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Lingering problems
Approval of those three models is still uncertain. Boeing has warned investors that losses are likely to continue through 2025. It is on the verge of having its credit rating downgraded to junk for the first time in its history, and it could end up being booted from the Dow Jones industrial average, where it has resided as one of the nation’s most significant companies since 1937.

Boeing’s (BA) stock plunged by about a third in 2024, after closing down more than 2% on Monday following the Korean crash. Its previous CEO and several other prominent executives were ousted. And its seemingly unending string of bad headlines raised serious questions about the company’s ability to get its safety and quality problems under control.

Soon after the Alaska Air incident, kra27 cc the National Transportation Safety Board’s preliminary investigation found that the plane had left a Boeing factory two months earlier missing the four bolts needed to hold the door plug in place.
The incident led to numerous federal investigations, not just by the NTSB but also by Congress, the Federal Aviation Administration and the Justice Department. The FBI notified those on the plane that they might be considered crime victims, and the FAA’s probe led to increased oversight of Boeing by the agency, including limits on how many of the planes it could produce.

Here’s a rundown of the other problems it experienced in the last year.
Pleading guilty
The Alaska Air incident reopened Boeing to new prosecution in a case it had agreed to settle three years earlier. In July, Boeing agreed to plead guilty to federal charges that it had deceived the FAA during the initial certification process for the 737 Max. Under the deal, it agreed to pay up to $487 million in fines, double what it originally paid under a 2021 deferred prosecution agreement.

The most serious consequence for Boeing was an agreement to operate under the oversight of a new government-appointed monitor.

But in October, a federal judge rejected the plea partly because of questions about how a government-appointed monitor would be selected, leaving the ultimate punishment still uncertain.

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Stranded astronauts
In June, Boeing finally launched a crewed mission with its Starliner spacecraft, taking NASA astronauts Butch Wilmore and Suni Williams to the International Space Station.

The mission was long overdue, after years of development and test flight problems left it far behind rival SpaceX in carrying astronauts to the ISS.But the success proved short-lived: Soon after the Starliner’s arrival, NASA disclosed that helium leaks and thruster outages meant it wasn’t safe for the spacecraft to return the two astronauts to Earth after eight days as originally planned.

Octopus 2.0 animal animal logo creative cute flat kraken kreatank logo negative space ocean octopus purple sea spiral wave waves zooThe Starliner eventually returned to Earth without anyone aboard, and Wilmore and Williams are still waiting for a ride home on a SpaceX Dragon spacecraft sometime in early 2025. When Boeing’s Starliner will again be able carry astronauts and fulfill the company’s contract with NASA remains unknown.

Crippling strike
In September, 33,000 members of the International Association of Machinists started a strike that halted production of the 737 Max and the company’s freighter aircraft. Union members had voted nearly unanimously to reject a tentative agreement that had been reached between the company and union leadership about a week earlier.

Many union members were still angry over the loss of a traditional pension plan 10 years earlier, Кракен даркнет and they stayed on strike nearly two months. They rejected a subsequent offer before finally voting in favor of a third offer that gave them an immediate raise of 13% and raises of 9% for each of the next two years and then another 7% in the fourth and final year of the contract. Combined, that raised hourly pay by 43% over the life of the contract.
Beyond the cost of the new labor deal, the work stoppage was the most costly American strike of the 21st century, costing the company, its workers and its suppliers more than $11.5 billion, according to Anderson Economic Group, a Michigan research firm with expertise in estimating the cost of work stoppages. experts. And it took Boeing about a month to resume production once the strike ended.

During the strike, Boeing announced it would be forced to cut 10% of its global workforce of 171,000 employees in a cost-saving move to limit losses going forward.