Tag: Boeing

Air Force Officials Paid About 8,000% More Than They Should Have on Soap Dispensers for Aircrafts, Watchdog Finds

Daily Caller News Foundation
US Air Force C-17

The Air Force has been overpaying for basic soap dispensers for its aircraft fleet — to the tune of nearly $150,000 in extra costs, according to the Pentagon’s watchdog agency.

The Department of Defense’s Office of Inspector General (OIG) launched an investigation into the Air Force’s expenditures on spare parts for its fleet of C-17s, the military’s largest transport aircraft. The investigation report, released on Tuesday, found that not only had Air Force officials massively overpaid by hundreds of thousands of dollars for some spare parts, but spent 7,943 percent more than it should have on soap dispensers for restrooms on the aircraft, or “more than 80 times the commercially available cost.”

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Boeing Union Strike to Pummel Workers and Shareholders, New Analysis Finds

Daily Caller News Foundation
Boeing Workers

The International Association of Machinists (IAM) union strike against Boeing is expected to result in a $1.05 billion loss for the company and its shareholders, as well as a significant loss for its workers and suppliers, according to an analysis by consulting firm Anderson Economic Group (AEG) released Thursday.

Boeing and company shareholders are set to lose an estimated $1.05 billion, with workers and suppliers losing $351 million from Sept. 13 to Friday due to the IAM union strike, according to AEG’s analysis of the company’s lost wages and shareholder earnings. The firm’s report does not estimate separate damages to consumers or customers for the first two weeks of the strike.

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Troubled Boeing Spacecraft Returns to Earth Without Pilots on Board

Daily Caller News Foundation
Starliner

A Boeing spacecraft successfully returned to Earth on Saturday, without the pilots on board.

The Boeing Starliner has been plagued with technical problems since it was launched into space with astronauts Sunita Williams and Barry Wilmore more than three months ago, essentially stranding the pilots in space. NASA and Boeing have been deliberating options as to how to get Williams and Wilmore home and decided to keep them in space for the time being rather than fly them home on the troubled return vessel, which successfully touched down in New Mexico on Saturday.

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Airlines Launch Effort Backing Green Jet Fuel Tax Credit that Could Raise Food Prices for Americans

Virginia Star Staff
Plane at gate

A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.

More than 40 companies, including Boeing, American Airlines, JetBlue and United as well as ethanol trade groups, are pushing the federal government to “expand” existing tax credits for “sustainable aviation fuel” (SAF) and to pass legislation to increase the fuel’s availability, Axios reported. Corn-based ethanol is a common component in SAF and experts previously told the Daily Caller News Foundation that increasing the demand for corn by incentivizing its use in jet fuel could indirectly raise food costs for Americans.

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Boeing Posts Massive Loss Following Slew of Safety Issues

Virginia Star Staff
Boeing Factory

Top jet manufacturer Boeing reported on Wednesday a net loss of $355 million in the first quarter after months of scrutiny over recent safety issues.

Operating revenue declined 8 percent year over year in the first quarter, from approximately $17.9 billion to $16.6 billion, with the company burning more than $3.9 billion in free cash flow in the time frame compared to $786 million a year ago, according to Boeing’s first quarter earnings report. Recent scrutiny of safety with Boeing products began in January after an Alaska Airlines flight had a door plug fly off mid-air, resulting in an emergency landing and an investigation into the company’s quality assurance.

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Commentary: America’s Priorities Need to Change in Order to Protect Its Citizens

Virginia Star Staff
Illegal Immigrants

The horrific murder of Laken Riley by a repeated felony offender and illegal alien Jose Ibarra, 26, a Venezuelan citizen, was preventable—had federal immigration laws simply been enforced by the Biden administration.

When called out in his recent State of the Union address, President Biden referenced the deceased Ms. Riley. But Biden misidentified her as “Lincoln Riley”—the USC football coach!

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Boeing Reports New Problem with 737 Fuselage

Just the News
Alaska Airlines' Boeing 737

Boeing has discovered additional problems with its 737 fuselages, following a fuselage panel on one of its 737 Max 9s becoming detached last month during an Alaska Airlines flight.

