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Boeing Co

Boeing Co (BA)

179.84
-2.69
(-1.47%)
Closed March 18 04:00PM
179.60
-0.24
( -0.13% )
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shajandr shajandr 1 hour ago
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bar1080 bar1080 11 hours ago
IHUB's desperate. Trying anything. We're seeing its last days. No one's interested in penny stocks. Large cap blue chips have outperformed for years.
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Jetmek_03052 Jetmek_03052 13 hours ago
And you get marvelous emoticons from an iHub member who has never even posted on the Boeing board (that I can see anyways)!

Where DO these bozo's come from???
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bar1080 bar1080 15 hours ago
My son, a Boeing design engineer, just flew !900 miles on a 737 Max 800. He said his flight was packed. There were no problems.
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DiscoverGold DiscoverGold 16 hours ago
Politicians Are Dumping Boeing Stock, Should You?
By: Barchart | March 18, 2024

The Boeing Company BA is one of two major jet producers worldwide, effectively forming a duopoly with Airbus (AIR.FP) - but after another string of incidents involving Boeing's 737 Max fleet, previously grounded for two years over safety concerns due to fatal crashes, investors seem to be losing confidence in this industry titan. While analysts continue to back their bullish ratings on BA stock, here's a closer look at the latest troubles for Boeing, and the politicians who are dumping the blue chip stock.

What's Going On with Boeing Stock?

In early January, Boeing made headlines for all the wrong reasons when the panel blew out of one of its jets mid-flight - an issue that has since been traced back to missing bolts on a door plug. The Department of Justice (DoJ) has now opened a criminal probe into the Alaska Air Group
ALK flight, in part to determine whether Boeing complied with the settlement of a prior investigation into its 737 Max fleet. Previously, the fleet was grounded for two years after a pair of deadly crashes in 2018 and 2019 that left 346 people dead.

Against this backdrop, BA is one of the worst-performing stocks of 2024 among S&P 500 Index SPX components, down more than 31% since the start of the year.



Following the decline, BA is now valued at 1.25x forward sales - a discount to the industrial sector median of 1.46, as well as its own five-year average of 1.67. However, value-minded investors may want to proceed with caution before scooping up the beleaguered blue-chip stock on the current pullback.

Bipartisan Boeing Stock Sales in Congress

Amid news of the DoJ probe into Boeing, it's worth noting that members of Congress have been dumping shares of Boeing, according to recent disclosures - and the selling has been bipartisan in nature.

On Jan. 9, just days after the Alaska Air flight, Rep. Blake Moore (R-Utah) sold BA shares worth up to $15,000, according to Quiver Quantitative data. The Republican sits on the House Budget and Ways & Means Committees.

More recently, on Feb. 28, Rep. Bill Keating (D-Mass.) sold Boeing shares worth up to $15,000. The blue-state representative is a member of the Armed Services and Foreign Affairs Committees.

Inside Boeing's Financials

Along with the new crop of 737 Max safety concerns, Boeing's lack of profitability is another point of concern. Over the past 16 quarters, Boeing has reported profits only once (Q2 2021). Revenues have declined significantly, too, falling from $101 billion in fiscal year 2018 to $77.8 billion in fiscal 2023.

Results for the recently completed Q4 of fiscal 2023, however, surpassed Wall Street's expectations. Boeing reported a Q4 loss of $0.47 per share, which was much improved from the previous year's loss of $1.75 per share, and topped the consensus estimate for a loss of $0.72 per share. Likewise, revenues climbed by 10% to a stronger-than-forecast $22.2 billion.

Free cash flow of $2.95 billion also exceeded the consensus estimate, and 2023 free cash flow of $4.43 billion landed toward the high end of the company's targeted range. Boeing expects to reach free cash flow of $10 billion by 2025-26 - but declined to offer a financial forecast for 2024, with CEO Dave Calhoun asserting that quality is the focus right now.

What Do Analysts Expect for BA Stock?

Despite the serious issues at Boeing, analysts have yet to abandon the stock - perhaps because, along with Airbus, Boeing accounts for roughly 99% of all orders for large aircraft. Moreover, according to market research firm Statista, the global aerospace services market is expected to reach more than $3.6 trillion by 2041.

While the consensus rating on Boeing has dropped from a “Strong Buy” to a “Moderate Buy” over the past month, Goldman Sachs is one of the more prominent firms to back its bullish view on BA. In late January, analyst Noah Poponak upped his price target on the aerospace giant to $268, which implies expected upside of 48.9% to current levels.

Overall, analysts are cautiously optimistic about Boeing stock. Out of 21 analysts covering the shares, 14 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, and 6 have a “Hold” rating.” The mean target price is $266.22, which denotes an upside potential of about 48% from current levels.



Read Full Story »»»

DiscoverGold
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Porgie Tirebiter Porgie Tirebiter 18 hours ago
These stories create some really great put writing opportunities!
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Agoura Guy Agoura Guy 18 hours ago
BA $178.2675 -4.26 (-2.34%) ....CRASHING!!!!!!!!

WHAT A POS!!!!

THAT'S WHAT HAPPENS WHEN EX-STARBUCKS EMPLOYEES ARE HIRED TO BUILD PLANES!!!!!!!!


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Agoura Guy Agoura Guy 2 days ago
FROM $267 DOWN TO $182 BOEING'S GROSSLY INCOMPETENT MANAGEMENT IS MAKING SHORT SELLERS MONEY!!!!!!

YES INDEED!!!!!!!!!

