Boeing has announced that production in Washington will be suspended until further notice. A planned merger between two Boeing suppliers has been called off due to the COVID-19 outbreak.
The Raytheon-United Technologies merger was officially completed Thursday and the Raytheon Technologies began trading Friday morning on the NYSE under the ticker symbol RTX.
Boeing has announced a voluntary layoff for eligible employees but the company did not provide specific details which it said would be coming in three to four weeks.
While the COVID-19 pandemic is ravaging the global economy, tensions are rising, and this could prove to be fruitful for defense stocks such as Northrop Grumman.
When analysts on Wall Street upgrade and downgrade stocks around bad news, it can sometimes offer great insight. Such is the case with the latest Boeing call from independent research firm Argus.
A period when global tensions are high is a defense company’s dream. No one believes that either the oil price war or the rapid spread of COVID-19 will improve soon, and that should benefit…
Due to a lack of orders, unless the government gives its aid, Boeing could become worthless to common shareholders. Regardless, its defense, space and security units have been an ongoing success.
For every action, there is supposed to be an equal reaction. That said, nothing seems to be equal in the world of investing these days in the new coronavirus-induced economic panic. America’s greatest companies…
Boeing stock was hammered in Wednesday's premarket session after the company argued that a $60 billion liquidity package was needed to support the U.S. aerospace manufacturing industry that consists of essentially one company.
Northrop Grumman investors are concerned that the federal government will slow spending on some defense programs to pay the expected high costs to combat the coronavirus outbreak in the United States.
The coronavirus outbreak has hit Boeing's stock price harder in the past month than did the grounding of the 737 Max. And it could get worse.
Northrop Grumman stock is up handily over the past five years. Defense stocks in general have done well, because sales of arms have have been strong both in the United States and overseas.
When the White House announced its fiscal year 2021 budget, there were winners and losers among the nation's largest defense contractors.
Airbus on Thursday reported a net loss of €1.36 billion ($150 billion) in 2019 largely due to a 73% drop in pretax profits.
Boeing's orders and deliveries showed that the company took in no new net plane orders for the month of January.
