Aerospace and defense manufacturer Boeing had a strong 2021 overall, with revenue for the year growing by 7% amid a surge in sales. Boeing delivered 340 jetliners in 2021, more than double its sales numbers from 2020, spearheaded by the long-awaited return of the 737 Max airplane that was grounded in 2019, along with the revival of air travel as the pandemic eased. But the company has faced further challenges in 2022 in the wake of the Russian invasion of Ukraine, as the war raised costs and delayed shipments for key manufacturing parts. Investors have also reacted poorly to ongoing delays in the development of Boeing’s 777-9 civilian wide-body jet, and to cost overruns in its contract to build new Air Force One aircraft for the White House.
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Latest news for Boeing
- TechBoeing docks crew capsule to space station in test do-overMay 21, 2022 1:56 PM UTC
- FinanceBoeing management needs ‘a boot up the a**’, rages budget airline CEO Michael O’LearyMay 17, 2022 4:21 PM UTC
- LeadershipBoeing to move its headquarters to Washington, D.C. area from ChicagoMay 5, 2022 8:13 PM UTC
- PoliticsBoeing CEO regrets building Air Force One at a bargain for TrumpApril 28, 2022 2:04 PM UTC