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Agoura Guy Agoura Guy 2 days ago
SMUG BAGHOLDERS ARE IN DENIAL BOEING HAS MAJOR PROBLEMS!!!!!!!!!

THIS TAINTED STOCK IS GOING ***LOWER***!!!!!!!

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Agoura Guy Agoura Guy 2 days ago
"Boeing Whistleblower Found Shot Dead: “If Anything Happens To Me, It’s Not Suicide.’"

WHAT DIRTY SECRETS WERE JOHN BERNET ABOUT TO REVEAL ABOUT THE FLAWED DREAMLINER??????

THE PUBLIC HAS A RIGHT TO KNOW ABOUT SERIOUS SAFETY ISSUES THAT COULD EFFECT THEIR LIVES!!!!!!!

THESE STRANGE EVENTS SURROUNDING BOEING IS ENOUGH TO DETER ANYONE FROM FLYING ON THESE UNSAFE PLANES!!!!!!!!

PUBLIC DISTRUST IN BOEING IS REFLECTED IN ITS DECLINING STOCK PRICE!!!!!!

A BA PRICE DECLINE TO $120 PER SHARE IS NOT UNREASONABLE TO EXPECT UNDER THE CIRCUMSTANCES!!!!!!


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Jetmek_03052 Jetmek_03052 3 days ago
Thanks, although I'm sure I will be unmercifully attacked for the post by certain contributors here.

I agree about the seat stops. It's hard to believe that some sort of "switch" or latch on the seat controls would allow such an extreme forward movement as to jam the pilot into the control yoke.

It certainly seems like the majority of these incidents have been caused by the UAL maintenance and pilot group. Scott Kirby (UAL CEO) once again shot his mouth off and should have kept it shut.

Still, that plug door F/U never should have happened. Now that all the evidence in, it is clear that Boeing was indeed responsible for that one. I hope they fired everyone responsible for it and cut their *alls off. They lucked out that the incident happened at the altitude it did, and that no one was sitting in that seat adjacent to it. Still though...Alaska airlines. MMmmmm. I'd like to see what they did to xshoot all the supposed squawks they got in regard to the pressurization system problems that aircraft continually had. And was it an accident that no one was seated next to that fuselage plug, and that that particular aircraft was apparently forbidden to fly ocean routes? Accidents usually happen after a series of mistakes are made. I wonder if Alaska Air didn't try hard enough to find those pressurization anomalies.

We will probably never be allowed to see behind the scenes.

It is inconceivable to me that Boeing could have had anything to do with the death of that whistleblower, but certainly not impossible. I eagerly await the continued investigation of it.
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shajandr shajandr 3 days ago
https://www.msn.com/en-us/money/other/boeing-737-max-engine-issue-will-take-up-to-a-year-to-fix-company-says/ar-BB1jYCNk

https://www.seattletimes.com/business/boeing-criminal-inquiry-expands-with-subpoenas-and-grand-jury/

https://www.msn.com/en-us/money/companies/boeing-stock-descends-to-new-lows-with-more-turbulence-ahead-after-latest-incident/ss-BB1k0b2e?cvid=0f407cea2da449e0a66d9b25c14608d2&ei=24
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Porgie Tirebiter Porgie Tirebiter 3 days ago
That really is an excellent post. It's United's Maintenance & Operations that need the scrutiny. Interesting that BA is suffering the share price decline instead of UAL since this latest series of mishaps began. Maybe that shows how smart the pundits aren't?

Did that 737 gear actually collapse in Houston, or did it just sink in the mud when the pilot missed the turn off the runway. That one was straight up pilot error.

And the LATAM "nose diving" being caused by a pilot's seat movement? There are hard stops that are supposed to be in place to limit the range of seat movement, whether the seat is moved electrically or manually. Those stops are often removed during maintenance to facilitate seat removal. Not saying that's what happened, but the first thing I would look at would be the presence (or lack of) those hard seat stops.
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Jetmek_03052 Jetmek_03052 3 days ago
I laugh at most of the posts here. Does Boeing have some quality control issues to address? Yes, it certainly looks as if they are still fighting those issues. But other than the issue with the door plug - an incident in which I might add where there were no fatalities (thank the Good Lord) and no serious injuries?

EVERY SINGLE item that has been highlighted here since that door plug issue can be DIRECTLY blamed on issues with the specific airline maintaining the aircraft, a parts failure (which cannot be anticipated on parts that do not have life limitations) or pilot error.

1. Windshield failure (a somewhat common occurrence). - Parts Issue

2. Flames seen trailing from an engine - caused by an inspection plug which was left off a boroscope inspection port. - Maintenance issue.

3. Hard landings, Landing overshoots. - Pilot Error.

4. Fuel seen coming out from a wheel well - actually re-identified as a hydraulic leak. Almost certainly a maintenance or parts issue (line left loose or possibly a reservoir filler cap left loose?), or a parts failure due to a line splitting or being hit by a foreign object during takeoff.

5. Landing gear collapse on one side. Pilot error - after landing, he taxied into the area adjacent to the taxi way. Gear became stuck and collapsed.

6. Sudden drop in altitude. - Now being reported as the Flight attendant inadvertently actuating some sort of switch located in the cockpit, that forced the pilot into the flight controls. This is what caused the aircraft to descend violently.

So. Almost EVERY incident cited here (other than the door plug issue) was not caused by Boeing or the build process of any Boeing aircraft.

