U.S. Approves Weapons Sales to Saudi Arabia, UAE Valued up to $2.2B

Seeking Alpha09:21 ET

Boeing Announces 10% Workforce Reduction Amidst Ongoing Struggles, Impacting Nearly 17K Employees

Benzinga01:39 ET

Boeing crisis deepens! Major strike severely impacts finances, announces layoffs of 17,000 people.

1. Boeing announced on Friday that it will lay off 10%, or about 17,000 people, as the one-month strike has dealt a severe blow to the company's finances; 2. The company will also further delay the delivery of its new wide-body aircraft; 3. The company expects third-quarter revenue to be $17.8 billion, with a loss of $9.97 per share, and negative cash flow from operations of $1.3 billion.

cls.cn20:15 ET

An extremely severe challenge! After a month-long strike, Boeing announced a large layoff of 17,000 employees, with the first batch of 777X aircraft deliveries delayed by one year.

Boeing CEO said the challenges they are facing are "no exaggeration", planning to lay off about 10%, including executives and managers. Boeing's initial estimate is that GAAP loss per share in the third quarter will be nearly $10, about 3.4 times that of the first half of the year, with an operating cash flow loss of $1.3 billion for the quarter, and a civil aircraft business operating margin of -54%; Delivery of the 777X aircraft is delayed partly due to strikes; due to strikes and other impacts, total pre-tax expenses for projects such as 777X and other civil aircraft amount to $6 billion. Boeing's stock fell nearly 3% after hours.

wallstreetcn18:43 ET

US stocks closed: on the two-year anniversary of this bull market, the S&P and Dow hit new highs, while Chinese stocks collectively strengthened.

①The s&p 500 index welcomes the second anniversary of the bull market, historically breaking through the 5800-point integer mark for the first time on Friday; ②The nasdaq china golden dragon index has closed higher for two consecutive days; ③Tesla tumbled by 8%, while uber technologies and Lyft strengthened; ④Boeing announced a 10% workforce reduction.

cls.cn18:22 ET

Boeing Stock Falls Some 2% After Hours on Downbeat Q3 Guidance and Plans for 17,000 Job Cuts

Jerry Kronenberg16:50 ET