:

Business/Financial

Boeing Workers End Strike; Cash Flow Will Remain Negative Through 2025

By Cal Biesecker

Tuesday, November 5th, 2024

SHARE:

Boeing Workers End Strike; Cash Flow Will Remain Negative Through 2025

A KC-46 Pegasus from the 97th Air Mobility Wing, assigned to the 56th Air Refueling Squadron, Altus AFB, Okla. refuels an F-16 from the 49th Wing, 54th Fighter Group, Holloman AFB, N.M., on December 7, 2020 (U.S. Air Force Photo)

Boeing’s [BA] machinists' union members on Monday voted to end their 53-day strike that shut down production at the company’s commercial aircraft plants in the Pacific Northwest but the company offered no updates on program impacts. During its third quarter earnings call on Oct. 23, Boeing indicated that depending on when the strike ended, free cash outflow in 2025 could be around $14 billion. In the third quarter, free cash flow was negative $2 billion, which brought the cash outflow…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]