Many here are so very quick to point out these incidents as Boeings fault, when in reality? 90% of the time, Boeing is not at fault at all. And most of you are unwilling to wait for investigation results and the REAL story to come out, when these incidents occur.
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Agoura Guy Agoura Guy 3 days ago
BOEING NEEDS TO REPLACE ITS ENTIRE BOD AND FIRE ITS EXECUTIVES, THEY ARE CLEARLY INCOMPETENT AND ARE DESTROYING SHAREHOLDER VALUE!!!!!!!!!!

THEY ARE PUSHING SOME OTHER AGENDA THAN FOR THE BENEFIT OF THE COMPANY!!!!!!!!!

IN FACT, THEY SHOULD BE SUED FOR DAMAGES!!!!!!!!!!

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Agoura Guy Agoura Guy 3 days ago
BOEING IS AN EXCELLENT SHORT.... THESE CLOWNS ARE SELF DESTRUCTING!!!!!!!!


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shajandr shajandr 3 days ago
737 800 news: https://www.cnbc.com/2024/03/15/united-flight-from-sfo-missing-external-panel-after-landing-in-oregon.html
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shajandr shajandr 3 days ago
https://www.msn.com/en-us/travel/news/after-787-dive-boeing-alerts-airlines-to-issue-with-pilot-seat-switches/ar-BB1jYtQ2

https://www.msn.com/en-us/travel/news/boeing-777-makes-emergency-landing-after-fuel-leaks-in-fifth-safety-incident-in-a-week/ar-BB1jOE3e
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CorporateDick CorporateDick 3 days ago
Makes me think of the movie Airplane and the smile on the inflatable auto pilot.
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CorporateDick CorporateDick 3 days ago
…However, the terrifying drop was likely a mishap in the cockpit and not a flaw with the plane itself, The Wall Street Journal reported Friday.

The report comes days after a packed 787 Dreamliner took a nosedive during a trip from Sydney, Australia to Auckland, New Zealand. Latam Airlines Flight LA800 was about an hour away from its destination Monday when “all of a sudden, the plane just dropped out of the sky,” passenger Brian Jokat told New Zealand news outlet Stuff.

Unnamed U.S. industry officials briefed on a preliminary investigation into the incident told the Journal that a flight attendant serving a meal accidentally bumped a switch on the pilot’s seat, knocking the pilot into the controls and forcing the plane to take a plunge.
https://www.yahoo.com/news/boeing-787-nosedive-caused-flight-223200715.html?


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Agoura Guy Agoura Guy 3 days ago
"Boeing 737 With 139 Passengers Loses External Panel Mid-Air"!!!!!!!!!!

WHERE IS BOEING FINDING ITS WORKERS??????


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Agoura Guy Agoura Guy 3 days ago
BOEING COULD GO BANKRUPT AFTER THEY ARE SUED FOR NEGLIGENCE!!!!!!!!!!!

SELL THIS TOXIC STOCK BEFORE ITS TOO LATE!!!!!!!!!!

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DiscoverGold DiscoverGold 4 days ago
Boeing’s problems could soon become your problem
By: CNN news | March 15, 2024

Boeing’s problems aren’t just Boeing’s. They also could spell trouble for your wallet and the broader US economy.

One of America’s biggest manufacturers is dealing with some serious production, quality and safety problems that worsened this week after a 787 Dreamliner plunged suddenly mid-flight, injuring dozens of passengers. It’s not yet clear whether Boeing was to blame, but it came at a horrible time for a company grappling with some severe damage to its already-battered reputation.

Boeing’s crisis could result in more expensive airfares and weaker economic growth, economists say.

The aircraft manufacturer is a massive company with a workforce of more than 140,000 employees around the world, generating tens of billions in revenue each quarter as one of two global players in the production of planes, the other being Airbus.

Boeing’s production alone represents a significant part of America’s economy. But the country – and the world – relies on its planes for travel, business, deliveries and jobs.

Delays in deliveries, which Boeing and several airlines expect as it undergoes an intensive federal investigation of its manufacturing processes, could reduce the number of planes available to Americans and cut into all those economy-boosting benefits its normally provides.

More expensive airfares

Boeing’s mid-flight disasters, most notably an Alaska Airlines 737 Max door plug that blew off the side of the plane shortly after takeoff, clearly mean the company has issues to address.

Boeing has already slowed down production of its popular 737 Max jets as regulators scrutinize the company’s practices, which has already led to fewer flights being scheduled as airlines brace for snags in deliveries. The sharp 6.1% drop in new orders for durable goods in January was largely due to fewer order for Boeing jets.

Boeing reported this week that it shipped a meager 17 Max jets in February, which was half as much the company shipped in December. Southwest and United earlier this week said they expect Boeing to ship them fewer planes than they planned on receiving, so they’ll hire fewer pilots.

Fewer jets could also push up airfares.

“Less supply of airplanes coming online means there’s going to be more demand for flying than capacity is able to fulfill, so that keeps upward pressure on airfares, all else equal,” Kathy Bostjancic, chief economist at Nationwide, told CNN. “We have already seen airfares jump the last few months and it was up 3.6% in February.”

Boeing’s need to address its problems means it likely won’t cut back on hiring, even if demand for its planes weakens.

“I don’t see them trimming labor at a time of serious quality concerns and if anything, Boeing might try to hire more to get the quality issues right,” José Torres, senior economist at Interactive Brokers, told CNN.

Higher labor costs would mean Boeing loses even more money, plunging the company into an even deeper financial hole. That would inflict even further damage to Boeing’s already-beaten down stock price.