The international aircraft maker said Sunday the new problem is related to drilled holes in the fuselage that were discovered by a supplier employee but is not an “immediate flight-safety issue.”

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United Airlines CEO Says They Are Making Plans Without Boeing After Manufacturing Issues

Virginia Star Staff
United Boeing

United Airlines CEO Scott Kirby said Tuesday that the company is making a plan to move forward without Boeing after the manufacturing company grounded its MAX 9 planes, according to CNBC.

Boeing has suffered a series of problems in the last several weeks after multiple planes had major mechanical and structural errors, forcing the company to ground all Max 9 aircraft with door plugs. Kirby told CNBC that the decision to ground the aircraft was the “straw that broke the camel’s back” for United.

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Commentary: The U.S. Defense Industrial Base

RealClearWire

The Russian invasion of Ukraine, along with increased tensions in the Middle East and the Indo-Pacific region, has generated many debates. Debates about the stability of the international order, the cohesion of NATO, and many others. But for the United States, one significant debate regards the size and expansibility of the American defense industrial base. It’s a discussion that is well past due.

Last year, Under Secretary of Defense Colin Kahl testified to Congress that, “What the Ukraine conflict showed is that, frankly, our defense industrial base was not at the level that we needed it to be to generate munitions.” But the challenge with ammunition is more symptom than cause, in economic terms something of a “leading indicator.”

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Youngkin Nixes Ford Battery Plant Over Partnership with Chinese Company

Eric Burk

Governor Glenn Youngkin blocked Virginia from consideration for a battery plant to supply Ford Motor Company amid concerns about the technology supplied by a Chinese company, he told reporters on Wednesday.

In a press gaggle, Youngkin criticized a clean energy push that relied on technology “owned and dominated by the Chinese.”

“Well, we in fact felt that the recent efforts to put forward a Ford plant that would house Chinese technology to build the batteries was in fact representative of that. And that we felt the right thing to do was to not recruit Ford as a front for China to America. Let’s develop our own technology,” Youngkin said after his State of the Commonwealth speech.

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Site Selection Magazine: Virginia Top State for Business Climate

Eric Burk

Site Selection Magazine says Virginia is the top state in its business climate ranking, beating out Georgia, Texas, North Carolina, and Arizona for the top spot. Although the commonwealth only ranked 11th in a survey of executives, one of the indicators in the index, it performed well in the other…

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Virginia Finished Fiscal Year 2022 with $1.94 Billion Surplus

Eric Burk

Virginia’s Fiscal Year 2022 General Fund revenues finished with a $1.94 billion surplus, after finishing Fiscal Year 2021 with a $2.6 billion surplus, the largest in Virginia’s history.

“While I am pleased that our additional revenue can be reinvested in Virginia, the Commonwealth’s general fund revenue surplus confirms that Virginians have been overtaxed for way too long,” Governor Glenn Youngkin said in a Thursday evening announcement of the 2022 surplus.

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Youngkin, Kaine, Warner, and Beyer Celebrate Boeing’s Relocating Global Headquarters to Virginia, Partnership with Virginia Tech

Eric Burk

Governor Glenn Youngkin, Senators Tim Kaine (D-VA) and Mark Warner (D-VA), and Representative Don Beyer (D-VA-08) spoke at a Monday ceremony celebrating Boeing’s relocating its headquarters to Arlington and its partnership with Virginia Tech’s Innovation Campus in Arlington.

Youngkin said that when Boeing announced its move to Virginia in May, “I was particularly proud because when we went to work on January 15, we talked about Virginia being open for business. We talked about Virginia raising standards and expectations and education. We talked about Virginia being the best place for our veterans to live and work and raise a family.”

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Raytheon Moving Headquarters to Virginia

Eric Burk

Raytheon Technologies is moving its global headquarters to Arlington, Virginia, the company announced Tuesday.

“The location increases agility in supporting U.S. government and commercial aerospace customers and serves to reinforce partnerships that will progress innovative technologies to advance the industry. Washington, D.C. serves as a convenient travel hub for the company’s global customers and employees,” a press release states.

