ⓘ History of Boeing. In October 2017, Boeing announced plans to acquire Aurora Flight Sciences to expand its capabilities to develop autonomous, electric-powered ..

                                     

ⓘ History of Boeing

In October 2017, Boeing announced plans to acquire Aurora Flight Sciences to expand its capabilities to develop autonomous, electric-powered and long-flight-duration aircraft for its commercial and military businesses, pending regulatory approval.

In 2017, Boeing won 912 net orders for $134.8 billion at list prices including 745 737s, 94 787s and 60 777s, and delivered 763 airliners including 529 737s, 136 787s and 74 777s.

In January 2018, a joint venture was formed by auto seat maker Adient 50.01% and Boeing 49.99% to develop and manufacture airliner seats for new installations or retrofit, a $4.5 billion market in 2017 which will grow to $6 billion by 2026, to be based in Kaiserslautern near Frankfurt and distributed by Boeing subsidiary Aviall, with its customer service center in Seattle.

On June 4, 2018, Boeing and Safran announced a 50-50 partnership to design, build and service auxiliary power units APU after regulatory and antitrust clearance in the second half of 2018. This could threaten the dominance of Honeywell and United Technologies in the APU market.

At a June 2018 AIAA conference, Boeing unveiled a hypersonic transport project.

On July 5, 2018, Boeing and Embraer announced a joint venture, covering Embraers airliner business. This is seen as a reaction to Airbus acquiring a majority of the competing Bombardier CSeries on October 16, 2017.

In September 2018, Boeing signed a deal with the Pentagon worth up to $2.4 billion to provide helicopters for protecting nuclear-missile bases. Boeing acquired the satellite company Millennium Space System in September 2018.

On March 10, 2019, an Ethiopian Airlines Boeing 737 MAX 8 crashed just minutes after take-off from Addis Ababa. Initial reports noted similarities with the crash of a Lion Air MAX 8 in October 2018. In the following days, numerous countries and airlines grounded all 737 MAX aircraft. On March 13, the FAA became the last major authority to ground the aircraft, reversing its previous stance that the MAX was safe to fly. On March 19, the U.S. Department of Transportation requested an audit of the regulatory process that led to the aircrafts certification in 2017, amid concerns that current U.S. rules allow manufacturers to largely "self-certify" aircraft. During March 2019 Boeings share price dropped significantly. In May 2019 Boeing admitted that it had known of issues with the 737 MAX before the second crash, and only informed the Federal Aviation Authority of the software issue a month after the Lion Air crash.

On April 23, 2019, the Wall Street Journal reported that Boeing, SSL and aerospace company The Carlyle Group had been helping the Chinese Peoples Liberation Army enable its Mass surveillance on ethnic groups such as the Uighur Muslims in the Xinjiang autonomous region in northwestern China as well as giving a high-speed internet access to the artificial islands in the South China sea among others through the use of new satellites. The companies have been selling the new satellites to a Chinese company called AsiaSat which is a joint-venture between the Carlyle Group and the Chinese State-owned CITIC which then sells space on these satellites to Chinese companies. The companies stated that they never specifically intended for their technology to be used by Chinas Ministry of Public Security and the Police.

On July 18, 2019, when presenting its second-quarter results, Boeing announced that it had recorded a $4.9 billion after-tax charge corresponding to its initial estimate of the cost of compensation to airlines for the 737 MAX groundings, but not the cost of lawsuits, potential fines, or the less tangible cost to its reputation. It also noted a $1.7 billion rise in estimated MAX production costs, primarily due to higher costs associated with the reduced production rate.

On November 18, 2019, Boeing 49% and Embraer 51% announced a joint venture to market the C-390 Millennium tactical transport aircraft, called Boeing Embraer – Defense, to operate after the regulatory approvals and closing conditions.

                                     

1. Bibliography

Notes

References

  • Boeing 2016. "Biography of William E. Boeing" PDF. Boeing. Retrieved April 18, 2020. CS1 maint: ref=harv link
  • Haine, Edgar A. 2000. Disaster in the Air. Associated University Presses. ISBN 9780845347775. CS1 maint: ref=harv link - Total pages: 394
  • Boeing 2020. "Boeing History Chronology" PDF. Boeing. Retrieved April 18, 2020. CS1 maint: ref=harv link
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