Tag: Boeing

Boeing will pay USD 2.5 billion to settle charge over 737 Max

WASHINGTON: Boeing will pay USD 2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said Thursday that the settlement includes money for the crash victims’ families, airline […]

Middle East to require nearly 3,000 new airplanes worth $685 billion by 2039

NEW DELHI: Boeing anticipates demand for 2,945 new airplanes in the Middle East valued at $685 billion over the next two decades, as the industry recovers from the COVID-19 pandemic in the medium and long term. The projection is part of Boeing’s 2020 Commercial Market Outlook (CMO), an annual forecast of 20-year demand for commercial […]

More freighters needed to support global supply chains and e-commerce expansion: Boeing

NEW DELHI: Boeing its biennial World Air Cargo Forecast (WACF), reflecting COVID-19 impacts and opportunities as well as substantial long-term demand for freighters over the next two decades. Enabled by a rebound in global trade and long-term growth, the WACF forecasts demand for 2,430 freighters over the next 20 years, including 930 new production freighters […]

Boeing, Partners commit to boost Canadian Economy by $61 billion

NEW DELHI: Through five new agreements, Boeing and its Canadian aerospace partners are preparing to deliver C$61 billion and nearly 250,000 jobs to the Canadian economy. “Canada is one of Boeing’s most enduring partners and has continuously demonstrated that they have a robust and capable industry supporting both our commercial and defence businesses,” said Charles […]

Spokesman: China to sanction US arms suppliers to Taiwan

BEIJING:China will impose sanctions on US companies including Boeing and Lockheed Martin for supplying weapons to rival Taiwan, a foreign ministry spokesman said Monday. Raytheon also will be affected, said the spokesman, Zhao Lijian. He gave no details of what penalties might be imposed or when. China and Taiwan split during a civil war in […]

Boeing bags $477 million performance based logistics contract from Defense Logistics Agency

NEW DELHI: Boeing said that it has received a Performance Based Logistics (PBL) contract award valued at $477 million from the Defense Logistics Agency (DLA) for supplies, full supply chain management and logistics services to ensure long-term, affordable sustainment of multiple weapon systems platforms. Work will be performed under a fixed-price, master services agreement. Under […]

First NH90 delivered to the Spanish Air Force for search and rescue missions

NEW DELHI: NHIndustries and its Partner Companies (Airbus Helicopters, Leonardo and Fokker) have delivered the first NH90 to the Spanish Air Force that will boost their search and rescue (SAR) and combat search and rescue (CSAR) mission capabilities. The Spanish Air Force will receive 12 NH90s intended to replace its aging fleet of AS332 Super […]

Boeing forecasts challenging near-term aerospace market with resilience in long term

NEW DELHI: Boeing said that it has released its annual forecast for the commercial and defense aerospace market, reflecting the impact of the COVID-19 pandemic and Boeing’s view of near-, medium- and long-term market dynamics. The 2020 Boeing Market Outlook (BMO) projects that the commercial aviation and services markets will continue to face significant challenges […]

Boeing delivers SOCOM’s first next-gen Chinook helicopter

NEW DELHI:Boeing is delivering new technologies and performance improvements to U.S. Special Operations Command (SOCOM) with the Block II Chinook helicopter. Boeing’s Philadelphia team recently delivered the first MH-47G Block II Chinook to SOCOM on time. “This delivery marks a major step for the Chinook program,” said Andy Builta, vice president and H-47 program manager. […]

Boeing completes Helicopter deliveries to the Indian Air Force

NEW DELHI: Boeing has completed delivery of all new AH-64E Apache and CH-47F(I) Chinook military helicopters to the Indian Air Force (IAF). The final five of the 22 Apache attack helicopters were handed over to the IAF at Air Force Station, Hindan. Earlier in March, Boeing handed over the last five of 15 CH-47F(I) Chinook […]

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