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Boeing didn’t deliver any of its popular 787 wide-body jets in December. One analyst blames it on a quality problem the company is working through on its revolutionary composite skinned jet.
Melius Research analyst Carter Copeland commented on the delivery goose egg in a Thursday research report after pointing out his institutional-investing clients asked him what it meant for the stock. “The primary issue is associated with ongoing structural inspections looking to find and fix small gaps in fuselage joins of aircraft within.
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Boeing didn’t deliver any of its popular 787 wide-body jets in December.
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The recovering economy should lift corporate profits this year. But that doesn’t mean companies will pay taxes on the gains, even with rates potentially going up under the Biden administration.
Generous tax breaks in the Cares Act, along with the heavy losses racked up by companies in 2020, may produce a tax shield for years. The higher the tax rate goes, the more companies could save.
The.
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The recovering economy should lift corporate profits this year.
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Space is cold, but space investing is heating up. Space-linked stocks are rocketing higher Wednesday because a well-known Tesla bull has turned her gaze upward.
ARK Invest, founded by technology disruption guru Cathie Wood, is planning a new exchange-traded fund focused on space stocks, based on filings with the Securities and Exchange Commission.
Wood,.
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Space is cold, but space investing is heating up.
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Jan. 13, 2021 1:59 am ET Boeing Co. ’s drone unit has agreed to pay $25 million to settle civil-fraud allegations that it overcharged on more than half a dozen contracts signed with the U.S. Navy and special forces between 2009 and 2017.
Announced Tuesday by the Justice Department and Pentagon investigative agencies, the settlement stems from whistleblower claims by a then-official of the unit, Insitu Inc., that it knowingly charged new-part prices for “less expensive recycled, refurbished, reconditioned and/or reconfigured parts.” According to the Justice Department, the contracts with the Navy and the Pentagon’s Special Operations Command required new parts and materials.
Updated Jan. 12, 2021 6:34 pm ET
The Sriwijaya Air jet that crashed on Saturday didnât fly for nearly nine months last year, with air travel severely reduced because of the coronavirus pandemic, Indonesiaâs transportation ministry said, as search crews pulled one of the planeâs so-called black boxes from the Java Sea.
The Boeing Co. 737-500 was inspected and declared airworthy before resuming flying operations, the ministry said.
The Indonesian carrierâs aircraft with 62 people on board went down minutes after taking off from the countryâs capital, Jakarta. There are believed to be no survivors.
Divers and search crew, who grappled with sharp debris and low underwater visibility, managed to recover the planeâs flight-data recorder on Tuesday, an important early step in uncovering why SJ182 crashed.