77.4 F
New York
Thursday, July 29, 2021

Boeing [NYSE: BA] Discovers Manufacturing Defects In 787 Dreamliner Jets

Must read

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

The Boeing Company [NYSE: BA] has discovered the manufacturing defects in its 787 Dreamliner Jets. The company also ordered to remove defected planes from service so they can be repaired.

The Boeing Company disclosed that they found two distinct manufacturing issues in the fuselage section toward the back of the aircraft. The design doesn’t meet the design standards of Boeing.

Shares of Boeing traded up 1.34%, or up +2.30 during the trading of Thursday. This company has a closing price of $174.20. It has a day low range of $173.56 and a day high range of $181.31.

Boeing had a trading volume of 29.3 million as compared to the average volume of 45.05 million. It has recorded the 52-weeks low range of $89.00 and a high range of $391.00.

Its share rose 95.73% from its 52-weeks low and decreased down -55.45% from its 52-weeks high range. This company has a total market capitalization of 99.55 billion.

After finding the manufacturing defect in 787 Dreamliner, Boeing had alerted Federal Aviation Administration. The company is currently trying to find the cause of the problem.

If we look at the profitability of Boeing, its return on assets (ROA) is -2.00%, return on equity (ROE) is 33.40%, and return on investment (ROI) is -1.90%. Its Gross Margin is 5.60%, Profit Margin is -4.10%, and an Operating Margin is -7.60%.

Continuing to look at its liquidity, this company’s current ratio is 1.40 and its quick ratio is 0.50. Boeing has reported sales of 69.26 billion.

One of the defected aircraft is operated by Singapore Airlines Ltd. The Jet is currently not in service and the airline is in close contact with Boeing to resolve the issue. The Boeing has notified the respective airlines so that they resolve the issue.

More articles

Latest article

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...

Digital Realty [NYSE: DLR] and Brookfield Announces Joint Venture

Digital Realty Trust, Inc.   and Brookfield Infrastructure Partners L.P. and its institutional partners disclosed on Wednesday that they have launched a 50/50 joint...

Red Cat [NASDAQ: RCAT] Announces Acquisition of Teal Drones

Red Cat Holdings, Inc. has inked an agreement on Tuesday to buy Teal Drones in an all-stock transaction. This acquisition will add Teal...