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Boeing abandoned the structure in 2014 as part of a deal with union machinists to build its 777X jetliner in Washington, with an aim to curb "the unsustainable growth of our long-term pension ...
Boeing Calc was a spreadsheet package written by Boeing Computer Services, an independent subsidiary of aviation manufacturer Boeing. It had originally been developed as an in-house accounting tool, but was launched as a commercial product in April 1985 for IBM 4300 mainframes running IBM MVS and IBM PC microcomputers running DOS .
In the rejected contract, Boeing sought to replace those payouts with new contributions to retirement accounts. Boeing said average annual pay for machinists would rise from $75,608 now to ...
Chicago-based Boeing is now reckoning with a blow to its reputation and the financial cost of getting the planes back in the air. It met sharply lowered Wall Street profit estimates for the first ...
Walter James "Jim" McNerney Jr. [1] (born August 22, 1949) is a business executive who was president and CEO of the Boeing Company from June 2005 to July 2015. McNerney was also chairman from June 2005 until March 1, 2016. [2] [3] [4] McNerney oversaw development of the Boeing 737 MAX. [5]
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Boeing lost 45 orders for the MAX, following cancellations and conversions, through the first 10 months of 2019. [53] On January 14, 2020, Boeing reported a net loss of 87 aircraft orders in 2019, its worst performance in three decades; airline customers had canceled 183 orders for the MAX, while Boeing received only 96 orders for other aircraft.
Boeing Co on Wednesday posted better-than-expected quarterly profit and revenue but shares dropped as much as 3.6 percent after it reported $426 million in higher costs on its long-delayed KC-46 ...