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In August 2004 BAE acquired Boeing Commercial Electronics for $66 million (£36m). [5] This was an Irving, Texas-based division of Boeing responsible for the manufacture of electronic components for the company's aircraft. Boeing announced the sale of the division in 2003 as part of a move to outsource component manufacture and "concentrate on ...
The company generates $1.5 million in revenue for each Boeing 787 Dreamliner built. [27] Other products made from the various metals are fasteners, products for the paper industry, parts used in the defense industry, and parts for the automotive industry. [24] PCC's main markets are the United States, Europe, and Asia. [24]
The division was established on July 1, 2017, [3] and is headquartered in the Legacy West development in Plano, Texas. [4] BGS is one of the most profitable divisions of Boeing, earning a record US$19.1 billion in 2023 in revenue at a time when the company's other two divisions operated at a loss.
The Texas attorney general has opened an investigation into a key Boeing supplier that is already facing scrutiny from federal regulators over quality of parts that it provides to the aircraft maker.
The Boeing brand is on display in the exhibition hall during the Bali International Airshow 2024 at Ngurah Rai International Airport in Kuta, Bali, Indonesia, on September 19, 2024.
Boeing will likely have to wait until the Trump administration takes over to resolve one of its biggest legal headaches, as the troubles that plagued the aviation giant for much of 2024 drag into ...
Wichita plant as seen in 2005, just before Spirit Aerosystems took control. Spirit was originally formed as Mid-Western Aircraft Systems when Boeing sold its Wichita factory along with facilities in Tulsa and McAlester to the investment firm Onex Corporation in June 2005 for US$900 million in cash and the assumption of $300 million in debt, a total of $1.2 billion in enterprise value.
The office of Texas Attorney General Ken Paxton said it began looking into Spirit AeroSystems because of “apparent manufacturing defects” in parts that “have led to numerous concerning or ...