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Boeing Reports Third-Quarter Results

WIL BALDWIN October 28, 2020

- Financial results continue to be significantly impacted by COVID-19 and the 737 MAX grounding - Proactively managing liquidity and transforming for the future - Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core (non-GAAP)*…

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French Airbus Workers Sign Key Restructuring Deal

WIL BALDWIN October 12, 2020

FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe/File Photo TOULOUSE, France (Reuters) - Major French unions on Monday…

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Boeing Built Space Force Satellite Passes Design Review

WIL BALDWIN October 10, 2020

Boeing [NYSE: BA] and the U.S. Space Force successfully completed the first major engineering design review for the Wideband Global SATCOM (WGS)-11+ communications satellite. This successful review demonstrates that Boeing is ready to proceed to…

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Boeing to Consolidate 787 Production in South Carolina in 2021

WIL BALDWIN October 1, 2020

- Single site to improve operational efficiency as company adapts to market downturn and positions for recovery and long-term growth - 787 production to continue in Everett, Wash. until program begins building at the previously…

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Airbus Celebrates 5 Years of Production in Mobile, Alabama

WIL BALDWIN September 14, 2020

In 2015, Mobile, Alabama became home to Airbus’ first US-based commercial aircraft manufacturing facility. Now celebrating five years of production, it has grown from an initial workforce of around 250 staff producing A320 Family aircraft,…

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VW Not Seeking Deal With Tesla – CEO Diess

WIL BALDWIN September 7, 2020

FRANKFURT, Sept 7 (Reuters) - Volkswagen's Chief Executive Herbert Diess on Monday sought to quell speculation that the world's largest carmaker, which is on a mass production push for electric cars, has plans to develop…

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Ford Announces Goal to Donate 100 Million Masks

WIL BALDWIN September 4, 2020

- New Documentary Celebrates Workforce Response to Covid-19 https://youtu.be/lYHgV2u1T2Y DEARBORN, Michigan, Sept. 4, 2020 – Following completion of its 50,000th ventilator to help clinicians treat COVID-19 patients, Ford is pivoting to target production of 100 million…

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Ford GT Heritage Edition Celebrate Storied 1966 Daytona Win

WIL BALDWIN August 20, 2020

2021 Ford GT Heritage Edition inspired by the GT40 MK II’s 1966 Daytona 24 Hour Continental race victory! - Ford Performance unveils new Ford GT Heritage Edition inspired by the 1966 Daytona 24 Hour Continental,…

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Alstom Begins Validation Tests on Azerbaijan Freight Locomotives

WIL BALDWIN August 9, 2020

Alstom has launched the validation test campaign for the Prima T8 AZ8A freight locomotives in Azerbaijan on the main freight transit line, which has recently been converted from 3kV DC to 25kV AC. In 2014,…

Airbus Adds More Deliveries, Breaks 3 Month Order Drought

WIL BALDWIN August 6, 2020August 6, 2020

PARIS (Reuters) - Airbus delivered 49 aircraft in July, up from 36 in June as it continues to recover from a slump in deliveries during this year's coronavirus lockdowns, the company said on Thursday. The…