Boeing Co. today reported a record annual loss of almost $12 billion as it dealt with the 737 Max crisis and a slump in demand for air travel.
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Boeing Co. this week said it agreed to pay more than $2.5 billion because of fatal crashes stemming from problems with the 737 Max. The company is looking to the settlement a way to move on from a corporate crisis.
Durable goods orders rose last month, boosted by commercial and defense aircraft, the U.S. Commerce said today.
The Federal Aviation Administration lifted a grounding order on Boeing Co.'s 737 Max that had been in effect since early 2019.
Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.
Risk-management technology is beginning to help manufacturers cope with the supply-chain upheaval caused by the COVID-19 pandemic, said Thomas Derry, CEO of the Institute for Supply Management: “We are a lot better at managing risk than even 10 years ago.”
Teenaged Jamie Yelle daydreamed as he pushed a broom across the floor of his father’s machine shop. As he cleared a path through aluminum chips, filings, and scraps of metal around the machinery, he imagined what the company would look like if he were at the helm.
To grow in today’s manufacturing world, shops need to consolidate operations, automate, increase efficiency, capture and analyze data and more, in order to fully leverage opportunities in thriving industries, such as aerospace.
It is not surprising that the aerospace and defense industry exists at a higher plane of manufacturing. The components and end products being assembled must endure intense forces and pressures, are expected to perform without failure, and even the slightest mistake comes with extreme safety risks.
Tacoma, Washington-based Tool Gauge manufactures precision metal and plastic components and assemblies for the aerospace industry.