outrage

Meta execs to pocket 200% bonuses after 3,600 layoffs spark outrage

February 21, 2025
‘I don’t know much about it’: President Trump on meme coin launch

‘I don’t know much about it’: President Trump on meme coin launch

January 22, 2025
US equity funds receive big inflows on cool inflation, funding bill, and holiday rally

US equity funds receive big inflows on cool inflation, funding bill, and holiday rally

December 27, 2024
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.