Weaker US economic growth and a boon for Airbus

When regulators believed Boeing would halt production of the 737 Max jet in January 2020, after two fatal incidents in 2019 and the subsequent grounding of those jets that year, the New York Fed estimated that the production shutdown could shave 0.4% from US gross domestic product in 2020, the broadest measure of economic output. (Boeing continued to build the 737 Max throughout the crisis).

Then, of course, the pandemic happened, which dealt an even tougher blow to the company, resulting in nearly $12 billion in losses that year.

The New York Fed analysis stated that “Boeing is a large firm that is highly integrated in the domestic production network” and that production stoppages can “have significant effects on the macroeconomy.”

Since Boeing is the single largest US exporter, weaker demand for its planes would means fewer exports, which contribute to GDP growth if they exceed imports — known as “net exports.”

Boeing hasn’t announced that it will stop producing any of its aircraft outright, but its plans to increase production of the 737 Max are on hold as the Federal Aviation Administration awaits for the company’s plan on how to end its continued quality issues.

And Boeing’s years of problems have led to success for its French rival Airbus, which has overtaken Boeing as the world’s largest aircraft manufacturer.

It’s not easy for airlines to switch manufacturers overnight, but the trend is clearly pointing in Airbus’ favor, and if US imports of Airbus planes for domestic carriers pick up as Boeing indeed suffers weaker demand, that would then weigh on America’s GDP.

“The declining demand of plane orders by airlines for Boeing aircrafts might just get directed towards Airbus instead, and doesn’t just disappear,” Lisa Simon, chief economist at Revelio Labs, wrote in a statement to CNN.

She added that “this whole fiasco absolutely will likely have adverse effects on the aircraft manufacturing sector in the US” and that it would be “good for the European market.”

Read Full Story »»»

DiscoverGold
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shajandr shajandr 4 days ago
https://nypost.com/2024/03/15/us-news/boeing-whistleblower-john-barnett-made-powerful-enemies-before-alleged-suicide-workers-warn/

https://metro.co.uk/2024/03/15/boeing-whistleblower-john-barnetts-chilling-prediction-death-20469333/
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Agoura Guy Agoura Guy 4 days ago
OCTOBER 12, 2021: "Boeing will require its 125,000 U.S. employees to be vaccinated against COVID-19"

NOW BOEING IS SHORT OF SKILLED WORKERS...... DO YOU THINK POSSIBLY THERE IS A LINK??????????

.... JUST POSSIBLY????????????

BOEING'S STOCK PRICE CONTINUES TO FALL!!!!!!!!!


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Agoura Guy Agoura Guy 4 days ago
BOEING SHOULD BE SUED AND FINED FOR HIRING UNQUALIFIED WORKERS!!!!!!!

MANAGEMENT SHOULD BE HELD LIABLE!!!!!!!!

CRIMINAL NEGLIGENCE!!!!!!

PUBLIC TRUST IN BOEING IS BEING DESTROYED AND NOW ITS STOCK PRICE IS SUFFERING AS A RESULT!!!!!!!!!


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Agoura Guy Agoura Guy 4 days ago
DEI POLICY IS VERY BAD FOR THE AVIATION INDUSTRY!!!!!!!!!!!

BOEING IS PROVING THIS!!!!!!!!!


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Agoura Guy Agoura Guy 5 days ago
SO WHAT HAPPENED TO BOEING'S LONG TIME EXPERIENCED SKILLED WORKERS?????

DOES ANYONE KNOW??????

REMEMBER THIS:

"Boeing will require its 125,000 U.S. employees to be vaccinated against COVID-19"

https://www.reuters.com/business/aerospace-defense/boeing-will-require-its-125000-us-employees-be-vaccinated-against-covid-19-2021-10-12/

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DiscoverGold DiscoverGold 5 days ago
Boeing's Jet Production's Indirect Approval May Be Halted if Needed, European Regulator Says
By: Market Chatter | March 14, 2024

Boeing's BA jet production's indirect approval may be halted by the European Union Aviation Safety Agency if needed, Reuters reported Wednesday, citing Luc Tytgat, the regulator's acting executive director.

"All the tools must be implementable as soon as we see the justification or situation that requires us to take appropriate measures," Reuters quoted Tytgat as saying in an interview.

The decision may come if "more fatal accidents" take place in the future, however, there is no immediate threat to the planemaker's production certification, the report added, citing Tytgat.

Boeing declined MT Newswires' request for comment.

DiscoverGold
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DiscoverGold DiscoverGold 5 days ago
'Short Sell' Boeing, Some Redditors Say But For Others It's 'Time To Buy'
By: Benzinga | March 14, 2024

Lately, there’s been a lot of complexity and controversy surrounding aerospace giant Boeing Co BA due to safety concerns.

Recent discussions on the r/stocks subreddit, sparked by user KDI777’s post titled “Short Sell Boeing,” shed light on the multifaceted landscape that Boeing investors find themselves navigating.

Short Sell Boeing

byu/KDI777 instocks

Shareholder Interest At The Expense Of Passenger Safety

KDI777’s call to start shorting and selling Boeing stock resonated with many, citing concerns that the company prioritizes shareholder interests at the expense of passenger safety.

The sentiment is stark: “They compromise their passengers for the benefit of their stockholders.” This accusation strikes at the heart of a company that has long been regarded as a cornerstone of the aerospace industry.

However, responses from fellow Redditors provide a nuanced perspective on Boeing’s financial performance and strategic importance.