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After Bad Fiscal Year 2022 First Quarter Report Boeing Announces Plan to Move Headquarters to Arlington

Eric Burk

Boeing is moving its global headquarters to its campus in Arlington, and plans to develop a research and technology center to focus on areas including cyber security, autonomous operations, and software and systems engineering.

“We are excited to build on our foundation here in Northern Virginia. The region makes strategic sense for our global headquarters given its proximity to our customers and stakeholders, and its access to world-class engineering and technical talent,” Boeing CEO Dave Calhoun said in the Thursday announcement.

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Problems Continue for Boeing With 787s and 737 MAXes

The Center Square

The Federal Aviation Administration on Tuesday announced it would retain sole authority to issue airworthiness certificates and perform any final inspections on Boeing’s 787 Dreamliner aircraft.

Meanwhile, two members of Congress, including Rep. Rick Larsen, D-Everett, have asked for an investigation into why the FAA decided not to penalize Boeing for fatal crashes involving its 737 MAX.

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Boeing Suspends Vaccine Mandate for Employees

The Center Square

Boeing Friday said it has suspended its requirement that U.S.-based employees be fully vaccinated or face losing their jobs.

The announcement comes as several attempts by President Joe Biden to require vaccinations for workers in various settings have been blocked by courts in recent weeks.

“Boeing is committed to maintaining a safe working environment for our customers, and advancing the health and safety of our global workforce,” a company spokesperson told KOMO News. “As such, we continue to encourage our employees to get vaccinated and get a booster if they have not done so. Meanwhile, after careful review, Boeing has suspended its vaccine requirement in line with a federal court’s decision prohibiting the enforcement of the federal contractor executive order and a number of state laws.”

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Boeing Suspends Vaccine Mandate for Employees

The Center Square

Boeing Friday said it has suspended its requirement that U.S.-based employees be fully vaccinated or face losing their jobs.

The announcement comes as several attempts by President Joe Biden to require vaccinations for workers in various settings have been blocked by courts in recent weeks.

“Boeing is committed to maintaining a safe working environment for our customers, and advancing the health and safety of our global workforce,” a company spokesperson told KOMO News. “As such, we continue to encourage our employees to get vaccinated and get a booster if they have not done so. Meanwhile, after careful review, Boeing has suspended its vaccine requirement in line with a federal court’s decision prohibiting the enforcement of the federal contractor executive order and a number of state laws.”

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Biden’s Air Force Opens Strategic Tanker Contract to Airbus Less Than a Year After $4B DOJ Sanction for Hiding China Ties

Neil W. McCabe

President Joseph R. Biden Jr.’s administration opened up a significant chunk of a new Air Force tanker contract to the Leiden, Netherlands, based Airbus less than a year after the company paid a nearly $4 billion fine for corruption and despite its history of technology transfers to China.

“Airbus engaged in a multi-year and massive scheme to corruptly enhance its business interests by paying bribes in China and other countries and concealing those bribes,” said Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division in a statement released at the end of January.

“This coordinated resolution was possible thanks to the dedicated efforts of our foreign partners at the Serious Fraud Office in the United Kingdom and the PNF in France,” Benczkowski said.

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Boeing Cuts Thousands of Jobs, Prepares for Air Travel Slow Down Amidst Coronavirus Surge

Virginia Star Staff

American aerospace giant Boeing announced a fresh round of job cuts during its earnings call on Wednesday morning as coronavirus cases continued to surge worldwide.

Boeing said it would cut 7,000 jobs by the end of 2021, according to The Wall Street Journal. The job cut, the latest in a series of coronavirus-related cuts, would take the company to 130,000 employees after starting 2020 with 160,000.

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Boeing Says Pandemic Will Cut Demand for Planes for a Decade

The Associated Press

Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel.

The company on Tuesday predicted that the world will need 18,350 new commercial airplanes in the next decade, a drop of 11% from its 2019 forecast. The value of that market will slide by about $200 billion from last year’s forecast, to $2.9 trillion.

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