Boeing reports a larger loss due to changes in the defence industry
Boeing Co. (BA.N) unpredictably disclosed a larger deficit in the third quarter as hefty losses at its struggling military division were caused by cost overruns, highlighting the company’s difficulty in turning around its financial situation. The Virginia-based aircraft manufacturer is attempting to get through two crises that are intertwined: the pandemic and the suspension of…
worldbusinessstar
US opens $500 MLN fund for relatives of Boeing 737 MAX victims
A $500 million U.S. fund is compensated to the relatives of 346 people who were killed in two fatal Boeing 737 MAX crashes. This claim is a part of a settlement with the U.S. Justice Department. In January, Boeing Co had agreed to pay $500 million to compensate the beneficiaries of the passengers who died…