User get_MEAN_yall points out that Boeing’s stock hasn’t been a stellar performer, suggesting that the alleged prioritization of shareholders hasn’t necessarily translated into strong returns. Meanwhile, rub3s highlights the enduring presence of Boeing in the industry, indicating that despite its recent struggles, the company remains a formidable player.

Yet, concerns persist.

Boeing Financial Health Raises Eyebrows

Key-Tie2542 delves into Boeing’s financials, revealing a troubling picture of negative book value, negative earnings, and substantial debt. Despite its critical role in national security and its close ties to government agencies, Boeing’s financial health raises eyebrows among investors.

BlueCollar-Bachelor brings attention to Boeing’s involvement in military contracts, emphasizing its strategic importance beyond commercial aviation. This dual role as a defense contractor adds another layer of complexity to Boeing’s financial outlook, with certain aspects of its operations classified for national security reasons.

Strategic Significance Lends Resilience

User jlawso21 offers a sobering reminder of Boeing’s resilience despite its challenges. As one of only two major players in the airliner market – the other being Airbus SE – Boeing holds a unique position that extends far beyond financial metrics. Its strategic significance for both the economy and national defense underscores its enduring presence in the market.

The discourse surrounding Boeing on r/stocks reflects the intricate balance investors must strike between financial considerations, ethical concerns, and geopolitical realities.

While short-term strategies may hold appeal for some, the long-term outlook for Boeing remains intertwined with broader industry dynamics and global security imperatives. As investors weigh their options, they must navigate these complexities with caution and foresight, recognizing that the skies ahead may be turbulent, but opportunities for growth and stability still abound.

DiscoverGold
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Agoura Guy Agoura Guy 5 days ago
"Boeing "Overwrote" Camera Footage Of Work On MAX Jet Door That Blew Out, Can Not Identify Employee Who Worked On It"

Just when you thought it couldn't get any more bizarre or surreal, the Boeing story did just that.

As previously reported, the aerospace giant has been under regulatory scrutiny following a string of safety-related incidents since the beginning of the year (really, since 2019 when two of its 737 MAXes fell out of the sky like overpriced deadly paperweight, but let's just skip to the latest snafu), starting with a door blowing off a flight and continuing with multiple other incidents, including a cracked cockpit window, bolts missing on a wing, various wheels falling off during takeoff in at least two incidents and several engine fires/failures.

And as the pressure ratchets up on Boeing, it's becoming increasingly obvious that management is running the same type of interference it did during the infamous MCAS scandal and ensuing cover-up attempt which cost former CEO Muilenburg his job. Sure enough, on Wednesday we learned that Boeing - in a pure coincidence that Jeffrey Epstein would approve of - "overwrote", i.e. deleted, security camera footage showing work being done on a door that blew out on the Alaska Airlines MAX jet in January.

It's not just the footage however: NTSB Chair Jennifer Homendy said it is unclear "who performed the work to open, reinstall, and close the door plug on the accident aircraft," as Boeing is "unable to find the records documenting this work." In Homendy's letter, she writes that despite requests to Boeing and interviews at the Renton, Washington factory where the panel was removed, the identity of the crew member that worked on the panel remains unknown and has would be unable to "provide a statement or interview to NTSB due to medical issues."

It gets crazier: in her letter, NTSB Chair Jennifer Homendy said she directly appealed to Boeing CEO Dave Calhoun for information on who worked on the faulty door plug, expressing frustration over Boeing's claim of missing records and security footage. Even then, Boeing merely stonewalled and said it was "unable to provide that information and maintained that Boeing has no records of the work being performed."

Finally, the epic culmination - at least so far - of the shitstorm that has engulfed Boeing, we noted yesterday that a key whistleblower, a former quality control manager at the company who raised concerns about the firm's production standards, was found dead from an apparent suicide.

John Barnett, a former veteran Boeing employee of 32 years, passed away from a self-inflicted wound on March 9, the BBC reported on Monday evening. Barnett was involved in a whistleblower lawsuit against Boeing, alleging serious safety concerns at the North Charleston plant, where he managed quality for the 787 Dreamliner production. Boeing was in Charleston for legal interviews related to the lawsuit when he was found dead.

He claimed the push for speed compromised safety, with sub-standard parts being used and a significant failure rate in emergency oxygen systems. Despite raising these issues, he felt his concerns were disregarded, leading to legal action against Boeing, alleging career damage due to his whistleblowing.

Meanwhile, what would a catastrophe in a company near and dear to the government - and of course, the deep state - be without questionable trading surrounding the incident in Congress? In filings reported on Wednesday, it was revealed that Congressman William R. Keating sold somewhere between $1,001 and $15,000 worth of Boeing shares on February 28.

He's the latest Congress critter to have "excellent timing" when it comes to stock trades: while it isn't Fed Governor Raphael Bostic selling massive S&P futures lots ahead of Fed minutes dropping, the sale took place the day before it was announced that the DOJ was investigating Boeing. Recall, on February 29, Bloomberg wrote that the DOJ was "looking into" the Boeing door plug blowout that took place earlier that month. Since his sale, Boeing's stock value has tumbled by about 11%.

In any case, between Barnett who "suicided" himself, and now the video footage which also also apparently was "accidentally" snuffed out, we wonder just who is next on the Epstein escalator of "not suiciding themselves" at Boeing?


