As a new commercial-centric era dawns for the International Space Station, Boeing is realigning its top managers for the space station program — and for the program that’s working to send Starliner capsules there and back.
Boeing isn’t due to start flying NASA crews to the International Space Station until next year, but in the meantime, astronauts can steer a computer-generated Starliner space taxi with the aid of Varjo’s virtual-reality headsets.
Boeing says it has resumed 737 MAX production at its factory in Renton, Wash., with more than a dozen initiatives implemented to enhance product quality and workplace safety amid the coronavirus pandemic.
Boeing’s president and CEO, David Calhoun, acknowledged during an NBC News interview with “Today” host Savannah Guthrie that a major U.S. airline will “most likely” go out of business due to fallout from the coronavirus outbreak.
A Boeing-led team has presented the Royal Australian Air Force with its first “Loyal Wingman” aircraft, an AI-equipped drone that’s designed to fly in coordination with crewed military airplanes.
Boeing says it’s planning to reduce its workforce by 10% and cut back on production of wide-body jets in response to the coronavirus pandemic’s dramatic effect on the aviation industry.
“We will be a smaller company for a while,” David Calhoun, Boeing’s CEO and president, told investors today during a conference call.
The moves came as the company reported an adjusted loss of $1.7 billion and a negative cash flow of $4.7 billion for the first quarter of the year. It was the second quarterly loss in a row, but it wasn’t as bad as analysts feared. As a result, Boeing’s shares finished today’s trading session up nearly 6%, at a closing price of $139.
In a letter to employees, Calhoun said that the pandemic has delivered a “body blow to our business.”
“The aviation industry will take years to return to the levels of traffic we saw just a few months ago,” he wrote.
In response, the company has started executing a plan for a 10% reduction in total workforce through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.
Boeing terminated its two-year-old, $4.2 billion agreement to acquire the commercial operations of Embraer, a leading regional-jet manufacturer based in Brazil, as the April 24 deadline for sealing the deal passed.