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DiscoverGold DiscoverGold 5 days ago
Congressman Keating sold Boeing $BA stock the same day/day before it was reported that DOJ was investigating Boeing. TheJusticeDept please also investigate if this trade was made on non-public information, given USRepKeating sits on the Armed Services Committee.
By: congresstrading | March 13, 2024

• Congressman Keating sold Boeing $BA stock the same day/day before it was reported that DOJ was investigating Boeing. @TheJusticeDept
please also investigate if this trade was made on non-public information, given @USRepKeating
sits on the Armed Services Committee.



Read Full Story »»»

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DiscoverGold DiscoverGold 6 days ago
Boeing $BA with an absolutely horrendous 2024 so far! Down almost 30% year-to-date
By: Barchart | March 13, 2024

• Boeing $BA with an absolutely horrendous 2024 so far! Down almost 30% year-to-date.



Read Full Story »»»

DiscoverGold
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Nikodemos Nikodemos 6 days ago
One of my FAVORITE SHORTS since these bonehead decided to STRIP the company of COMPETENT ENGINEERS, qualified-labor, etc., it has been NOTHING BUT headaches & one disaster after another!! I'm EXPECTING these morons to GET PUNISHED BACK DOWN to $150/share -- & believe the PROBABILITY for another disaster is relatively high!! Meaning, they are going to SIMPLY HELP make that happen once again!! Covid could have been the reason for the final BREAK DOWN but these guys have learned NOTHING about their pre-Covid mistakes & KEEP MAKING THEM!!

Quality control out-the-window as they lose market share, credibility & DECADES of RESPECT!! Congrats Boeing. Why am I NOT SHOCKED that you're back in the news ON THE REGULAR in the worst of ways. Company has clearly lost its way *(& DNA).
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shajandr shajandr 6 days ago
https://www.dailymail.co.uk/news/article-13190091/United-Boeing-jet-bound-San-Francisco-forced-landing.html
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Agoura Guy Agoura Guy 6 days ago
Lawyers For Boeing Whistleblower Found Dead in His Car as He Was About to Testify Against Aviation Giant Question Suicide Claim

A suicide note was reportedly found next to Boeing whistleblower John Barnett, however, his lawyers are questioning whether he took his own life.

Boeing whistleblower John Barnett was found dead from a self-inflicted wound inside his vehicle outside a hotel in Charleston, South Carolina days after testifying against the airplane company.

John Barnett was found dead on March 9. He worked for Boeing for 32 years until he retired in 2017.

“Barnett’s death came during a break in depositions in a whistleblower retaliation suit, where he alleged under-pressure workers were deliberately fitting sub-standard parts to aircraft on the assembly line.” the Daily Mail reported.

Charleston police are investigating after Barnett was found in his truck “suffering from a gunshot wound to the head.”

According to the Daily Mail, Barnett was reportedly found with a ‘silver handgun’ in his hand and his finger on the trigger. A suicide note was also found on the passenger side of the vehicle.

The contents of the note were not released.

Barnett’s lawyers are asking for a thorough probe because they don’t believe he committed suicide.

“John was in the midst of a deposition in his whistleblower case, which finally was nearing the end,” Barnett’s lawyers said, according to The New York Post. “He was in very good spirits and really looking forward to putting this phase of his life behind him and moving on.”

The New York Post reported:

Lawyers for a Boeing whistleblower found dead on the day he was due to testify against the jetliner giant are questioning that he killed himself in a South Carolina parking lot — and calling for an investigation.

“We need more information about what happened to John,” attorneys Robert Turkewitz and Brian Knowles, who represent former Boeing manager John Barnett, said in a statement Tuesday. “The Charleston police need to investigate this fully and accurately and tell the public.

“We didn’t see any indication he would take his own life,” they added. “No one can believe it.”

“No detail can be left unturned.”

Barnett, 62, was due in court for further testimony in a bombshell lawsuit against the company when he was found dead, with the Charleston County coroner ruling the cause as a “self-inflicted” wound.

Barnett was a quality control engineer who worked for the airline for more than three decades before he retired in 2017 — and two years later told the BBC that Boeing cut corners by rushing to get its 787 Dreamliner jets off the production line and into service.

Turkewitz and Knowles said he was also “in very good spirits” as he prepared to give a deposition against the company on Monday.

Barnett came forward with concerns about defective parts and serious problems with the oxygen masks.

The whistleblower told BBC that “sub-standard parts had even been removed from scrap bins and fitted to planes that were being built to prevent delays on the production line.”

“He also claimed that tests on emergency oxygen systems due to be fitted to the 787 showed a failure rate of 25%, meaning that one in four could fail to deploy in a real-life emergency.” – BBC reported.

Barnett’s apparent suicide comes after several Boeing planes have been grounded due to major issues with the aircraft’s construction.

A United Airlines Boeing 737 Max 8 suffered gear failure last Friday and crashed off the runway at Houston’s George Bush Intercontinental Airport.

Friday’s gear failure comes one day after a United Airlines Boeing 777 plane was forced to make an emergency landing after it lost a tire during takeoff.

The United plane was taking off from San Francisco when one of the six tires detached from the aircraft and damaged several cars in the parking lot. The flight was diverted to LAX where it safely landed.

In January a large piece of an Alaska Airlines Boeing 737 MAX blew out in mid-air.

The plane door flew off amid Boeing’s focus on Diversity, Equity and Inclusion (DEI) hiring practices over a passenger’s safety.


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usaphilippines usaphilippines 6 days ago
Anyone that believes it was suicide watches way too much fake news. Boeing needs to be thoroughly investigated and shorted into the ground. Short this POS to 50b market cap
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usaphilippines usaphilippines 6 days ago
BA needs to be shorted to $150 or under. Murdering whistleblowers they made a statement any more whistleblowers will be found with "self inflicted" gunshot wounds.

This shit company needs to get their "shit" together
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Vettelover98 Vettelover98 6 days ago
Wow… 265 one day… and now this. Any chance it’ll go back up?
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Bull_Dolphin Bull_Dolphin 6 days ago
So it's BS that he shot himself in the back of the head, right?
C'mon, you can say it. It's ok.
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Agoura Guy Agoura Guy 6 days ago
John Barnett, who worked for Boeing for more than three decades before blowing the whistle on the aircraft maker’s allegedly questionable safety standards, was found dead in his car in South Carolina.

Barnett, 62, was supposed to be in a deposition Saturday to answer questions related to a lawsuit against his former employer when he failed to show up to the meeting. His legal team tried to reach him by phone to no avail, until they contacted the hotel where Barnett was staying.

He was found dead in his truck in the hotel parking lot.

The Charleston County Coroner’s Office told local media that it appears Barnett died from a self-inflicted wound. The Charleston Police Department is investigating his death.

Barnett, originally from Louisiana, was in Charleston for legal interviews related to his case against Boeing, in which he argued that his former employer retaliated against him for raising concerns about the safety of the airplanes produced at its Charleston manufacturing plant.

“Today is a tragic day,” Brian Knowles, Barnett’s lawyer, wrote in an email to Corporate Crime Reporter. “John had been back and forth for quite some time getting prepared. The defense examined him for their allowed seven hours under the rules on Thursday. I cross examined him all day yesterday (Friday) and did not finish. We agreed to continue this morning (Saturday) at 10 a.m., (co-counsel) Rob (Turkewitz) kept calling this morning and (Barnett’s) phone would go to voicemail. We then asked the hotel to check on him. They found him in his truck dead from an ‘alleged’ self-inflicted gunshot.”

Barnett worked at Boeing for 32 years as a quality control engineer before retiring in 2017.

In 2019, along with a dozen other workers, Barnett told the New York Times that, facing manufacturing delays, Boeing pushed its workforce at the Charleston plant to churn out Dreamliners and ignore safety issues.

Barnett said at the time that he had discovered clusters of metal shavings hanging over wiring that commanded the flight controls in several planes. The metal shavings were apparently produced when fasteners were fitted into nuts, but if the shavings pierced the wires, the results would be “catastrophic.”

Barnett said he repeatedly urged his bosses to remove the shavings but they refused and moved Barnett to a different part of the Charleston plant.

A spokesperson for the Federal Aviation Administration (FAA) confirmed to the New York Times that it had inspected several Boeing planes and found the metal shavings, which can lead to electrical shorts and cause fires. The FAA issued a directive to have the shavings cleaned up and Boeing said at the time it was complying with the order and working to improve the design of the nut that produced the metal slivers.

Later in 2019, Barnett raised another safety concern, this time with the BBC. He said that procedures to track defective parts had failed, resulting in some sub-standard parts being fitted to planes to speed up manufacturing time.

He claimed that tests of the emergency oxygen systems on some planes had shown a failure rate of around 25 per cent, meaning that one in four oxygen masks deployed in the event of an emergency could fail.

Boeing denied the claims but the FAA found that at least 53 defective parts in the factory had gone missing and were considered lost. Boeing was ordered to take remedial actions following the report.

Barnett launched his own lawsuit against Boeing, accusing the company of defaming his character and hindering his career because of the safety issues he raised. This was the lawsuit Barnett was pursuing when he died.

In recent months, Boeing has consistently been in the headlines after a series of high-profile accidents.

In January, a door plug failed on a Boeing 737 Max 9 plane, resulting in a door panel blowing off the fuselage mid-flight. The blowout was linked to loose bolts and the FAA grounded all Boeing 737 Max 9 planes with a door plug shortly after the incident.

On Monday, 50 people were injured onboard a Boeing 787 plane after a “strong shake” and sudden plunge caused people to be thrown from their seats and hit the plane’s ceiling during a flight from Australia.

The cause of the “technical event” is still under investigation.
...

THE ORIGINAL ARTICLE IS NO LONGER ACCESSIBLE!!!!!!..... JOHN BARNETT WAS OBVIOUSLY SNUFFED OUT!!!!!!!!


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CorporateDick CorporateDick 7 days ago
Agoura Guy please post a link to your source that provided you the information of this assassination and that Mr Barrett was shot in the back of the head

Thanks
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CorporateDick CorporateDick 7 days ago
Agoura Guy posted yesterday that he was assassinated and shot in the back of the head. Maybe he could post a link to the source of his information.
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bar1080 bar1080 7 days ago
"The Charleston County Coroner’s Office told media that Barnett died from “what appears to be a self-inflicted gunshot wound,”
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gfp927z gfp927z 7 days ago
Boeing whistleblower killed gangland style? Looks that way, geez..






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gfp927z gfp927z 7 days ago
>>> Boeing Whistleblower John Barnett Found Dead Amid Depositions Against Plane Company


Time

by Koh Ewe

March 12, 2024


https://www.yahoo.com/news/boeing-whistleblower-john-barnett-found-104622297.html


John Barnett was supposed to answer questions on Saturday as part of a deposition he’d been giving earlier last week related to a legal dispute with his former employer Boeing—which has been dogged by safety concerns, some of which he had raised. But he didn’t show up.

When his legal team called him repeatedly to no avail, they eventually asked the hotel he was staying at to check in on him. That’s when Barnett was found dead in his truck in the parking lot.

The Charleston County Coroner’s Office told media that Barnett died from “what appears to be a self-inflicted gunshot wound,” and that the Charleston Police Department is continuing to investigate the death.

Barnett’s lawyer Brian Knowles described the discovery as “tragic” to legal newsletter Corporate Crime Reporter, which first reported on Barnett’s death. “John had been back and forth for quite some time getting prepared,” said Knowles, who told Corporate Crime Reporter that he was set to cross-examine Barnett on Saturday for what would have been “day three of his deposition here in Charleston on his AIR21 case,” referring to the shorthand for the Federal Aviation Administration’s Whistleblower Protection Program.

Barnett, who was based in Louisiana, was in South Carolina to offer evidence for legal proceedings linked to a defamation lawsuit against Boeing, which he claimed deliberately hurt his career and reputation because of allegations he’d made of grave safety breaches on the aircraft company’s production line.

“We are saddened by Mr. Barnett’s passing, and our thoughts are with his family and friends,” Boeing said in a statement to TIME.

The 62-year-old, who had worked at Boeing for over three decades as a quality control engineer and manager until his retirement in 2017, has for the past few years been outspoken about his skepticism of the company’s safety standards, which have come under heightened scrutiny in recent months amid a series of high-profile malfunctions on Boeing planes.

In 2019, just months after an Ethiopian Airlines Boeing 737 MAX 8 and a Lion Air Boeing 737 MAX both crashed minutes after takeoff, killing everyone on board, Barnett told the BBC that workers at one Boeing factory had been deliberately fitting faulty parts to planes to meet production deadlines, and that oxygen masks on the 787 Dreamliner had a 1-in-4 chance of failing during an emergency. Barnett said he had alerted Boeing managers as well as the FAA to the concerns but that no action had been taken. Boeing denied his allegations, though it acknowledged that an inspection in 2017 found that some oxygen bottles were in fact not deploying properly.

Barnett also told the New York Times in 2019 that he was once reprimanded for documenting “process violations” via email instead of face to face, which he took to mean the company didn’t want him putting problems in writing. In a 2014 performance review seen by the Times, Barnett’s manager told him that he had to improve at “working in the gray areas and help find a way while maintaining compliance.”

In January, the plane manufacturer made headlines again when an Alaska Airlines Boeing 737 MAX 9 made an emergency landing shortly after takeoff in Portland after one of its emergency exit doors blew out mid-air, causing passengers’ belongings to fly out of the hole and pressure on the plane to be destabilized. While no one was seriously hurt by the blowout, much of it thanks to luck—the seats nearest to the hole were unoccupied and most passengers were strapped in their seats when it happened—three passengers on the flight are suing the airline and Boeing for $1 billion, arguing that they’ve suffered severe psychological distress due to negligence.

Alaska Airlines temporarily grounded its fleet of Boeing 737-9 planes immediately after the accident and greenlit them to fly again just weeks later. But Barnett told TMZ at the time that Boeing’s troubles weren’t isolated to one door plug—or one plane.

“This is not a 737 problem,this is a Boeing problem,” he said, adding that Boeing started removing inspection operations in 2012. “What we’re seeing with the door plug blowout is what I’ve seen with the rest of the airplane as far as jobs not being completed properly, inspection steps being removed, issues being ignored.”

Controversy surrounding the Alaska Airlines incident is still mounting, with the Wall Street Journal reporting last week that the Justice Department has opened a criminal investigation into the case. And Boeing, which was accused of not being cooperative with federal investigators, admitted to Congress on Friday that it could not find records on the exploded door panel.

The FAA said earlier this month that a six-week audit of Boeing and subcontractor Spirit AeroSystems in the wake of the Alaska Airlines incident “found multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements.”

On Monday, more than 50 passengers were injured after a LATAM Airlines Boeing 787 bound for New Zealand from Australia plummeted mid-air, throwing passengers out of their seats, in what the carrier said was a “technical event” and is now under investigation.

As its reputation has sunk, so has Boeing’s stock price—dropping by more than 26% since the start of the year, per NASDAQ.

“Once you understand what’s happening inside of Boeing, you’ll see why we’re seeing these kinds of issues,” Barnett told the Australian Broadcasting Corporation in January.

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DiscoverGold DiscoverGold 7 days ago
United cancels Boeing orders for Max 10s that were backlogged, switching to Max 9 and the Airbus A321 instead.
By: Markets & Mayhem | March 12, 2024

United cancels Boeing orders for Max 10s that were backlogged, switching to Max 9 and the Airbus A321 instead. https://t.co/XjhUWKQbuU pic.twitter.com/GtwSS5BieX— Markets & Mayhem (@Mayhem4Markets) March 12, 2024

Read Full Story »»»

DiscoverGold
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Major_Bankz Major_Bankz 7 days ago
I'm sure u guys watched Sopranos, these guys took care of the RAT., a RAT is someone who SINGS. IMO
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Major_Bankz Major_Bankz 7 days ago
At least FTX/Sam Bankfraud Thief did not resort to a Mafia style execution, but don't worry DOJ will find out soon, look where Sam Banfraud is right now. IMO
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Major_Bankz Major_Bankz 7 days ago
These Boing fools are just that fools/ incompetent. IMO
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